Three Payment Plan

Three Payment Plan (3PP) Plus

Chartered Life Three Payment Plan (3PP) Plus

Provides high Insurance and attractive returns on your premium.

How does the Plan works?

The unique feature of the plan is that Chartered Life pays you 50% of the face amount (FA) much before the maturity of the policy. It combines both Death and Living benefits in the most beneficial and convenient manner to you or your beneficiary (ies).

The Living benefits consist of, among others, three (3) installment payments:

• 25% of the face amount is paid at the end of one third (1 -3^rd) of the term of the policy.
• Another 25% of the face amount is paid at the end of two – third (2 – 3^rd) of the term.
• The remaining 50% of the face amount is paid with Revisionary Bonus and Capital Growth Dividends (if applicable) at MATURITY.

The Death Benefit payment of the Full Face Amount along with Bonuses paid in the event of death at any time during the term of the policy. 3PP plus is available for 12, 15, 18, 21, or 24 years of co

Protection All Through:

Important, the 1^st and 2^nd installment amount has no bearing on the beneficiary (ies) in case of insured’s death. Event if the insured dies after the 2^nd installment has been paid, the beneficiary received the FULL FACE AMOUNT plus the accrued BONUSES. In the event of death, NO DEDUCTION is made for the installments already paid.

Payments Before Maturity

Two installments that you received before maturity can be used to meet any of your following needs. Or you can invest it wherever you want, to give you the maximum returns.

• Buy additional protection from Chartered Life.
• Reinvest in your business.
• Meet expenses for any emergency.
• Meet expenses for education and marriage of your children.
• Finance future premiums for the same policy
• Acquire assets
• Automatic transfer of those installments to buy single premium Endowment policy which has been especially developed for our 3PPP policy owners.

Bonuses & Dividends

Chartered Life’s 3PPP policy will participates in the profits declared in the from of Reversionary Bonuses. 3PPP Policies with terms 10 years and above are also entitled to capital Growth Dividends (Special Bonus). From the 2^nd Year onwards, all premiums paid by 3PPP policy owners start building the cash value of the policy and Chartered Life adds the applicable Bonus amounts to it. The Current Bonus rates may change in the future. However, the declared bonuses are paid at the time of maturity/ Death claim settlement. In cash the policy is surrendered, the cash value of Revisionary Bonus is payable.

 

 

Three Payment Plan (3PP) Plus

Anticipated Endowment Insurance (With Profit)

Premium Rate for Per Tk. 1000 (One Thousand) Sum insured

Term

Age	12	15	18	21	24
20	96.00	77.10	64.60	55.70	49.00
21	96.00	77.10	64.60	55.70	49.00
22	96.00	77.10	64.60	55.70	49.00
23	96.00	77.10	64.60	55.80	49.20
24	96.00	77.20	64.70	55.80	49.30
25	96.00	77.20	64.70	55.90	49.40
26	96.00	77.20	64.70	55.90	49.50
27	96.10	77.30	64.80	56.00	49.60
28	96.10	77.30	64.90	56.10	49.70
29	96.10	77.40	65.00	56.30	49.90
30	96.20	77.40	65.10	56.40	50.00
31	96.30	77.50	65.20	56.60	50.20
32	96.30	77.60	65.30	56.70	50.50
33	96.40	77.80	65.50	57.00	50.70
34	96.50	77.90	65.70	57.20	51.00
35	96.70	78.10	65.90	57.50	51.40
36	96.80	78.30	66.20	57.80	51.70
37	97.00	78.60	66.50	58.20	52.20
38	97.30	78.80	66.80	58.50	52.60
39	97.50	79.20	67.20	59.00	53.10
40	97.80	79.50	67.60	59.50	53.70
41	98.20	79.90	68.10	60.00	54.30
42	98.50	80.40	68.60	60.60
43	99.00	80.90	69.20	61.30
44	99.40	81.40	69.80	62.00
45	100.00	82.00	70.50
46	100.50	82.70	71.30
47	101.20	83.40	72.10
48	101.90	84.20
49	102.60	85.10
50	103.40	86.00
51	104.40
52	105.40
53	106.40