Provident Fund Long Service Award Plan

A pension plan or retirement plan is designed to cater to your financial needs & requirements post-retirement, including medical emergencies, household expenses, and other living costs. Investing in the best retirement plans is essential to safeguard your golden years. Retirement and pension plans are financial instruments that can shape your hard-earned income into savings for your post-retirement life. It comes in various forms to cater to a multitude of savings and investment goals, enabling a financially stable retired life. Keeping these features in mind, Sonali Life presents a pension Policy for you called Provident Fund Long Service Award plan which will ensure financial protection up to the age of maturity and provide a corpus to generate income during retirement. Terms and Conditions: 1) Sum assured : Initial Annual Cost to Company (CTC). i.e Cost to Company (CTC) refers to the total salary package of the employee in a year. 2) Min Sum assured: Tk. 1,00,000 3) Mode of premium: Monthly. 4) Minimum age at entry: 18 years complete. 5) Maximum age at entry: 55 years age next birthday. 6) Maximum maturity age: 60 years complete. 7) Minimum Term: 5 years. 8) Maximum Term: 20 Years up to age 60 years.