Hajj Bima

Hajj Bima

Every Muslim dream to perform Hajj at least once in a lifetime being the compulsory religious duty. But, most of the Muslims cannot perform it due to their financial inability and appropriate financial plan. A planned monthly deposits under Hajj Insurance Plan shall build up a sufficient amount of fund for performing your dream Hajj. All the funds collected under this scheme are invested in accordance with Shariah-based banking systems. In case of death of the customer during the term of insurance, the amount deposited in the Mudaraba Fund along with the profit will be paid to the nominee.


Benefits:

Performing Hajj is an expensive religious activity for the people of our country, and there are many religious people who cannot manage required money to perform Hajj during their lifetime. Protective Islami Life Insurance Ltd. has accommodated a policy named Hajj Bima – with Profit, under it’s coverage one policyholder will be able to accumulate his / her required expenses at the end of policy period. The policyholder can utilize the maturity benefit for performance of Hajj or for any other purpose. Besides, the nominee of the policyholder will receive full sum assured on death of the policyholder within the term of the policy together with bonuses accrued up to the date of his/her death.


This policy extends the opportunity to perform Holy Hajj and Umrah by making provision for the occasion.


Sum Assured Minimum TK.1,00,000
Policy Term Any period between 10 to 25, 30 and 35 years
Age at commencement Minimum 20 years, Maximum 55 Years
Age at maturity 70 years (max)
Mode of payment Quarterly, Half-yearly, Yearly
Benefits
Income/ Investment All earned premium from this policyholder will be invested to the banks operated under Islamic Shariah.
Maturity benefit On the survival of the insured till the end of the term full Sum Assured with accrued bonuses will be paid to the insured.
Investment The insured can avail the investment facility (maximum 90% of Surrender/ Encashment value) after completion of 2(two) years.
Surrender The insured can avail Surrender/ Encashment value after completion of 2(two) years.
Income Tax The Policyholder gets tax rebate facility against the paid policy premium.
Death claim is tax free.
5% tax will be deducted from the net profits the Policyholder gets from the insurance company at the time of maturity payment.
Rider Cover Policyholder can take additional rider coverage as follows:
1. Double Indemnity Accident Benefit (DIAB) and
2. Permanent Disability and Accident Benefit (PDAB)