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Financial Products

Endowment Plan.

 

Its a safest and surest method of guaranteed cash provision either at a specified time or at death (Allah forbid). Under these policies, the sum insured plus bonuses are payable at the end of the specified number of years or at death of the life insured if earlier. Premiums are payable for the specified number of years or till death, if earlier.

Three Payment Plan.

 

This is a modified form of endowment assurance and is also called "Three Payment Plan". Besides fulfilling the long-term financial needs, it also helps in meeting the short-term financial exigencies. As the name suggests, the plan offers three payments throughout term of the policy.

The plan offers survival benefits equal to 25% of sum insured on completion of 1/3 and 2/3 term of the policy. If the policyholder does not withdraw the survival benefits, a very attractive special reversionary bonus is available.

On completion of term of the policy, the remaining 50% sum insured plus accrued bonuses shall be payable. if the life insured expires during term of the policy, sum insured, accrued bonuses, unclaimed survival benefits and special reversionary bonuses are payable.

The plan is suitable for the individuals who have long-term financial needs but also anticipate requirement of money relatively earlier. three payment plan helps fulfilling these short-term financial needs without terminating the actual contract.

Sadabahar Plan.

 

Sadabahar is an anticipated endowment type with-profit plan that provides lump sum benefit at certain stages during the premium-paying term or on earlier death. in addition, this plan has a built-in Accidental Death Benefit (ADB) rider so that the policyholder gets and additional sum assured in case of death due to an accident.

this plan is a safe instrument for cash provision at the time of need. With this plan, the policyholder can secure greater protection and continued prosperity for the family at an affordable cost.

admissible ages and terms this plan is available to all member of the general public, aged from 20 to 60 years nearest birthday. both males and females may purchase this plan. terms offered under this plan are 12,15,18,21,24,27 and 30 years.