Biennial Payment plan

Biennial payment plan is a very attractive plan of Alpha Islami Life Insurance Limited. For first time after 04 (four) years & then after every 02 (two) years the policyholder receives the said installment amount which helps the policyholder to meet up the instant needs. You can purchase the policy for 10, 15 and 20 years.

1. 20% of the sum assured at the end of 4th year, 6th year, & 8th year i.e. if the policy is enforced with in 08 (eight) years policyholders will receive after commencement of the policy 60% of the sum assured and rest 40% of the sum assured together with accrued bonuses shall be paid on maturity of the policy.
2. 15% of the sum assured at the end of 4th year, 6th year, 8th, 10th & 12th year i.e. if the policy is enforced with in 12 (twelve) years policyholders will receive after commencement of the policy 75% of the sum assured and rest 25% of the sum assured together with accrued bonuses on maturity of the policy.
3. 10% of the sum assured at the end of 4th year, 6th year, 8th, 10th, 12th, 14th, 16th & 18th year i.e. if the policy is enforced with in 18 (eighteen) years policyholders will receive after commencement of the policy 80% of the sum assured and rest 20% of the sum assured together with accrued bonuses on maturity of the policy.

In case of any financial crisis after paying two years annual premium, policy holder can turn it as a paid up policy with decreased Sum Assured, the policy acquired surrender value. If policyholder wishes he/she can avail a loan up to a maximum of 90% of the surrender value. Minimum sum assured for this plan shell be BDT. 30,000/- (Taka thirty thousand) only.
This plan allows you to add on one or more of the following supplementary insurance facilities :

• Accidental Death Benefit (ADB).
• Permanent Disability & Accidental Benefit (PDAB).
• Critical Care (CC)
• Waiver of Premium (WP)
• Plus
• Income Benefit Rider (IBR)

Note:

• You shall get income tax rebate on the deposited premium under this scheme and insurance claim amount in also tax free.
• Under this policy you can also pay the premium on Half Yearly, Quarterly & Monthly basis by multiplying the Annual premium rate by 0.525, 0.275 and 0.0925 respectively.

Rate Chart

Premium Rate Per 1,000/- Sum Assured