Plan 6: Money Back Term Insurance- with Guaranteed Bonus Policy

Features:

Considering the development of the insurance industry as well as the economic protection of the policyholders’ families, Guardian Life Insurance Limited has introduced this new plan, the main purpose of which is to take more risk at less premium rate. The policyholder will receive return of all premiums during the term of the policy and 25% of basic sum assured on maturity of the policy. The policyholder will also receive full sum assured on death within the term of the policy. The terms of this plan are 10, 15 and 20 years and the maximum age limit to receive claims is 60 years.

 

Benefits:

•     The policyholder will receive return of all premiums during the term of the policy and 25% of basic sum assured on maturity of the policy.

•     The policyholder will also receive full sum assured on death within the term of the policy

•     A policyholder can receive the benefit of Double indemnity accident Benefit (DIAB) and Permanent Disability and Accidental Benefit (PDAB) under this plan.

•     There is income tax rebate available on the premium in this policy, and the money received from the insurance claim is also income tax free.

Terms and Conditions:

•     The minimum age of a policyholder has to be 18/20 years and the maximum age is 50 years.

•     There are no rebates available on the rates listed in this plan.

•     There are no premium rebates available for a large sum policy.

•     Premiums are taken yearly, but premiums can also be given in a quarterly and half yearly basis 

•     Half yearly premium installments: annual premium x 0.525

•     Quarterly premium installments:  annual premium x 0.275

 

Video Spotlight

Guardian's Values

Tapan Chowdhury- Square

“The Sponsors of the company, BRAC, Apex and Square are known for good governance and reliable services and we are here to bring a positive change in this industry by sharing our experience”

 

Syed Manzur Elahi- Apex

“The intellectual skill and the goodwill that the sponsors BRAC, Square and Apex bring is the basis of trust for our valued customers: A promise is a promise and we have always delivered our promise”

 

Sir Fazle Hasan Abed- BRAC

“BRAC has been successful in taking the service of micro financing to the lower income sector of the country,; we intend to do the same in life insurance through this company in a few years time; life insurance for all would be our motto”