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Product    Janabima    Child Protection Insurance

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Child Protection JANABIMA Policy of National Life Insurance Co. will insure both you and your child under the same policy even if you don’t have a lot of income. Should the child loss you before the policy matures, all the future premiums will be waived, yet the full sum insured and Bonuses will be paid to the child on the maturity of the policy. The child is offered a variety of security under this plan.


CHILD PROTECTION INSURANCE PLAN

(with profit)

Features & Eligibility:


Types of Plan: It is an Endowment assurance plan for child protection.
Child's minimum age: 6 months.
Child's maximum age at entry: 18 years.
Minimum sum assured: Tk. 6,000/=
Maximum sum assured:Tk. 50,000/=
Child's minimum maturity age: 18 years.
Child's maximum maturity age: 30 years.
Policy terms: From 10, 15 & 20 years.
Mode of Payment: Monthly.
Premium Calculation:Premium rate chart given in the brochure.
Payor's age:21 to 41 years.



Benefits:


After Commencement of policy if child dies within(Years)Benefits
Not more than 1 20% of sum assured plus accrued bonus.
More than 1 but not more than 240% of sum assured plus accrued bonus.
More than 2 but not more than 360% of sum assured plus accrued bonus.
More than 3 but not more than 480% of sum assured plus accrued bonus.
More than 4100% of sum assured plus accrued bonus.


# On death of policy holder within the term future premiums will be waived. For annual premium of Tk. 1000/= an allowance of Tk.100/= is payable on survival of the insured child or till the day of child's death before the expiry of term and after maturity of the policy sum assured is payable with accrued bonus.
# On survival of both child and payor full sum assured with accrued bonus is payable after maturity.



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