Chartered Life - Single Premium Classic

for 6 years

Coverage up toBDT 136,000

Premium - BDT 100,000

Maturity Value (after 6 years) Maturity Value (after 6 years) BDT 136,000
Tax Rebate (up to) Tax Rebate (up to) BDT 15,000
  • Number of Insured: 1
  • An individual person can take multiple number of policies
  • Age Limit: 18 to 60 Years
  • For death during the facility tenure, claim will be settled as:
Death within 2nd Year BDT 110,000
Death between 2 to 4 Years BDT 115,000
Death after 4th Year BDT 120,000
  • Surrender Value: Any customer may surrender his/her policy any time after completion of 24 months period. Surrender value shall be the account value (deposited amount + any interest earned in flat rate – any expenditure related to the policy) only. All other guideline provided by IDRA will be applicable.
  • Loan Amount: Any Insured may avail 80 % of surrender value of the said policy as loan after completion of 24 months period. 14% interest accumulated interest shall be applicable on outstanding loan
  • Income Tax Rebate: Insured will get certificate for Premium deposit which can be used for Income Tax rebate.

No benefit shall be paid under this Contract for expenses or losses resulting from or incurred in connection with or in consequence of the following:

Waiting Period:

  • For Natural Death: 30 days from the date of registration
  • For Accidental Death: 7 days from the date of registration

General Exclusions:

  • All pre-existing disease related to all types of coverage in the first year of the policy
  • Death caused by self-inflicted injury or the commission of or attempted commission of an assault or any unlawful act, or being engaged in any illegal activity or felony
  • By participating in any types of illegal activities
  • Suicide while sane or insane
  • The condition of Acquired Immune Deficiency Syndrome (AIDS), or any AIDS related illness or HIV virus
  • Any congenital infirmity
  • Mental, emotional or psychiatric disorders, alcoholism or any other narcotic addiction
  • Fracture and trauma due to physical assault, injury arising due to accident while participating in any unlawful activities (e.g., driving a car without a license), attempted suicide, violation or attempted violation of the law, injuries willfully or intentionally self-inflicted or due to insanity or under the influence of a drug
  • Participating in competitions, races, contest, matches, on land, air or sea; pot-holing, paragliding, bungee jumping, parachuting and/or scuba diving
  • Mental, emotional or psychiatric disorders, alcoholism or any other narcotic addiction
  • Injury arising due to accident while participating in any unlawful activities (e.g., driving a car without a license), attempted suicide, violation or attempted violation of the law, injuries willfully or intentionally self-inflicted or due to insanity or under the influence of a drug