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Three Stage Payment Plan

Plan Overview

The Islamic Three Stage Payment Plan is an excellent plan for meeting any urgent need in personal life. At different times in life a person may need money for business, for children's higher education or for a marriage. To meet these needs, NRB Islamic Life Insurance PLC has designed this staged-payment insurance plan.

Features & Benefits

Survival benefit (SB):

a) 25% of the sum assured after one-third of the term has passed.
b) 25% of the sum assured after two-thirds of the term has passed.
c) At the end of the term, the remaining 50% of the sum assured is paid with the bonus earned.
A special advantage of this plan is that survival benefit (SB) already paid during the term is not deducted when a death claim is paid.

Supplementary cover: For a small additional premium, this plan can include accidental death cover (DIAB) and disability and accidental death cover (PDAB) as supplementary cover.

Policy term: 12, 15, 18 and 21 years.

Minimum sum assured: BDT 30,000.

Premium payment mode: Yearly, half-yearly and quarterly.

Terms & Conditions

Death benefit: If the policyholder dies during the policy term, the full sum assured is paid to the nominee with the profit earned.

Age: The minimum entry age under this plan is 20 years and the maximum is 55 years. The maximum age at maturity is 65 years.

Rate Chart : Plan-03

How the premium is calculated:
Yearly premium: The premium rates below apply to yearly premiums.
Half-yearly premium: Yearly premium × 0.525
Quarterly premium: Yearly premium × 0.275

Age Tenure: 12 years Tenure: 15 years Tenure: 18 years Tenure: 21 years
20 98.83 79.3 66.33 57.11
21 98.83 79.3 66.33 57.11
22 98.83 79.3 66.33 57.11
23 98.83 79.3 66.33 57.11
24 98.83 79.3 66.33 57.11
25 98.83 79.3 66.33 57.12
26 98.83 79.3 66.33 57.13
27 98.83 79.3 66.33 57.14
28 98.83 79.3 66.34 57.16
29 98.83 79.3 66.35 57.19
30 98.83 79.3 66.38 57.23
31 98.83 79.31 66.41 57.27
32 98.83 79.34 66.45 57.32
33 98.83 79.38 66.49 57.38
34 98.86 79.42 66.55 57.46
35 98.9 79.47 66.62 57.54
36 98.95 79.53 66.69 57.64
37 99 79.6 57.75
38 99.06 79.68 66.89 77.88
39 99.14 79.77 67.01 88.03
40 99.22 79.88 67.14
41 99.32 80 72.29 58.39
42 99.43 80.14 67.47 58.61
43 99.56 80.31 67.67 58.85
44 99.7 80.49 67.89
45 99.87 80.7 70.15 59.46
46 100.07 80.93 68.45 59.83
47 100.28 81.2 68.78 60.25
48 100.53 81.51 69.17 60.72
49 100.81 81.86 61.25
50 101.13 82.26 70.09
51 101.49 82.71 70.65
52 101.9 83.22 71.28
53 102.37 83.8
54 102.91 84.46
55 103.51 85.2
56 105.5
57 107.43
Plan-03 Brochure Download