This section outlines the minimum and maximum age requirements for the life assured.

• Age at Commencement: From 18 years up to 64 years.
• Age at Maturity: Maximum 70 years.

The following documents are mandatory for policy application:

• Applicant's Identification:
  • Copy of the National ID (NID).
  • One color passport-size photograph.
• Nominee's Identification:
  • Copy of the proposed nominee's National ID (NID).
  • One color passport-size photograph of the proposed nominee.
• Minor Nominee's Guardian (If Applicable):
  • Copy of the National ID (NID) of the legal guardian.
  • One color passport-size photograph of the legal guardian.
• Proof of Income (Conditional):
  • Required only if the Sum Assured exceeds BDT 10 Lacs.

This section defines the key structural features and payment terms of the plan.

The plan offers several comprehensive benefits and facilities:

A. Takaful Benefits

• Maturity Benefit: On maturity, the policyholder receives the full Sum Assured plus the Accrued Bonus (actual profit or loss will be added).
• Death Benefit: If the policy is in force, the nominee(s) will receive the full Sum Assured plus the Accrued Bonus (actual profit or loss will be added) upon the death of the life assured.

B. Financial Facilities

• Surrender Value: Available any time after paying premiums for a minimum of 2 years.
• Paid-up Value: Acquired after continuing the policy for at least 2 years. The Paid-up Value, along with the Accrued Bonus, is payable at the end of the policy term.
• Karje Hasana (Interest-free Insurance Loan): Policyholders can avail an interest-free loan up to 90% of the Net Cash Surrender/Surrender Value.
• Automatic Policy Loan (APL): A feature that automatically utilizes the policy's cash value to cover a missed premium, preventing the policy from lapsing (Terms & Conditions apply).

C. Taxation Benefit

• Income Tax Rebate: Policyholders are eligible for a 15% income tax rebate on the premium paid every year, as per government income tax policy.
• Tax-Free Claims: Death and living claim amounts are completely tax-free.

D. Investment

• The premium collected is invested in profitable sectors while strictly adhering to Shariah principles.

You can choose one or more rider benefits to add your basic life insurance plan:

• 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)