Child Protection Plan

Term: 10 – 25 Years

Sum Assured: Any amount of sum assured starting with minimum of BDT 1,00,000

Age of the Child: Minimum 6 months or 180 days (At Maturity, maximum age can’t be more than 25 years)

Age of the Guardian: 20 – 55 years (At Maturity, age of the policyholder can’t exceed 70 years)

Premium Payment Method: Yearly, Half-yearly, Quarterly and Monthly

Premium Conversion Rate:

1. Yearly to Monthly = Yearly Premium X 0.0925
2. Yearly to Quarterly = Yearly Premium X 0.275
3. Yearly to Half Yearly = Yearly Premium X 0.525

Supplementary Insurance Facilities:

This plan allows you to avail any or multiple of the following supplementary insurance facilities:

1. Health Insurance (HI)
2. Insurance for Critical illness (CI)

Pre-requisites:

• The policy applicant must be in good & sound health
• The policy applicant must have own, valid and regular income

Plan Benefits:

1. If the parent / policyholder dies while the plan is in force and prior to the maturity, then the insured child will receive the following benefits:
   a) 15% of the sum assured will be paid to the one-time designated legal guardian
   b) 1% of the sum assured amount will be paid to the legal guardian every month (stipend) till the expiry of the plan.
   c) All future premiums payable will be waived
   d) Upon maturity, the entire sum assured will be paid to the nominated legal guardian with the earned bonus / profits.
2. If the child dies while the plan is in force and prior the maturity of the plan, then the parent (policyholder) of the insured child will have the following benefits:
   

   Plan period at the time of child’s death	Sum Assured
   Up to 6 months	25% of the Sum Assured
   More than 6 months but less than 12 months	50% of the Sum Assured
   More than 12 months but less than 24 months	75% of the Sum Assured
   More than 24 months	100% of the Sum Assured

3. If both the guardian (parent) and the child survive till the maturity of the insurance plan, the full sum assured along with earned bonus / profit will be paid to the parent / policyholder.
4. If the insured child dies during the course of the monthly stipend, then the stipend will be terminated and the full sum assured along with earned bonus / profit will be paid to the nominated legal guardian at maturity of the policy.
5. The policy achieves paid-up status after paying at least 2 (two) years of premium, after that the policy may be converted to a reduced Sum Assured upon request of the policyholder.
6. Surrender Value and Loan Benefit: Upon payment of at least 2 (two) years of premium, a policy achieves Surrender Value. There is option for Policyholder to avail Policy Loan up to a maximum of 90% of the Surrender Value.
7. Income Tax Rebate Benefit: The benefit of income tax rebate on premium paid every year at applicable rate.
8. Hospitalization Benefits: Enjoy hospitalization benefits upto 5 Lac for Yourself and every family member (Spouse & Child) individually.
9. Discounts on Hospitals: Enjoy attractive discounts at more than 300 partner Hospitals & Clinical Labs with Guardian Life Card.
10. Critical Illness Coverage: 18 Critical Illness Coverage for self upto 5 Lac.