Monthly savings insurance plan

Introduction: This scheme is consistent with the financial consolidation of the low-income population.

Insurance numbers Tk
Term 6 years and 3 years
Age of entry 3 to 5 years
Age at maturity 3 years (maximum)
Payment method Monthly

Advantages:

On maturity If the insured survives till the maturity of the insurance, the insurance premium is paid to the insured along with the earned bonus.
Execution If the insured dies during the term of the insurance, the insurance number is paid to the nominee (s) with the accrued bonus.
Income tax
  • Income tax concession is available on the accumulated premium at the time of filing of personal income tax return.
  • The death claim is income-free.

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Author: bdupdatednews24

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