Plan Overview

The aim of this plan is to ensure financial security for the family on the death of the policyholder. For those who wish to take out insurance, who have savings available to invest, and who find it troublesome to pay instalments every month or every year, the single premium insurance plan from NRB Islamic Life Insurance PLC offers an excellent opportunity. Because the premium is paid only once for the whole term, when the policy is taken out, this policy is known as a comparatively convenient and reliable plan, especially for Bangladeshis living abroad. Premiums paid qualify for income tax rebate. The claim amount is also free of income tax.

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: 6, 9, 12, 15, 18 and 21 years.

Minimum sum assured: BDT 977.10.

Premium payment mode: Single (one-time) payment.

Rate Chart : Plan-04