Plan 7: Single Premium Insurance Plan

Features:

Guardian Life Insurance Limited is launching this insurance plan in order to ensure economic freedom for the policyholder’s family and for a policyholder to receive double the sum assured in the shortest time. This plan is beneficial and dependable especially for the non residential people of Bangladesh for whom paying premiums in installments could be a hassle and paying one single premium is a privilege. The policyholder can effectively plan for the amount needed for his/her children’s education and marriage  The term of this insurance plan is 6, 7,8,9,10,11,12,13,14 and 15 years and the maximum age limit to receive claims is 60 years.

 

Benefits:

 

•     The policyholder will receive twice the basic sum assured at the end of the maturity of the policy term

•     The nominee of the policyholder will receive twice the basic sum assured on death of the policyholder before the maturity of the term

•     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.

•     The policyholder will attain Surrender Value if the policy is enforced for two years.

 Terms and Conditions:

 

•     The minimum age of a policyholder has to be 18/20 years and the maximum age is 54 years.

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

•     A policyholder cannot receive the benefit of Double indemnity accident Benefit (DIAB) and Permanent Disability and Accidental Benefit (PDAB) under this plan.

 

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”