Guardian Nischit Pension Plan

People in all professions eventually have to leave their golden years of youth and retire from the professional life, although Life moves like a river flowing in the joy of sweet daily hope, financial security is most needed in daily life apart from Assurance of social shelter and compassion for seniors in the post retired life. It might not be possible to meet all of your Demands if you solely rely on resources and your kids to get through the time of emergency.

Thus, it is essential to develop strong preparations ahead of time for the consistent retirement income. In light of this fact of Life, Guardian Life has introduced the Assured Pension Plan.

Benefit of the Plan

Guaranteed pension will be paid for life on the maturity of the insurance plan or from the time of retirement of the insured person.
In case of premature death of the pension holder during the period of pension, the pension will be paid to the nominee of the pensioner, but up to a maximum of 10 years.
In case of death of the insured before the maturity of the insurance plan while the plan is in operation, a lump sum amount of 10 times of the annual pension will be paid to the nominee of the insured.
Loan facility: Loan up to maximum 90% of surrender/surrender value after at least 2 (two) years of repayment.
Income Tax Rebate Benefit: Benefit of 15% tax rebate on installments paid every year.
Insurance claim money is completely tax free

Plan features, Terms & Conditions

Term of Insurance Plan:
- Minimum Tenure: 05 years
- Maximum Tenure: 40 years
Minimum Annual Pension: BDT 24,000
Mode of Premium:
Annually, Semi-annually, Quarterly and Monthly
Age of Pension Holder:
- Minimum Age: 20 years
- Maximum Age: 55 years
Minimum Tenure: 05 years and Maximum Tenure: 40 years
Rider Benefits:
- Health Insurance (HI)
- Critical Illness Insurance (CI) Eligibility of Insured: The policy applicant must have own, valid and regular Income