Jiban Bima Corporation

7/27/2019 Jiban Bima Corporation

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WELCOME TO OUR

PRESENTATION


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iCARUS GROUP


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JIBAN BIMA CORPORATION


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Schemes availableSerial No Schemes

1 Anticipated Endowment Insurance With Profit Plan-05

2 Anticipated Endowment Insurance Without Profit Plan-25

3 Child Endowment Insurance Without Profit Plan-47

4 Child Protection Policy With Profits Plan-095 Double Protection Insurance With Profit Plan-10

6 Endowment Assurance With Profit Plan-03

7 Endowment Assurance Without Profit Plan-23

8 Grameen Jiban Bima With Profit Plan-91

9 Granted Bonus Endowment Insurance Plan-48

10 Group Endowment Assurance

11 Group Term Insurance

12 Joint Life Endowment Insurance With Profit Plan-08

13 Marriage Endowment Policy Plan-07

14 Money Back Term Insurance Policy Plan-50 (Without Profit)

15 Multiple Payment Policy With Profit Plan-0616 Pension Policy Plan-12

17 Progressive Premium Policy With ProfitPlan-04

18 Single Premium with Profit Plan-17

19 Swanirber Bima (Single Premium Policy) Plan-52

20 Term Insurance Without Profit Plan-51

21 Whole Life Assurance With Profits Plan-01

22 Whole Life Assurance Without Profits Plan-21

23 Overseas Assurance Plan With Profit

24 Mortgrage Protection Policy Without Profit

25 Monthly Saving Scheme With Profit

26 Monthly Saving Scheme Without Profit

27 Triple Protection Policy


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Anticipated Endowment Insurance With P

Anticipated Endowment Insurance With Profit

Feature:

Policies issued for 12, 15, 18, 21, 24 and 30 years term.

Paid-up and surrender Value:

Paid-up and surrender value are also available under this plan.

Survival Benefits:

25% of sum assured (without bonuses) is available at the end of period equal to one third oterm.

25% of sum assured (without bonuses) is available of the end of a period equal to two-thiterm and

Final payment of 50% of the sum assured (with full bonuses in case of with profit) at the e


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Death Benefits:Full sum Assured +Acquired Bonuses (In case of with profit policies).

Plan Parameter

Minimum Maximum

Entry Age(year) 20 50

Sum Assured(Taka) 1000 No limit

Term(Year) 12 30

Mode of payment Maximum Maturity Age Policy Loan Available

Monthly, Quarterly, Half-

yearly, Yearly

70 Yes


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Child Endowment Insurance Without Pro

Feature

1. Sum assured is payable on maturity of the policy.

2. On death, total premium paid is refunded to the assured with 2% simple interest.

3. No surrender value and policy loan are available under this plan.

Survival Benefits:The Sum Assured is payable on maturity.Death benefits

1. Policyholder premium ceases.

2. Full sum assured is paid at the expiry of the selected term to the child nominated in


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Plan Parameter

Mode of Payment Maximum Maturity Age Policy loan andsurrender value

Yearly, Half-yearly,

quarterly, Monthly

60 years Not available

Min Max

Entry Age(years) 25 50

Sum Assured(Taka) 1000 No Limit

Term(Year) 10 21


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Child Protection Policy With Profits Plan

Features:

Polices under this plan are issued jointly on the life of a child and the payer.

Mature at the age 18 to 25 of the child while the minimum age at entry of the child is sixmaximum of 17 years.

Maximum maturity age of child is 25 years minimum 18 years.

Survival Benefits:

The sum assured with bonuses is payable on survival of the policy holder (Payer) and t

Death benefits:

If the payer dies before the maturity of the policy, the premium ceases and the child is


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Endowment Assurance With Profit/withou

Feature

Moderate Premiums

High liquidity

Savings Oriented

Endowment assurance is the surest and the safest method of guaranteed cash provisiospecified time or at death.

Policy under this plan acquires paid-up value, loan and surrender value after premium for two/three consecutive years.


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Benefits:Survival benefits:Full sum assured + acquired bonuses (in case of with profit).

Death benefits:Full sum assured + acquired bonuses (in case of with profit).


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Grameen Jiban Bima With Profit Plan

This plan is ideal for farmers, workers.

Policy under this plan acquires paid-up loan and surrender values after premium has btwo/three consecutive years.

Benefits:

Maturity Benefits:

Sum Assured + Acquired bonuses.

Death benefits:Sum Assured + Acquired bonuses.


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Plan Parameter

Min Max

Entry Age 20 40

Sum assured 1000 10000

Term(year) 10 25

Mode of Payment Max Maturity Age Policy Loan Available

Yearly, Half yearly,

quarterly, monthly

70 years Yes


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Individual Pension Policy Plan

Pension scheme has been designed to keep the financial certainty in retired life.

Benefits:

Survival Benefits:Monthly pension is payable for a guaranteed period of 10 years and for life thereaftertime of retirement if Policyholder desires 50% of monthly pension may be commutedimmediate cash payment.

