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Products of Pragati Life Insurance

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1. Endowment Plan

Particulars Pragati Life Insurance ( 3 & 6 Year Endowment)
Age Band
  • Minimum: 18 Years (completed)
  • Maximum:

    - 55 years (nearest birthday) (for 3 year endowment)

    - 60 years (nearest birthday) (for 6 year endowment)

  • At Maturity, age cannot exceed 70 [Seventy] years.
Term/Tenure
  • 12, 15, 18 & 21 Years (for 3 year endowment)
  • 12 Years (for 6 year endowment)
Premium Mode
  • Yearly/Half-Yearly/Quarterly (for 3 year endowment)
  • Yearly/Half-Yearly/Quarterly/Monthly (for 6 year endowment)
Sum Assured
  • Minimum BDT 1,00,000/- [One Lac]
Bonus
  • Applicable
Partial Maturity
  • Applicable @ 25%, 25% and 50% (for 3 year endowment)
  • Applicable @ 10%, 10%, 10%, 10%, 10% and 50% (for 6 year endowment)
Supplementary Contracts/Riders
  • Supplementary Benefits: Supplementary Benefits PDAB, ADB, HI, CI can be added with this Plan by paying extra premium.
  • Not any limit on Supplementary Benefits
At Maturity
  • At maturity, rest 50% of Sum Assured with accrued bonus. (for both 3 & 6 year endowment)
Before Maturity

If the life assured survives after the specified durations during the policy term, following fixed percentage of the Basic Sum Assured is payable.


For 3 Year Endowment:

(i) After completion of the 1/3 of the term of the policy 25% of Sum Assured.

(ii) After completion of the 2/3 of the term of the policy 25% of Sum Assured.

Upon receiving the first and/or second and/or third pay-out, if the policy owner/policyholder dies, while the policy is active then the nominee shall be provided with the full sum assured along with the accrued bonus


For 5 Year Endowment:

(i) After completion of the 1/6 of the term of the policy, 10% of Sum Assured.

(ii) After completion of the 2/6 of the term of the policy, 10% of Sum Assured.

(iii) After completion of the 3/6 of the term of the policy, 10% of Sum Assured.

(iv) After completion of the 4/6 of the term of the policy, 10% of Sum Assured.

(v) After completion of the 5/6 of the term of the policy, 10% of Sum Assured.
Particulars Coverage(3 year endowment) Premium(BDT) Premium Mode
• Death 10,00,000 68,650 Total Yearly Premium: BDT 1,16,300

Total Half-Yearly Premium: BDT 58,150

Total Quarterly Premium: BDT 29,075

Total Monthly Premium: BDT 9,692
• Permanent Disability & Accidental Benefits 10,00,000 3,500
• Critical Illness [Self] 10,00,000 4,150
• Hospitalization [Self] 5,00,000 13,000
• Hospitalization [Spouse] 5,00,000 9,000
• Hospitalization [Child-1] 5,00,000 9,000
• Hospitalization [Child-2] 5,00,000 9,000
• Maternity [Spouse] *Conditions Apply
• Projected Bonus • 10,81,000/-
Projected Bonus based on previous year’s profit of BDT 5,700 per BDT 1,00,000 of Sum Assured per year of policy tenure + BDT 5,500 per BDT 1,00,000

2. Pension Plan

Particulars Pragati Life Insurance
Age Band • Minimum: 26 Years (completed)
• Maximum: 59 years (nearest birthday)
Term/Tenure • Tenure: 6-29 Years
Premium Mode • Yearly, Half-yearly, Quarterly.
Yearly Pension • Any amount will be entitled
Premium Payment Age • Maximum 60 [Sixty] years.
Pension Earning Age • Minimum 50 [Fifty] years.
Bonus • Not Applicable
Partial Maturity • Not Applicable
Supplementary Contracts/Riders • Supplementary Benefits: If the proposer takes extra life coverage then Supplementary Coverage can be added in this plan by paying extra premium.
• Not any limit on Supplementary Benefits
During Pension Earning Period • After end of term of the policy, quarterly pension will be paid up to life time of the policyholder or guaranteed 10 (Ten) years.
• If the policyholder passes away within the guaranteed 10-years of starting pension, the nominee will receive regular pension payments for the remaining years
During Premium Payment Period • In the event of the payer’s death within the term of the policy:

a) Full refund of all deposited premiums in case of the policyholder's death within the policy term but before starting the pension payment.
b) Extra Life Risk Coverage (if any): The Sum assured will be payable if the policyholder death before commencement of pension payment and reaching the age of 60 years.
Particulars Coverage Premium(BDT) Premium Mode
• Death 10,00,000 290,814 Total Yearly Premium:BDT 3,38,464

