Anticipated Endowment (5 Stage Payment) Insurance Plan
Anticipated Endowment (5 Stage Payment) Insurance Plan - With Profit
For making future life prospective 05 (five) stage plan of Alpha Islami Life Insurance Limited is an attractive plan. Policyholder gets his/her whole Sum Assured with profit by 05 (five) installments during the policy term which helps the policyholder to meet instant family emergency expenses. You can purchase the policy for 10, 15, 20 and 25 years. During the policy term by following rates 05 (five) installments shall be paid out:
10% of the sum assured at the end of one-fifth of the premium payment term.
15% of the sum assured at the end of two-fifth of the premium payment term.
20% of the sum assured at the end of three-fifth of the premium payment term.
25% of the sum assured at the end of four-fifth of the premium payment term.
And rest 30% of the basic sum assured together with accrued bonuses shall be paid out at the maturity of the premium payment.
In case of any financial crisis after paying two years annual premium, policy holder can turn it as a paid up policy with decreased Sum Assured, the policy acquired surrender value. If policyholder wishes he/she can avail a loan up to a maximum of 90% of the surrender value. Minimum sum assured for this plan shall be BDT. 30,000/- (Taka thirty thousand) only. This plan allows you to add on one or more of the following supplementary insurance facilities :
Accidental Death Benefit (ADB)
Permanent Disability & Accidental Benefit (PDAB)
Critical Care (CC)
Waiver of Premium (WP)
Income Benefit Rider (IBR)
• You shall get income tax rebate on the deposited premium under this scheme and insurance claim amount is also tax free. • Under this policy you can also pay the premium on Half Yearly, Quarterly & Monthly basis by multiplying the Annual premium rate by 0.525, 0.275 and 0.0925 respectively.