Death benefits:If death occurs before retirement/maturity 15 times of one annual premium or all preexcept 1st year premium are refundable with 7% simple interest per annum which evgreater.


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Plan Parameter

Min Max

Entry Age 20 50

Monthly Pension(Taka) 1000 30000 for professionalperson and 50000 for

business man

Term(years) 10 40

Mode of payment Maximum Maturity Age Policy loan availableYearly, half-yearly 60 years yes


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Joint Life Endowment Insurance With Pro

Feature:

Issued on lives of two persons and simultaneously cover the risk on the lives of both ththe same sum assured.

Benefits:

Survival Benefits:Sum assured + Accrued Bonuses.

Death benefits:Sum assured + Accrued Bonuses.


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Plan Parameter

Min Max

Entry Age 20 50 for male

40 for female

Sum Assured 10000 No limit

Term(year) 10 35

Mode of payment Maximum maturity age Policy Loan Available

Yearly, half-yearly,quarterly, monthly

70 Yes


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Money Back Term Insurance Policy Plan

Feature:

This is a comprehensive term insurance plan providing for death cover during a specifprovision for refunding the premium paid in case of survival at the end of the term.

The policy will not acquire a paid-up value.

Surrender value is also available after payment of 6 years premium.

Survival Benefits:Refund of the total premium paid (excluding extra premium if any) on survival at the en

Death benefits:Sum assured


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Plan Parameter

Min Max

Entry Age 20 45

Sum assured 50000 500000

Term(year) 10 20

Mode of Payment Maximum Maturity Age Policy Loan available

Yearly 60 years Yes


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Marriage Endowment Policy PlanProvision under this scheme either for the marriage or educational expense in

particular or any other requirement of the policyholder's children.

Premium under this plan is considerable low.

Under this plan the policy matured only at the end of the selected term.

Maturity Benefits:Basic Sum assured along with acquired bonuses would be payable to the

selected children surviving till the end of the term.

Death benefits:If the life assured dies before selected term full sum assured + bonuses ispayable at the end of the selected term of the policy to the selected child.


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Plan Parameter

Min Max

Entry Age 20 50

Sum Assured No limit No limitTerm(year) 5 20

Mode of payment Maximum Maturity Age Loan Policy available

Yearly, half-yearly,

Quarterly, Monthly

scheme

65 years Yes


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Single Premium With Profits Plan

Features:

Under this plan a single premium is paid against each Tk.1000.00 Sum Assuredfor the desired term of the policy ranging from 5 years to 40 years term. The policymatures either at the end of the selected term or at death if it occurs earlier.

Under this plan there is no doubt that one has to pay much more than usualEndowment plan, but the advantage is that the very first payment of premium

guarantees the desired security.

Surrender value under this plan can be quoted on request.


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Maturity benefits:

Sum Assured + Acquired Bonuses

Death benefits:

Sum Assured + Acquired Bonuses

Entry Age 20 50

Sum Assured 1000 No limit

Term(Year) 65 years Yes

Mode of payment Max Maturity Age Policy Loan Available

Single Premium 65 years Yes


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Group InsuranceFeatures:

It covers a group of individuals who are associated together through somecommon features such as the employees of a company, a group of professionalpeople etc.

Two types of group insurance are available.

i. Group Term Insurance

ii. Group Endowment Assurance


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Group Term Insurance:-

Group Term Insurance provides for payment of assured money in case of deathof any employee during the term of the policy. There is no maturity benefit.

Benefits:

Survival Benefits:

No survival benefit is available.

Death benefits:

Sum Assured


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Plan Parameter

Min Max

Entry Age 20 25

Group 50 No limit

Sum Assured 10 times of basic

salary

50 times of basic

salary

Term(year) 1 5

Mode of Patment Max. Maturity Age Policy Loan Available

Yearly 60 No


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Group Endowment Assurance:

Group Endowment Assurance provides for payment of insured money at theexpiry of the policy term or at earlier death.

Three types of Group Endowment Assurance:

a. Group Endowment Assurance-with profit and also without profit.

b. Group Variable Endowment Assurance:25% Survival Benefit and 100% DeathBenefit

50% Survival Benefit and 100% Death Benefit.

c. Group Endowment Assurance with refund of premium:50% refund of premium

75% refund of premium

100% refund of premium.


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Benefits:

Survival Benefits:

a. Group Endowment: - Sum Assured + Bonuses (in case of with profit policy)

b. Group Variable Endowment: -25% of Sum Assured +Bonuses (in case of withprofit policy)

50% of Sum Assured +Bonuses (in case of with profit policy)

c. Group Endowment Assurance with refund of premium50% refund of premiumpaid

75% refund of premium paid

100% refund of premium paid

Death benefits:

Sum assured + Bonuses (in case of with profit policy) for all type of Policies.


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Plan Parameter

Min Max

Entry Age 20 58

Group(Number) 10 No limit

Sum Assured 10 times of basic salary 50 times of basic salary

Term(Year) 60 years No

Mode of payment Minimum Maturity Age Policy Loan Available

Yearly 60 years No

Documents

Jiban Bima Corporation