Denmohar Bima

Denmohar Bima

Denmohor must be paid to your wife according to Islamic Laws. You can pay it to your wife in cash or equivalent property. Denmohor Bima’s features encompasses a very good plan of savings and insurance coverage which ensure your payment of denmohor to your beloved wife after a fixed time. Any person can take this policy before or after marriage.


This scheme is managed on the basis of Mudaraba and Tabaru accounts. Full amount of insurance is paid on maturity along with profit. The nominee of the policyholder will receive full amount of insurance on death of the policyholder within the term of the policy together with bonuses accrued up to the date of his death.


This policy helps to build a protection for wife’s, right of Mohrana.


Sum Assured Minimum Tk. 50,000
Policy Term 10 to 25, 30 and 35 years
Age at commencement 55 years (Max)
Age at maturity 70 years (max)
Mode of payment Quarterly, Half-yearly or Yearly
Rider Cover Policyholder can take additional rider coverage as follows:
1. Double Indemnity Accident Benefit (DIAB) and
2. Permanent Disability and Accident Benefit (PDAB)
Policy Holder Unmarried man can take the policy, but, after marriage the wife must be Nominee.
Beneficiary Must be policy holder’s wife.
Benefits
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.
Death benefit On death of the insured during the term of the policy Sum Assured with accrued bonuses will be paid to the nominee(s).
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.