Sonali Lifetime Protection Plan

A reliable plan designed for the protection of you and your family's future.

Term of Policy

Introduction: Throughout life’s journey, one’s goal is to create a secure future and a comfortable lifestyle for self and one’s loved ones. How wonderful would it be if there is a product which can fulfil both short term as well as future horizon life needs. Whether it’s planning for a dream home in the near future, ensuring a good education for children through guaranteed income, enjoying the finer moments of life post-retirement, or creating a lump sum for your loved ones, rest assured your family will always be financially secured for a long time through “Sonali Lifetime protection plan.” It provides annual survival benefits from the end of the premium paying term till maturity and a lump sum payment at the time of maturity or on death of the policyholder during the policy term, provided all due premiums are paid. KEY FEATURES: Peace of mind for lifetime: *Enjoy whole life financial protection against death up to age 100. *Upon maturity the insured amount will be paid out as guaranteed benefit. *Guaranteed regular income of 5% of sum assured every year post completion of premium payment term. *Premium payment for limited period only, but the policy lasts for life. *You can choose riders to enhance the coverage benefits. PLAN ELIGIBILITY: 1) Minimum Sum assured: Tk. 200000, 2) Maximum Sum assured: Subject to Underwriting Policy, 3) Mode of premium: Yearly, Half-yearly, Quarterly and Monthly, 4) Minimum age at entry: 7 years completed, 5) Maximum age at entry: 55 years age next birthday, 6) Minimum Age at the end of premium paying term: 30 years, 7) Maximum Age at the end of premium paying term: 70 years, 8) Age at maturity: 100 years (nearest birthday), 9) Premium Paying Term: 10, 15, 20, 25 and 30 years.

On Maturity Benefit

On Maturity: On survival of the life assured for the entire policy term, we shall pay the basic sum assured, provided the policy is in force and all due premiums have been paid. The policy terminates on payment of maturity benefit.

Death Benefit

On Death (by all causes): In case of unfortunate death of the life assured before the maturity date, we will pay the sum assured to the nominee, provided the policy is in force and all due premiums have been paid. The policy terminates on payment of death benefit

Special Benefit

Survival Benefit: On the life assured surviving to the end of the premium paying term, provided all due premiums have been paid, a survival benefits equal to 5% of Basic Sum Assured shall be payable each year. The first survival benefit payment is payable at the end of premium paying term and thereafter on completion of each subsequent year till the Life assured survives or till the policy anniversary prior to the date of maturity, whichever is earlier.

Supplementary Cover

Rider Benefits: You can opt for optional rider benefit at inception of the policy. The following rider benefits are available with the product. But you have to continue to pay the premium of the rider plan till the individual reaches the age of 55 years. Available riders are 1. Accidental Death Benefit (ADB), 2. Permanent Disability & Accidental Benefit Policy (PDAB), 3. Waiver of Premium (WP), 4. Critical Illness Care (CIC), 5. Embedded Personal Accident Coverage (EPA).

Premium Rate Chart

Download the official rate chart PDF document.