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Hajj Bima Plan

Plan Overview

Hajj is one of the five pillars of Islam. Allah, the Lord of the worlds, has made Hajj obligatory for Muslims who are financially and physically able. Our beloved Prophet (peace be upon him) said that if a person dies without performing Hajj after it has become obligatory on him, “I do not know whether his death was upon the religion of Islam.” (Bukhari Sharif)
Many Muslims wish to perform the holy Hajj or Umrah, yet in our socio-economic circumstances most people are unable to fulfil this wish. To help turn this wish into reality and fulfil this sacred duty, NRB Islamic Life Insurance PLC has introduced the Mukammel-e-Hayat (Hajj Bima) plan. Premiums paid qualify for income tax rebate. The claim amount is also free of income tax.

Features & Benefits

Investment: The funds accumulated under this plan are invested in accordance with Islamic Shariah.

Operation: This plan is operated on the basis of “Al-Mudaraba” and “Al-Tabarru” accounts.

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: 10, 11, 12, 13, 14, 15 and 20 years.

Minimum sum assured: BDT 200,000 (two lakh).

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

Terms & Conditions

Maturity benefit: The full sum assured is paid with profit at maturity, with which the policyholder can perform Hajj or Umrah.

Death benefit: If the policyholder dies while the policy is in force, the amount deposited in the “Mudaraba” fund is paid with profit to the nominee. In addition, an amount equal to the premiums the policyholder would have paid for the remaining term of the policy had they lived is paid to the nominee from the “Tabarru” fund. In other words, the full sum assured is paid to the nominee. With the death claim amount, the nominee can perform Hajj on behalf of the policyholder.

Surrender and paid-up: The policy can be surrendered or made paid-up after premiums have been paid for at least 2 years and that period has passed. No further premium is payable after the policy becomes paid-up. In addition, an attractive profit is added to the paid-up policy every year.

Age: The minimum entry age under this plan is 20 years and the maximum is 55 years. The maximum age at maturity is 70 years.

Rate Chart : Plan-05

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: 10 years Tenure: 11 years Tenure: 12 years Tenure: 13 years Tenure: 14 years Tenure: 15 years Tenure: 20 years
20 108.32 97.76 88.99 81.58 75.25 69.78 50.84
21 108.32 97.77 88.99 81.59 75.26 69.79 50.86
22 108.32 97.77 89 81.59 75.27 69.8 50.88
23 108.33 97.78 89 81.6 75.28 69.81 50.9
24 108.34 97.78 89.01 81.61 75.29 69.83 50.93
25 108.34 97.79 89.02 81.62 75.3 69.84 50.97
26 108.35 97.81 89.04 81.64 75.32 69.87 51.02
27 108.37 97.82 89.06 81.66 75.35 69.9 51.08
28 108.39 97.84 89.08 81.69 75.38 69.94 51.16
29 108.41 97.87 89.12 81.73 75.43 69.99 51.24
30 108.44 97.91 89.16 81.78 75.48 70.05 51.35
31 108.48 97.95 89.21 81.84 75.55 70.12 51.47
32 108.53 98.01 89.28 81.91 75.63 70.22 51.62
33 108.6 98.09 89.36 82 75.73 70.33 51.8
34 108.68 98.18 89.46 82.12 75.86 70.46 52
35 108.78 98.29 89.58 82.25 76 70.62 52.23
36 108.9 98.42 89.73 82.41 76.18 70.81 52.5
37 109.05 98.58 89.91
38 0 90.11 82.83 76.62 71.29 53.15
39 109.44 99 90.35 83.09 76.9 71.59 53.55
40 109.68 99.26 90.63 83.38 77.22 71.92 53.99
41 109.96 99.56 90.95 83.72 77.58 72.3 54.48
42 110.28 99.9 91.31 84.1 77.98 72.73 55.03
43 110.64 100.29 91.72 84.54 78.44 73.21 55.65
44 111.05 100.72 92.18 85.02 78.94 73.74 56.33
45 111.51 101.2 92.69 85.55 79.51 74.33 57.07
46 112.01 101.24 93.25 86.74 80.13 74.98 57.89
47 112.57 102.33 93.87 86.8 81.81 75.7 58.8
48 113.19 102.98 94.55 87.51 81.57 76.49 59.79
49 113.87 103.69 95.31 88.3 82.39 77.36 60.88
50 114.61 104.47 96.13 89.17 83.3 78.31 62.07
51 115.43 105.33 97.03 90.12 84.3 79.36
52 116.33 106.28 98.02 91.16 85.39 80.5
53 117.31 107.31 99.11 92.3 86.59 81.76
54 118.39 108.45 100.3 93.55 87.9 83.13
55 119.57 109.69 101.61 94.93 89.34 84.65
Plan-05 Brochure Download