The following documents are mandatory for policy application:

• Applicant:
  • Copy of National ID (NID)
  • 1 color passport-size photograph
  • Proof of income (Required only if the Sum Assured exceeds BDT 10 Lacs)
• Proposed Nominee:
  • Copy of National ID (NID)
  • 1 color passport-size photograph
• Legal Guardian (where the nominee is a minor):
  • Copy of National ID (NID)
  • 1 color passport-size photograph

A. Living Benefits (Partial & Full Maturity)

The policy is structured to provide liquidity at crucial intervals:

• Partial Maturity Benefit I: 25% of the Sum Assured is paid after completing one-third of the Policy Tenure.
• Partial Maturity Benefit II: 25% of the Sum Assured is paid after completing two-thirds of the Policy Tenure.
• Final Maturity Benefit: The remaining 50% of the Sum Assured, along with the accrued bonus (actual profit or loss will be added), is paid at the end of the policy term.

B. Death Benefit

• In case of the insured's death while the policy is in force, the full Sum Assured, along with the accrued bonus (actual profit or loss will be added), will be paid to the nominee(s). This is paid even if the first and/or second partial maturity benefits have already been received.

C. Other Key Features

• Surrender Value: The policy holder can apply for the surrender value after paying a minimum of 2 years of premium.
• Paid-Up Value: The policy acquires a Paid-Up Value after continuing for at least 2 years. This value is payable with the accrued bonus at the end of the policy term.
• Tax Benefits:
  • Policy holders can receive a 15% income tax rebate on the premium paid annually, as per government income tax policy.
  • Death and living claim amounts are completely tax-free.

D. Loan Facilities

• Automatic Policy Loan (APL): If a premium payment is missed, the APL feature automatically utilizes the policy's cash value to cover the premium (subject to Terms & Conditions), preventing the policy from lapsing.
• Karje Hasana (Interest-free Insurance Loan): Up to 90% of the net cash surrender/surrender value can be taken as an interest-free loan.

You can enhance your basic life insurance plan by adding one or more of the following supplementary rider benefits:

• Accidental Death Benefits (ADB)
• Accidental Death & Disability (AD & D)
• Akij Health Care Assure plan (HI)
• Akij Critical Illness Care Plan (CI)
• Akij Waiver of Premium (WOP)