Secure your child's future by covering educational expenses, offering life insurance for both parent and child, and ensuring financial support even in the parent's absence.
Provides life insurance for both the premium-paying parent and the child.
Ensures annual stipend for the child in case of the parent's death, until policy maturity.
Offers a lump sum payout with bonuses at maturity to support future goals like higher education.
Features & Eligibility
- Insurance Partner: National Life Insurance
- Type of Plan: It is an Endowment assurance plan for child protection.
- Child's Age at Entry: 6 months to 18 years
- Policy Holder/ Payer's Age: 21 - 55 years.
- Minimum Sum Assured: Tk. 3000/=
- Maximum Sum Assured: Based on socio-economic condition
- Child's Maximum Maturity Age: 30 years
- Policy Terms: 10 - 29 years
- Mode of Payment: Yearly, Half-yearly
- Income Tax: Income tax relief permissible.
- Supplementary Coverage: Not Applicable
- Premium Calculation: Click here to see to see Premium rates.
- Payer: The parent of the child is considered as the premium payer in this scheme. No one other than parents can be premium contributor in this scheme.
Indicative Premium
|
Annual Premium per 1 Lac BDT Policy |
|||
|
Current Age (in years) |
Age at Maturity of Policy |
||
|
50 |
55 |
60 |
|
|
30 |
5,142 |
3,989 |
3,263 |
|
35 |
7,030 |
5,214 |
4,091 |
|
40 |
10,816 |
7,136 |
5,362 |
|
45 |
N/A |
10,967 |
7,369 |
|
50 |
N/A |
N/A |
11,228 |
Benefits
|
After Commencement of policy if child dies within |
|
Benefits |
|
Not more than 1 year |
: |
20% of sum assured plus accrued bonus. |
|
More than 1 but not more than 2 years |
: |
40% of sum assured plus accrued bonus. |
|
More than 2 but not more than 3 years |
: |
60% of sum assured plus accrued bonus. |
|
More than 3 but not more than 4 years |
: |
80% of sum assured plus accrued bonus. |
|
More than 4 years. |
: |
100% of sum assured plus accrued bonus. |
For queries, claims & settlement, please feel free to contact:
