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Products of Guardian Life Insurance

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1. 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 the 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.

Benefits of the Plan:

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

  • In the first phase, 20% of the basic Sum Assured, one-fourth of the maturity period
  • In the second phase, the next 20% of the basic Sum Assured, half of the maturity period
  • In the third phase, the next 20% of the basic Sum Assured, three-fourths of the maturity period
  • In the fourth phase, the remaining 40% of the basic Sum Assured and the bonus / pro¬fit will be paid
  • In case of the 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 the 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 an insurance loan.
  • Income Tax Rebate: The insurance customer will get an 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: 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)
  • Hospital Insurance (HI)
  • Critical Illness Insurance (CI)
Eligibility of Insured:
  • The policy applicant must have their own, valid and regular income

2. Guardian Money Back

A smart insurance plan where you will get back your deposited basic premium topped-up with 25% of coverage amount at the term-end. The additional cash helps you meet your priorities with more ease. Plan your child’s higher education or for the down payment of your home. Even redo your home décor or even fund your child’s marriage.

Benefits of the Plan
  • Upon maturity of the plan, the policyholder will get a survival benefit, which is 25% of the sum assured along with all the paid premium returned
  • If the policyholder dies while the policy is in force and before the maturity of the policy, the nominee of the policyholder will get the full Sum Assured
  • Hospitalization benefit: Enjoy hospitalization benefits up to 5 Lac for Yourself and every family member [Spouse & Child] individually
  • Critical Illness Coverage: 18 Critical Illness Coverage for self up to 10 Lac
  • 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 an insurance loan.
  • Income Tax Rebate: The insurance customer will get an 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 : 10, 15 and 20 years
  • Sum Assured : Minimum Sum Assured: BDT 1,00,000
  • Age of Insured : Minimum Age: 20 years, Maximum Age: 50 years
  • Mode of Premium : Annually, Semi-annually, Quarterly and Monthly
Rider benefit:
  • Double Indemnity and Accidental Benefits (DIAB)
  • Permanent Disability and Accidental Benefits (PDAB)
  • Hospital Insurance (HI)
  • Critical Illness Insurance (CI)
Eligibility of Insured:
  • The policy applicant must have their own, valid and regular income

3. Guardian Nischit Pension Plan

People in all professions eventually have to leave their golden years of youth and retire from 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 a consistent retirement income. In light of this fact of Life, Guardian Life has introduced the Assured Pension Plan.

Benefits 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 the annual pension will be paid to the nominee of the insured.
  • 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 an insurance loan.
  • Income Tax Rebate: The insurance customer will get an 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 : Minimum Age: 05 years, Maximum Age: 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
  • Tenure: Minimum Tenure : 05 years, Maximum Tenure: 40 years
Rider Benefits:
  • Hospital Insurance (HI)
  • Critical Illness Insurance (CI)
Eligibility of Insured:
  • The policy applicant must have their own, valid and regular income

4. Guardian Child Protection Plan

Guardian Child Protection Plan is an education plan for your starlet to keep his / her future education miles away from financial hardship. It is the best plan for you, your child and your family that includes a splendid admixture of benefits that will secure every stage of your child’s growth.

Benefits of the Plan

If the guardian [parent] dies while the plan is in force before the maturity of the insurance plan, then the insured child will get the following benefits:

  • 15% of the Sum Assured will be provided to the legal guardian at a time.
  • 1% of the sum assured will be paid to the legal guardian every month as a stipend/scholarship till the maturity of the plan.
  • All future premiums will be waived.
  • Full Sum Assured on maturity including accrued bonus/bonus shall be paid to the designated legal guardian.
    • The duration of the plan at the time of the death of the child Sum Assured
    Up to 06 months 25% of the Sum Assured
    More than 06 months but less than 12 months 50% of the Sum Assured
    More than 12 months but less than 24 months 75% of the Sum Assured
    More than 24 months 100% of the Sum Assured
  • If both the guardian [parent] and the child survives the maturity of the insurance plan, the entire sum assured will be paid to the guardian along with the accrued bonus/bonus.
  • If the insured child dies during the period of stipend payment/scholarship, then the stipend/scholarship will cease and the entire Sum Assured will be paid to the nominated legal guardian along with the bonus/gains earned at maturity.
  • Loan facility: Loans up to maximum 90% of surrender/surrender value can be availed after at least 2 [two] years of installments.
  • Income Tax Rebate Bene¬t: 15% tax rebate bene¬fit on the amount paid every year.
  • Insurance claim money is completely tax free
Plan Features, Terms & Conditions
  • Term of Insurance Plan : Minimum Tenure: 10 years, Maximum Tenure: 25 years
  • Sum Assured : Minimum Sum Assured: BDT 1, 00,000
  • Child's Age : Minimum Age : 06 Months [180 Days],Maximum Maximum age cannot exceed 25 years at maturity of the plan
  • Parent's Age : Minimum Age: 20 years, Maximum Age: 55 years. The maximum age of the guardian cannot exceed 70 years at the time of completion of the plan
  • Mode of Premium : Annually, Semi-annually, Quarterly and Monthly
Rider Benefits:
  • Hospital Insurance (HI)
  • Critical Illness Insurance (CI)
Eligibility of Insured:
  • The policy applicant must have their own, valid and regular income