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Product    Individual (Akok Bima)    Single Premium Policy

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Preparing for the unforeseen contingencies and minimizing the risk of loss is the prior concern while taking up an insurance policy. Single payment insurance is a simple insurance plan introduced to you by National Life Insurance to take you a step ahead. For those who wish to take up an insurance policy but unwilling to disburse a regular payment rather pay the total premium at a time, this has proved to be a very useful policy. In this plan, one has to pay the premium only once when accepting the policy for the whole term and after maturity or death within the term of policy, the policy holder will get double of the sum assured.


Features & Eligibility:

Types of plan: It is One Premium Assurance Plan.
Minimum entry age: 18 years
Maximum entry age: 56 years
Minimum sum assured:Tk. 15,000/=
Maximum sum assured:Based on socio-economic condition
Minimum maturity age: 24 years
Maximum maturity age: 62 years
Policy terms: 6, 8, 10, 12 & 15 years
Mode of payment: Only once while taking the policy.
Premium Calculation : Premium rate chart (per thousand) given in the brochure.
Supplementary rider :No rider.


On Survival: Double of the sum assumed amount is payable.
On Death: The nominee is payable twice the sum assured amount.
For funeral/ burial:On death of policy holder 20% of the claimed amount is payable on the confirmation with death certificate within three (3) working days. This cannot be more than 50,000 taka. It will be deducted from the total claimed amount.
Surrender value:In this plan policy holder can surrender the policy. Then, surrender value is calculated by multiplying the surrender factor with double the amount of sum assured.

Supplementary Insurance Brochure

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