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Scheme
Pramila DPS Scheme: Half of the total population of Bangladesh is women. Most of the women live in villages. Most of them are poorly educated and do not have independent income. Again, there are some who are highly educated and wealthy. All women, including poorly educated and highly educated, need economic, political, social and administrative empowerment.
At the same time, the insurance policy has given importance to women in insurance. The Life Insurance Corporation is going to formulate a new scheme with special benefits for women with the aim of economic, political, social and administrative empowerment of women and realizing the importance of insurance policy.
Features:
1. Although the name of this insurance is Pramila DPS Scheme, both men and women can take this insurance.
2. The first pregnancy clause that is common for women’s lives will not be applicable in this insurance.
3. Premium has to be paid in monthly installments. However, a maximum of one year (12 months) of premium can be paid in advance at a time.
4. This insurance policy can be taken for any period between a minimum of 5 years and a maximum of 15 years.
5. The minimum entry age is 18 years, the maximum entry age is 55 years. The maturity age will not be more than 60 years.
For this new scheme, only a prescribed form has to be filled as a proposal. Proof of age must be submitted along with the proposal.
6. No medical examination report has to be submitted for this insurance.
7. Minimum monthly deposit is Taka 100/- (one hundred) Maximum monthly deposit is Taka 10,000/- (ten thousand).
8. At the end of the term, the sum assured (including profit) will be paid to the policyholder. In case of premature death of the policyholder, the sum assured along with the profit earned will be paid to the nominee.
9. Income tax rebate will be available on the premium paid.
10. Surrender and loan can be taken in this insurance.
11. Only option “C” will be applicable in the premium payment method in this insurance.
12. No rebate will be given in this insurance on large sums of insurance and payment method.
Rural Life Insurance (With Benefits)
Any person including low-income people of Bangladesh, farmers-laborers, cooperative animal husbandry, fishermen, blacksmiths, potters, weavers, etc. can avail the benefits of life insurance at minimal cost under this scheme. The main objective of the Rural Life Insurance Scheme is to provide financial security to the working people and it is undoubtedly capable of extending the benefits of insurance to the general public in rural Bengal.
Special Benefits
(1) The premium rate is very low compared to other policies.
(2) This plan provides a maximum policy of up to 20,000.00 taka.
(3) Since this policy is generally provided under insurance without medical examination, the age of the insured at the time of entry will be limited to a maximum of 40 years. A satisfactory proof of age must be provided with the proposal letter.
(4) The premium of this policy can also be paid in annual, half-yearly and quarterly installments.
(5) Even if the insured fails to pay any subsequent premium on time after two years of operation, the policy will not lapse. With the help of Extended Term Insurance, the risk will remain valid for the next twelve months from the date of issue and during this period the insured can activate the insurance policy by paying the outstanding premium along with interest. If the policyholder fails to pay the outstanding premium along with interest within this extended period, the policy will automatically be converted into a paid-up policy.
(6) Like other life insurance policies, income tax rebate is available on the premium paid for this insurance.
(7) Even the lowest income earners living in cities can take advantage of this scheme.
(8) No rebate is given on the large sums and premium payment method in this list.
(9) If the premium is paid in quarterly installments, an additional 0.50 taka per thousand will have to be charged.
(10) Bonus is given as profit.
(11) Any farmer can easily take the policy if he has cash in hand after the new crop has grown.
Personal pension insurance policy
Personal Pension Insurance Policy:
Professionals and working people naturally want to be assured of a carefree, prosperous, peaceful life in retirement. When there is no guarantee of regular income in adulthood, a pension insurance policy provides regular monthly income. Our pension insurance plan has been designed keeping in mind the financial needs of retirement. People engaged in any profession can take this policy. One of its main attractions is the provision of financial security for the family in case of premature death during working life, which is not possible through any other savings medium.
Pension Insurance Benefits:
At the same time, financial security of life insurance in case of premature death during working life and provision of death pension for retirement life.
If the insured dies within 10 (ten) years of the commencement of pension payment, the pensioner’s nominee (nominee) is guaranteed to receive pension for the remaining period of ten years.
If the insured dies naturally before the stipulated date of commencement of pension payment, a one-time payment of the higher amount of the following options is guaranteed to the nominee,
Related topics: Multi-Instalment Insurance (With Benefits)
Post tag: scheme, life mission scheme, medishield life scheme, life insurance, the scheme, postal life insurance scheme.
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