Assurance-cum-Pension and Medical Benefit Plan
Plan for retirement income and medical support. This non-participating plan provides a pension and medical allowance from the selected retirement age, with life cover before pension commencement.
A plan designed around your priorities.
Plan for retirement income and medical support. This non-participating plan provides a pension and medical allowance from the selected retirement age, with life cover before pension commencement.
Understand your benefits.
Key features translated and organized from the supplied product brochure.
Pension and medical allowance
A pension is payable from the selected retirement age until death. The annual medical allowance is 10% of the annual pension.
Minimum guaranteed payment period
Pension and medical allowance are payable for at least 10 years. If the insured dies within this period, the remaining guaranteed payments are payable to the nominee.
Death before pension starts
If the insured dies before pension commencement, the nominee is entitled to a lump sum equal to 10 times the annual pension. The nominee may choose to receive the amount in pension form, as described in the brochure.
Total permanent disability
If the insured becomes totally and permanently disabled during the policy term, future premiums are waived while policy benefits remain in force, subject to policy conditions.
Commutation option
Up to 50% of the annual pension and medical allowance may be commuted at pension commencement or within one year, at the company's prescribed rate. The commuted amount is deducted from future pension and medical benefits.
Supplementary cover
DIAB supplementary cover may be taken. The brochure says its annual premium is determined using a sum assured equal to ten times the annual pension.
Paid-up and surrender value
After at least two years of premium payments, the policy may acquire paid-up and surrender values. A loan of up to 90% of surrender value may be available.
Tax treatment
The brochure states that premiums may qualify for tax relief and policy claim proceeds are tax-exempt, subject to applicable tax laws.
Premium rates & payment options.
Annual premium for each BDT 1,000 pension plus BDT 100 medical allowance, varying by age nearest birthday and selected retirement age.
The supplied brochure presents annual premium rates per BDT 1,000 of annual pension and BDT 100 of annual medical allowance.
Age-wise annual premium rate table
Premium rate per BDT 1,000, as applicable to this plan.
The source premium schedule is reproduced from the supplied brochure to preserve the original figures. Its printed table headings and labels are in Bengali; the plan information and explanations on this page are in English. Please contact the company for a verified English quotation.
Need help choosing this plan?
Contact Sunflower Life Insurance for eligibility, a current premium quotation and the full policy terms.
This plan is described as Without Profits. The premium schedule in the brochure is organized by age and selected retirement age. All benefits, eligibility requirements, premium rates, exclusions and conditions are subject to the approved policy wording and applicable regulations. This page is an English summary of the supplied brochure, not an insurance contract or a premium quotation. In case of any difference, the issued policy document and the company's official confirmation will apply.
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