Plan 8: Assurance cum Pension Plan.


With time, people of every profession tend to move from a working youth phase to a static retired phase. In this stage, human beings not only require social shelter and assurance of empathy, but most importantly, they require economic protection. The foundation of that required protection has to be laid in this working youth phase. Keeping in mind this reality of life, Guardian Life Insurance Limited has launched this pension insurance plan. To build the blocks of a economically fluent and peaceful life for you, this plan will ensure that a policyholder receives a specified sum assured for 50 to 60 years until death of the policyholder.


•     In this scheme, the policyholder receives pension from the end of the term of the maturity till death

•     The assurance of receiving pension is 10 years, i.e., once the pension starts and the policyholder dies, his/her nominee(s) will continue to receive pension for 10 years

•     If the policyholder dies before the beginning of the pension, then his/her nominee(s) will receive 10 times the sum of the highest yearly pension.

•     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:

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

•     Half yearly premium installments: annual premium x 0.525

•     Quarterly premium installments:  annual premium x 0.275

•     Monthly premium installments: annual premium x 0.0925

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

The extra premium (if applicable) has to be calculated after specifying 10 times the sum of the yearly pension


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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”