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    Ajibon Pension Plan

    Every person is unique and so are their requirements. Guardian Life believes in customer-first policy and is thus always committed to meeting the diverse needs of its customers.

    Guardian Life offers a variety of pension plans to ensure financial security for yourself and your loved ones during your retirement years. The idea is to ensure freedom through financial independence and thus making your retirement carefree, secure and full of joy.

    Ajibon Pension Plan

    Ajibon Pension is a game-changer plan introduced by Guardian Life in Bangladesh for the first time and it is in a nutshell, a "complete retirement solution." This pension plan will protect not only you, but also your loved one, for the rest of his / her life.

    Additionally, the plan offers you financial flexibility and independence with multiple investment options to suit your retirement needs.

    Special benefits of Ajibon Pension plan

    • ·        In this plan, life insurance will be paid from the time of retirement of the insured (i.e. with maturity).
    • ·     You can determine the age of receiving a pension between 55 or 60 years.
    • ·         In case of death of the policyholder during the period of premium payment, the nominee will get the original sum assured along with the bonus earned during the period.
    • ·         Income tax rebate is available on premiums paid and money for insurance claims is also income tax free.
    • ·        After insuring for at least two years, the insured will be able to voluntarily accept the surrender value or draw loan based on the deposited amount.

    At maturity, this plan has two options for the customer:

    • ·        The policyholder can take the sum assured along with the accumulated maturity bonus and opt out to meet expenses or explore other investment options

    Or

    • ·         If the insured wants, he / she can invest the maturity value (in whole or in part) in Guardian's pension fund.

    o   In this case the customer can take any of the following options:

    Pension Option - 1: The customer will continue to receive the monthly pension as long as he / she lives and in case of death of the policyholder, the spouse will continue to receive the pension for whole life.

    Pension Option - 2: The customer will receive a monthly pension for as long he / she lives and in case of the death of the policyholder, the money invested in the fund will be paid to his / her spouse.

    Prerequisites:

    Ø 

    •        Age range: 18 to 55 years
    •       Premium Payment Type: Annual, Half Monthly or Quarterly
    • ·        Half Monthly Premium Installment = Annual Premium 0.525
    • ·    Quarterly Premium Installment = Annual Premium 0.275
    • ·        Medical test should be done according to the policy of writing down the insurance amount.
    • ·     Co-insurance with this scheme can be availed CV, Health Insurance (HI), Double Intensity Accidental Benefit and Permanent Disability and Accidental Benefit.
    • ·       Policy Term: a) Minimum 5 years b) Maximum = Age at maturity - Age of insurance.
    • ·          Premium payment term will be policy term.

     

    Inheritance (nominee) plan:

     

    If both the insured and the nominee die in an unforeseeable event during the course of the pension, the remaining funds will be returned to the legal beneficiary in accordance with the applicable law.

     

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