Single Premium Plan
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
Supplementary cover: No supplementary cover is offered under this plan.
Policy term: 5 to 10, 12 and 15 years.
Minimum sum assured: BDT 30,000.
Premium payment mode: Single (one-time) payment.
Terms & Conditions
Maturity benefit: Twice the basic sum assured is paid at maturity.
Death benefit: If the policyholder dies before the policy matures, twice the basic sum assured is paid to the nominee.
Policy surrender: The policy can be surrendered after at least 2 years have passed.
Age: The minimum entry age under this plan is 20 years and the maximum is 60 years. The maximum age at maturity is 70 years.
Rate Chart : Plan-06
| Age | Tenure: 05 years | Tenure: 06 years | Tenure: 07 years | Tenure: 08 years | Tenure: 09 years | Tenure: 10 years | Tenure: 12 years | Tenure: 15 years |
|---|---|---|---|---|---|---|---|---|
| 20 | 1837 | 1747 | 1663 | 1583 | 1508 | 1437 | 1307 | 1139 |
| 21 | 1837 | 1747 | 1663 | 1583 | 1508 | 1437 | 1307 | 1139 |
| 22 | 1837 | 1747 | 1663 | 1583 | 1508 | 1437 | 1307 | 1139 |
| 23 | 1837 | 1747 | 1663 | 1583 | 1508 | 1437 | 1307 | 1139 |
| 24 | 1837 | 1747 | 1663 | 1583 | 1508 | 1437 | 1307 | 1139 |
| 25 | 1837 | 1747 | 1663 | 1583 | 1508 | 1437 | 1307 | 1139 |
| 26 | 1837 | 1747 | 1663 | 1583 | 1508 | 1437 | 1307 | 1139 |
| 27 | 1837 | 1747 | 1663 | 1583 | 1508 | 1437 | 1307 | 1139 |
| 28 | 0 | 1747 | 1663 | 1583 | 1508 | 1437 | 1307 | 1139 |
| 29 | 1837 | 1747 | 1663 | 1583 | 1508 | 1437 | 1307 | 1139 |
| 30 | 1837 | 1747 | 1663 | 1583 | 1508 | 1437 | 1307 | 1139 |
| 31 | 1837 | 1747 | 1663 | 1583 | 1508 | 1437 | 1307 | 1139 |
| 32 | 1837 | 1747 | 1663 | 1583 | 1508 | 1437 | 1307 | 1139 |
| 33 | 1837 | 1747 | 1663 | 1583 | 1508 | 1437 | 1307 | 1139 |
| 34 | 1837 | 1747 | 1663 | 1583 | 1508 | 1437 | 1307 | 1139 |
| 35 | 1837 | 1747 | 1663 | 1583 | 1508 | 1437 | 1307 | 1139 |
| 36 | 1837 | 1747 | 1663 | 1583 | 1508 | 1437 | 1307 | 1139 |
| 37 | 1837 | 1747 | 1663 | 1583 | 1508 | 1437 | 1307 | 1139 |
| 38 | 1837 | 1747 | 1663 | 1583 | 1508 | 1437 | 1307 | 1139 |
| 39 | 1837 | 1748 | 1663 | 1583 | 1508 | 1437 | 1307 | 1139 |
| 40 | 1837 | 1748 | 1664 | 1584 | 1509 | 1438 | 1309 | 1142 |
| 41 | 1837 | 1848 | 1664 | 1585 | 1510 | 1440 | 1311 | 1145 |
| 42 | 1838 | 1749 | 1665 | 1586 | 1511 | 1441 | 1313 | 1148 |
| 43 | 1838 | 1750 | 1666 | 1587 | 1513 | 1443 | 1316 | 1152 |
| 44 | 0 | 1750 | 1667 | 1588 | 1514 | 1445 | 1318 | 1157 |
| 45 | 1839 | 1751 | 1668 | 1590 | 1516 | 1447 | 1322 | 1162 |
| 46 | 1840 | 1752 | 1669 | 1591 | 1518 | 1450 | 1325 | 1167 |
| 47 | 1841 | 1753 | 1671 | 1593 | 1520 | 1452 | 1329 | 1173 |
| 48 | 1841 | 1754 | 1672 | 1595 | 1523 | 1455 | 1333 | 1179 |
| 49 | 1842 | 1755 | 1674 | 1597 | 1526 | 1459 | 1338 | 1186 |
| 50 | 1843 | 1756 | 1675 | 1599 | 1528 | 1462 | 1342 | 1194 |
| 51 | 1844 | 1758 | 1677 | 1602 | 1532 | 1466 | 1348 | |
| 52 | 1845 | 1760 | 1680 | 1605 | 1535 | 1470 | 1354 | |
| 53 | 1847 | 1761 | 1682 | 1608 | 1539 | 1475 | 1360 | |
| 54 | 1848 | 1763 | 1684 | 1611 | 1543 | 1480 | ||
| 55 | 1849 | 1765 | 1687 | 1615 | 1547 | 1485 | ||
| 56 | 1851 | 1768 | 1690 | 1618 | 1552 | |||
| 57 | 1853 | 1770 | 1693 | 1623 | ||||
| 58 | 1854 | 1773 | 1697 | |||||
| 59 | 1857 | 1776 | ||||||
| 60 | 1859 |