Shanta Depositor’s Protection Plan (SDPP)
We all dream of a prosperous and secure future for ourselves and our families. To safeguard those dreams, proper planning and protection are essential.
The “Shanta Depositor's Protection Plan (SDPP)” is an integrated insurance solution where regular savings help build the foundation for your future. At the same time, life insurance, accident coverage, and hospital benefits provide financial support in unexpected situations.
Key Benefits
- Maturity Benefit
Up on maturity, 100% of the account value will be paid for any plan. - Life Insurance Protection
In the unfortunate event of the insured person's death during the policy period, financial benefits will be provided to the beneficiary. - Accidental Additional Coverage
If the insured person dies or becomes permanently and totally disabled due to an accident during the policy period, the policyholder or beneficiary will receive the lower of either twice the sum assured of the base policy or BDT 1 crore as financial support. - Special Discount on Medical Services
Enjoy special discounts at Shanta Life’s partner hospitals and diagnostic centers. - Special Discounts at Hotels and Restaurants
Special price discounts at Shanta Life’s partner hotels, resorts, and restaurants. - Loan Facility
After paying regular premiums for at least 3 years, policyholders can apply for a loan against the policy, up to 80% of the policy’s surrender value. - Tax Rebate Benefit
According to the laws of Bangladesh, the policy premium will be considered an approved investment for tax rebate purposes against payable income tax. This benefit may change over time in accordance with prevailing regulations. For detailed guidance, please consult your tax advisor.
Pick the Plan That
Matches Your financial goals, SDPP offers two different plans:
|
|
Prime |
Signature |
|
Maturity Benefit |
✔ |
✔ |
|
Life Insurance Protection |
✔* |
✔** |
|
Accidental Additional Insurance Coverage |
✔ |
✔ |
* If there are no outstanding premiums, upon the death of the insured person, the higher of either the account value or the total premiums paid will be paid to the beneficiary.
** If there are no outstanding premiums, upon the death of the insured person, the higher of either the account value or the sum assured of the base policy plan will be paid to the beneficiary.
SDPP – Signature
Minimum Entry Age
18 years
Maximum Entry Age
60 years
Age at Maturity
70 years
Policy Term
Available for any term between 5 to 25 years.
Premium Payment Mode
- Annual
- Semi-Annual
- Quarterly
- Monthly
Features:
Maturity Benefit
At maturity, the policyholder will receive 100% of the policy’s account value.
Life Insurance Coverage
In the unfortunate event of the insured person’s death during the policy period, the beneficiary will receive the higher amount between the policy’s account value and the sum assured of the base policy.
Accidental Additional Insurance Benefit
If the insured person dies or becomes permanently and totally disabled due to an accident during the policy period, the policyholder or beneficiary will receive the lower of either twice the sum assured of the base policy or BDT 1 crore as financial support.
SDPP – Prime
Minimum Entry Age
18 years
Maximum Entry Age
60 years
Age at Maturity
70 years
Policy Term
Available for any term between 5 to 25 years.
Premium Payment Mode
- Annual
- Semi-Annual
- Quarterly
- Monthly
Features:
Maturity Benefit
At maturity, the policyholder will receive 100% of the policy’s account value.
Life Insurance Coverage
In the unfortunate event of the insured person’s death during the policy period, the beneficiary will receive the higher amount between the policy’s account value and the total premiums paid.
Accidental Additional Insurance Benefit
If the insured person dies or becomes permanently and totally disabled due to an accident during the policy period, the policyholder or beneficiary will receive the lower of either twice the annualized premium times Policy term of the base policy or BDT 1 crore as financial support.
Clarification of Roles of the Bank and the Insurer
Under the applicable Bancassurance arrangement, Eastern Bank PLC (EBL) conducts marketing and distribution of insurance products as an authorized corporate agent. The underwriting, issuance, and all liabilities arising under the terms and conditions of the respective insurance policies are borne by Shanta Life Insurance PLC.
For any queries, service requests, or claim settlement matters relating to insurance policies, customers are requested to directly contact the following address:
Shanta Life Insurance PLC
Shanta Western Tower, Level 10
186, Bir Uttam Mir Shawkat Sarak
Tejgaon Link Road, Dhaka-1208, Bangladesh
Customer Care: 09610889900 (Service Hours: 9:00 AM – 9:00 PM, Sunday to Thursday) Email: [email protected] | [email protected]
Website: www.shantalife.com
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