Guardian 4 Stage Plan

In most life insurance plans, the Sum Assured is paid to the policyholder at maturity. But people might need money at any time in their uncertain lives, like for child education, marriage, investment, or savings. Guardian Life Insurance Limited has introduced Guardian 4 Stage plan, considering the needs of the customers, so that the Sum Assured is paid to the customer at different stages of the insurance period. With our Four Stage Plan, you can secure your future while enjoying the benefits of insurance and savings.

This plan provides a flexible and liquid savings option, allowing you to achieve your dreams and milestones while ensuring financial protection for yourself and your loved ones. In our four stage plan, the Sum Assured is paid at a fixed rate at four stages of the insurance period rather than at the end of the insurance period so that the policyholder can meet urgent financial needs. It should be noted here that at the end of the term, the remaining Sum Assured, along with the earned profit, is also paid.

Benefit of the Plan

The principal sum assured along with earned profit paid in 4 installments, subject to the plan being in operation before and during the maturity of the insurance policy

In first phase, 20% of the basic Sum Assured, one-fourth of the maturity period.
In second phase, next 20% of the basic Sum Assured, half of the maturity period
In third phase, next 20% of the basic Sum Assured, three-fourth of the maturity period
In fourth phase, the remaining 40% of the basic Sum Assured and the bonus / profit will be paid
In case of death of the policyholder while the plan is in force before the maturity of the insurance plan even after accepting the first, second and third partial maturity, the full sum assured along with accrued bonus/bonus will be paid to the nominee of the policyholder.
In case of death of the policyholder before the maturity of the policy while the policy is in effect, the entire sum assured along with accrued bonus/bonus will be paid to the nominee of the policyholder
Surrender Value: The insured customer can apply for the surrender value of the insurance policy at any time after paying at least 24 monthly premiums.
Loan Facility: Up to 90% of the net cash surrender/surrender value can be taken as insurance-loan.
Income Tax Rebate: The insurance customer will get income tax rebate on the premium paid as per the income tax policy of the government.
Insurance claim money is completely tax free

Plan Features, Terms & Conditions

Term of Insurance Plan: 12, 16, 20 and 24 years Sum Assured: Minimum Sum Assured is BDT 1, 00,000
Age of Insured:
- Minimum Age: 20 years
- Maximum Age: 53 years
Mode of Premium: Annually, Semi-annually, Quarterly and Monthly.
Rider Benefits: Permanent Disability and Accidental Death (PDAB), Health Insurance (HI),
Critical Illness Insurance (CI).
Eligibility of Insured: The policy applicant must have own, valid and regular income