Products of SLICL


Name of the Plan 1 : Endowment Assurance Plan With Profits
Term of the Policy : 10/15/20/25/30/35 years in terms of applicant's age.
Supplementary Cover : DIAB, PDAB
On Maturity : Only if the policy status is active up to the maturity period, the policy holder will receive full sum assured together with accrued bonuses on maturity at end of the term.
In case of assured's death during policy term : Only if the policy status is active, the nominee of the policyholder will receive full sum assured on death of the policyholder within the term of the policy together with bonuses accrued up to the date of his/her death.
Special Benefits : NIL
Name of the Plan 2 : Anticipated Endowment Assurance Plan - 3 Stage With Profits
Term of the Policy : 12/15/18/21 or 24 years in terms of applicant's age.
Supplementary Cover : DIAB, PDAB
On Maturity :

Only if the policy status is active, The following benefits are payable.

1. a) 25% of Sum Insured on ------------------

        (Basic Sum Assured at the end of one-third of the premium payment term)

    b) 25% of Sum Insured on ------------------

        (Basic Sum Assured at the end of two-third of the premium payment term)

    c) 50% of Sum Insured with bonus on ------------------ (Remaining 50% of the Basic Sum Assured together with accrued bonus on maturity at the end of the term)

 

2.         Surrender and paid-up value will fluctuate after each payment of survival benefit. 

In case of assured's death during policy term :

Only if the policy status is active, the nominee of the policyholder will receive full sum assured on death of the policyholder within the term of the policy together with bonuses accrued up to the date of his/her death.

Special Benefits :
NIL
Name of the Plan 3 : Anticipated Endowment Assurance Plan - 5 Stage With Profits
Term of the Policy : 10/15/20/25/30 years in terms of applicant's age.
Supplementary Cover : DIAB, PDAB
On Maturity :

Only if the policy status is active, The following benefit are payable

1. a) 10% of Sum Insured on ------------------------------------- (Basic Sum Assured at the end of one-third of the premium payment term)

b) 15% of Sum Insured on ------------------------------------- (Basic Sum Assured at the end of two-third of the premium payment term)

c) 20% of Sum Insured on ------------------------------------- (Basic Sum Assured at the end of two-third of the premium payment term)

d) 25% of Sum Insured on ------------------------------------- (Basic Sum Assured at the end of two-third of the premium payment term)

e) 30% of Sum Insured with bonus on ----------------------- (Remaining 30% of the Basic Sum Assured together with accrued bonus on maturity at the end of the term)

2. Surrender and paid-up value will fluctuate after each payment of survival benefit.
In case of assured's death during policy term : Only if the policy status is active, the nominee of the policyholder will receive full sum assured on death of the policyholder within the term of the policy together with bonuses accrued up to the date of his/her death.
Special Benefits :

Name of the Plan 4 : Ordinary Insurance Plan Without Profits
Term of the Policy : 10/15/20/25/30 & 35 years in terms of applicant's age.
Supplementary Cover : NIL
On Maturity : Only if the policy status is active up to the maturity period, the policy holder will receive full sum assured on maturity at end of the term.
In case of assured's death during policy term : Only if the policy status is active, the nominee of the policyholder will receive full sum assured on death of the policyholder within the term of the policy.
Special Benefits : NIL
Name of the Plan 5 : Money Back Term Insurance Benefit With Profit Granted
Term of the Policy : 10/15/20 years in terms of applicant's age.
Supplementary Cover : NIL
On Maturity : Only if the policy status is active up to the maturity period, the policyholder will receive Paid Premium together with 25% of basic Sum Assured at end of the term.
In case of assured's death during policy term : Only if the policy status is active, the nominee of the policyholder will receive full sum assured on death of the policyholder within the term of the policy.
Special Benefits : NIL
Name of the Plan 7 : Education Expense Assurance Plan with Profits
Term of the Policy : 5-15 years in terms of applicant's age.
Supplementary Cover : NIL
On Maturity : Only if the policy status is active, stipend to meet the educational expense will commence at the end of the policy term. The stipend will continue for ten consecutive years, which will increase at the rate of 7% p.a. compounded every year. In addition, bonuses at the declared rate will be payable on the full sum assured.
In case of assured's death during policy term : Only if the policy status is active, If the life assured dies within the policy term no further premiums are payable. Education assistance allowance will be paid from the date of the death of the life assured till the end of the policy term. Educational assistance allowance will be equal to the amount of first year stipend.
Special Benefits : The duration of the stipend can be changed to less or more than ten years provided term should be between five to fifteen years in which case the premium rates will be proportionate to the tabular rates. For example, if the term of the stipend is fixed at six years the premium rates will be sixty percent of the tabular rates, and if the term of the stipend is fixed at fifteen years the premium rates will be one hundred fifty percent of the tabular rates.
Name of the Plan 8 : Ordinary Endowment Insurance With Profits
Term of the Policy : 10-35 years in terms of applicant's age.
Supplementary Cover : DIAB, PDAB 
On Maturity : Only if the policy status is active up to the maturity period, the policy holder will receive full sum assured together with accrued bonuses on maturity at end of the term.
In case of assured's death during policy term :

Only if the policy status is active, the nominee of the policyholder will receive full sum assured on death of the policyholder within the term of the policy together with bonuses accrued up to the date of his/her death.