Total Half-Yearly Premium:BDT 169,232

Total Quarterly Premium:BDT 84,616

Total Monthly Premium:BDT 28,205
• Permanent Disability & Accidental Benefits 10,00,000 3,500
• Critical Illness [Self] 10,00,000 4,150
• Hospitalization [Self] 5,00,000 13,000
• Hospitalization [Spouse] 5,00,000 9,000
• Hospitalization [Child-1] 5,00,000 9,000
• Hospitalization [Child-2] 5,00,000 9,000
• Maternity [Spouse] *Conditions Apply
• Projected Earning Term • Till Death

3. Child Protection Plan

Particulars Pragati Life Insurance
Age Band • Child: Minimum 1 [One] month, at maturity maximum age cannot be more than 25 [Twenty-Five] years; and
• Parent: Minimum 21 [Twenty One] years to maximum 50 [Fifty) years, at maturity age cannot exceed 70 [Seventy] years.
Term/Tenure • Minimum 10 [Ten] years; and
• Maximum 25 [Twenty-Five] years.
Premium Mode • Yearly, Half-yearly, Quarterly and Single.
Sum Assured • Minimum BDT 1,00,000/- [One Lac]
Bonus • Applicable
Partial Maturity • Not Applicable
Supplementary Contracts/Riders • Not Applicable
At Maturity • The parent shall get the full sum assured along with the earned bonus.
Before Maturity • In the event of the payer’s death within the term of the policy:

a) Instantly his/ her family will received 10% of Sum Assured.
b) The assured child will receive a monthly stipend on 1% of Sum Assured until expire of the policy if assured alive.
c) All premiums will be waived in future.
d) At maturity, paid full Sum Assured with accrued bonus.
• In the event of the assured child’s death within the term of the policy as below:

a) Up to 6 [Six] months of the policy term/tenure: 25% of the sum assured
b) More than 6 [Six] months but less than 12 [Twelve] months of the policy term/tenure: 50% of the sum assured
c) More than 12 [Twelve] months but less than 24 [Twenty-Four]
d) More than 24 [Twenty-Four] months of the policy term/tenure: 100% of the sum assured
e) Upon maturity, the entire sum assured will be paid to the nominated legal guardian with the earned bonus

4. Health Insurance:

Particulars Pragati Life Insurance
Age Band • Entry: A healthy individual age range between 18-60 years
• Primary Applicant- 18 Years
• Children – 90 Days (Must be taken with at least 1 Parent)
Term/Tenure • Policy term is 1 Year to 15 Years and renewable up to 65 years of age.
Premium Mode • Single
Covered Amount • BDT 500,000 and 1,000,000
Bonus • Not Applicable.
Partial Maturity • Not Applicable
Supplementary Contracts/Riders • Permanent disability and accidental benefits for self-up to BDT 10,00,000/- [Ten Lac];
• Critical illness: 8 Critical Illness Coverage for self-up to BDT 5,00,000/- [Ten Lac]; and
• Hospitalization benefits up to BDT 5,00,000/- [Five Lac] for self and every family member [Spouse and Child] individually.
At Maturity • Not entitled any maturity benefit
Benefits
Benefit Policy-1 Policy-2
Life Risk Amount 500,000 1,000,000
Hospitalization 500,000 1,000,000
ICU/CCU/HDU 5,000 10,000
In Patients hospitals Cost At Actual At Actual
Surgical Expense Limit Full Reimbursement Full Reimbursement
Ambulance Expense 2,000 2,000
15 Days pre hospitalization, investigation & Consultation fees Full Reimbursement Full Reimbursement
30 Days pre hospitalization, investigation & Consultation fees Full Reimbursement Full Reimbursement
Investigation (In Patients) Full Reimbursement Full Reimbursement
Consultation Fees (In patients) 2,000/Day 4,000/Day
Ancillary Services Maximum 25,000 50,000
Particulars Coverage Premium(BDT)
• Death 10,00,000 3,010.00
• Permanent Disability & Accidental Benefits 10,00,000 3,500.00
• Critical Illness [Self] 5,00,000 2,600.00
• Hospitalization [Self] 5,00,000 13,000.00
• Hospitalization [Spouse] 5,00,000 13,000.00
• Hospitalization [Child-1] 5,00,000 9,000
• Hospitalization [Child-2] 5,00,000 9,000
• Maternity [Spouse] *Conditions Apply
• At Maturity • Not entitled any maturity benefit