Special Benefits : NIL
Name of the Plan 13 : Monthly Savings Assurance Plan With Profit
Term of the Policy : 10-25 years in terms of applicant's age.
Supplementary Cover : NOT APPLICABLE
On Maturity : Only if the policy status is active up to the maturity period, the policy holder will receive full sum assured together with accrued bonuses on maturity at end of the term.
In case of assured's death during policy term : Only if the policy status is active, the nominee of the policyholder will receive full sum assured on death of the policyholder within the term of the policy together with bonuses accrued up to the date of his/her death.
Special Benefits : NIL
Name of the Plan 6 : Child Protection Assurance Plan with Profits
Term of the Policy : 10-20 years in terms of applicant's age.
Supplementary Cover : NIL
On Maturity : If the life of the assured and the child both survive till the end of the policy term full basic sum assured together with bonuses are payable, only if the policy status is active up to maturity period.
In case of assured's death during policy term : If after the death of the life assured the child dies within the term of the policy no benefits are payable within the term but full basic sum assured together with bonuses are payable.
Special Benefits :

If the life assured (father or mother) dies within the term of the policy no further premiums will be payable. In such an event the following benefits are payable:
    a) 1 (one) percent of the sum assured as stipend till the end of the policy term.
    b) Full sum assured together with bonuses at the end of the policy term.
    c) If the child dies before the maturity of the policy the following benefits will be payable: 


Policy term completed at the time of child death



Benefits

Not more than 6 months: 24% of the basic sum assured

More than 6 months but not exceeding 12 months: 50% of the basic sum assured

More than 12 months but not exceeding 24 months: 75% of the basic sum assured

More than 24 months: 100% of the basic sum assured


Name of the Plan 9 : Single Premium Insurance Plan Without Profits
Term of the Policy : 6/8/10/12/15 years in terms of applicant's age.
Supplementary Cover : NIL
On Maturity : The policyholder will receive twice the basic sum assured on maturity of the policy.
In case of assured's death during policy term : The nominee of the policyholder will receive twice the basic Sum Assured on death of the policyholder before the maturity of the policy.
Special Benefits : NIL
Name of the Plan 10 : Assurance Cum Pension Plan Without Profits
Term of the Policy : Pension amount will received when policyholder’s age will be 55/56/57/58/59/60.
Supplementary Cover : NIL
On Maturity : Only if the policy status is active up to the maturity period, the policyholder will receive annual pension stated in the policy documents for a guaranteed period of ten years and as long as he or she is alive thereafter on maturity at end of the term.
In case of assured's death during policy term : Only if the policy status is active, the nominee of the policyholder will receive ten times the amount of annual pension on death of the policyholder within the term of the policy.
Special Benefits : When the pension holder dies within 10 years of the start of the pension the total amount of pension for rest of 10 years time will be paid to the nominee together. If the nominee wishes to receive this money as retrieve pension for rest of 10 years, he/she can choose to do so.
Name of the Plan 11 : Denmohar Bima With Profits
Term of the Policy : 10-35 years in terms of applicant's age.
Supplementary Cover : DIAB, PDAB 
On Maturity : Only if the policy status is active up to the maturity period, the policy holder will receive full sum assured together with accrued bonuses on maturity at end of the period in terms of settlement of  Denmohor.
In case of assured's death during policy term : Only if the policy status is active, the nominee of the policyholder will receive full sum assured on death of the policyholder within the term of the policy together with bonuses accrued up to the date of his/her death.
Special Benefits : NIL
Name of the Plan 12 : Hajj Bima With Profits
Term of the Policy : 10-35 years in terms of applicant's age.
Supplementary Cover : DIAB, PDAB 
On Maturity : Only if the policy status is active up to the maturity period, the policy holder will receive full sum assured together with accrued bonuses on maturity at end of the term.
In case of assured's death during policy term : Only if the policy status is active, the nominee of the policyholder will receive full sum assured on death of the policyholder within the term of the policy together with bonuses accrued up to the date of his/her death.
Special Benefits : NIL
Name of the Plan 14 : Monthly Savings Micro Insurance Plan With Profit
Term of the Policy : 10-25 years in terms of applicant's age.
Supplementary Cover : NOT APPLICABLE
On Maturity : Only if the policy status is active up to the maturity period, the policy holder will receive full sum assured together with accrued bonuses on maturity at end of the term.
In case of assured's death during policy term : Only if the policy status is active, the nominee of the policyholder will receive full sum assured on death of the policyholder within the term of the policy together with bonuses accrued up to the date of his/her death.
Special Benefits : NIL

Head office

Rupali Bima Bhaban,
7 RAJUK Avenue,
Dhaka-1000.

Extended Office

68/B D.I.T. Road, Malibagh Chowdhury Para, Dhaka-1219.

Contacts

Customer Support: 01976625488, 01976625499
IP Phone: 09678200004
e-mail: info@sonalilife.com

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