A liquid savings plan that gives back partial sum assured in three different time periods for fulfilling various needs of different stages of life. This is a very popular product among the people who prefers flow of liquidity throughout the policy term. This product is designed in such a way which is very much customer friendly. If anyone takes this policy, he/she gets the opportunity to get the partial Sum Assured in three different time periods of policy tenure

Main Features

• Sum Assumed
  • Minimum BDT 100,000
  • Maximum Sum Assured: Any amount subject to Akij Takaful underwriting Guideline.
• Policy Term
  • Fixed term – 12,15,18,21 and 24 years
• Mode of payment
  • Monthly, Quarterly, Half Yearly, Yearly
• Age at commencement
  • From 20 years till 58 years.
• Age at maturity
  • Maximum 70 years

Benefits

Partial Maturity Benefit:

Policy holder gets 25% of Sum Assured after spending one third of Policy tenure.

Policy holder gets 25% of Sum Assured after spending two third of policy tenure.

Maturity Benefit:

At maturity policy holder gets the remaining 50% of Sum Assured with bonus (Actual profit or loss will be added)

Death Benefit:

In case of death of the insured and Policy Holder and the policy is inforce, even after receiving the first and second partial maturity the full Sum Assured, along with accrued bonus (actual profit or loss will be added) will be paid to the nominee(s).

Supplementary Insurance Facility:

You can choose one or more rider benefits to add your basic life insurance plan:

• Accidental Death Benefits (ADB)
• Accidental Death & Disability (AD & D)
• Akij Health Care Assure plan (HI)
• Akij Critical Illness Care Plan (CI)
• Akij Waiver of Premium (WOP)

Investment:

The premium collected from the clients will be invested in profitable sector by obeying Shariah.

Surrender Value:

The Policy Holder can apply for the surrender value of the insurance policy at any time after paying at least 2 years of premium.

Paid up Value:

After continuing the policy at least two years the policy acquires Paid up value. Paid up value is payable with accrued bonus at the end of policy term.

Income Tax Rebate Facility:

• The Policy Holder will get benefit of 15% income tax rebate on the premium paid every year as per the income tax policy of the government.
• Death and living claim amount is completely tax free.

Automatic Policy Loan (APL):

If the Policy holders miss a premium payment, the APL features automatically laps into policy holder’s policy’s cash value to cover the premium, preventing policy from lapsing (T&C applicable)

Karje Hasana (Interest-free Insurance Loan)

Up to 90% of the net cash surrender/surrender value can be taken as Karje Hasana (Interest-free Insurance Loan).

Mandatory Documents

• Copy of the NID of the applicant
• 1 color passport-size photo of the applicant
• Copy NID of the proposed nominee
• 1 color passport-size photo of the proposed nominee
• Proof of income of the applicant, depending on the sum assured (will be required if sum assured crosses 10 Lacs)
• Copy of the NID of the legal guardian where the proposed nominee is minor
• 1 color passport-size photo of the legal guardian where the proposed nominee is minor

This is the best plan for one’s child’s education. It contains attractive benefits which can secure every stage of any child’s growth. In case of sudden demise of parent, the child will get full Sum Assured and the flow of cash will be availed by the child as a form of Stipend till the end of the term of policy. Before the end of the term if the insured child expires (after the death of the Policy Holder) the stipend facility will be stopped.

Main Features

• Sum Assumed
  • Minimum BDT 100,000
  • Maximum Sum Assured: Any amount subject to Akij Takaful underwriting Guideline.
• Policy Term
  • Fixed term – 10 To 25 years
• Mode of payment
  • Monthly, Quarterly, Half Yearly, Yearly
• Age at commencement
  • For Policy holder / Payor: From 20 years till 55 years
  • For the insured child: Minimum Age: 1 Month
  • Maximum age cannot exceed 25 years at maturity of the plan
• Age at maturity
  • For Policy holder/ Payor: Maximum 70 years
  • For the insured child: Maximum maturity age 25 years

Benefits

Maturity Benefit:

If both the Policy Holder and Insured child survive till the end of the term, the policy holder gets full Sum Assured along with bonus with accrued bonus (actual profit or loss will be added).

Death and Disability Benefits:

• In case of Death of the Policy Holder: (Guardian /Parents) In case of death of the policy holder the beneficiary child will get the below-mentioned facilities:
  • Monthly Tk 1% of Sum Assured will be provided to the child as stipend till maturity of the plan.
  • All future Premiums will be waived.
  • Full sum assured including accrued bonus will be paid to designated legal guardian at maturity

In case of Permanent and Total Disability:

• In case of Permanent and Total Disability of the policy holder, the beneficiary child will get the below mentioned facilities under Disability Protection Rider (DPR):
  • Monthly Tk 1% of Sum Assured will be provided to the child as stipend till maturity of the plan.
  • All future Premiums will be waived.
  • Full sum assured including accrued bonus will be paid to designated legal guardian at maturity

In case of the death of the beneficiary child:

• During the term of the policy if the child dies then policy holder can nominated to another child.
• If there is no child, the policy will automatically have converted to ordinary endowment policy.
• When there is Education Stipend in payment, the recipient child dies and there is no one else to be nominated, the company can pay discounted value of the remaining stipend.

Supplementary Insurance Facility

• Akij Health Care Assure plan (HI)
• Akij Critical Illness Care Plan (CI)

Investment

The premium collected from the clients will be invested in profitable sectors by obeying Shariah.

Surrender Value

The Policy Holder can apply for the surrender value of the insurance policy at any time after paying at least 2 years of premium.

Paid up Value

After continuing the policy at least two years, the policy acquires Paid up value. Paid up value is payable with accrued bonus at the end of policy term.

Income Tax Rebate facility

• The Policy Holder will get benefit of 15% income tax rebate on the premium paid every year as per the income tax policy of the government.
• Death and living claim amount is completely tax free.

Automatic Policy Loan (APL): If the Policy holder miss a premium payment, the APL features automatically lap into policy holders’ policy’s cash value to cover the premium preventing policy from lapsing (T&C applicable)

Karje Hasana: Up to 90% of the net cash surrender/surrender value can be taken as Karje Hasana (Interest-free Insurance Loan).

Mandatory Documents

• Copy of the NID of the applicant
• 1 color passport-size photo of the applicant
• Copy NID of the proposed nominee
• 1 color passport-size photo of the proposed nominee
• Proof of income of the applicant, depending on the sum assured (will be required if sum assured crosses 10 Lacs)
• Copy of the NID of the legal guardian where the proposed nominee is minor
• 1 color passport-size photo of the legal guardian where the proposed nominee is minor

This plan is easily affordable by people of different levels of financial ability. It offers the full Sum Assured at the maturity along with profit. This is a popular plan for its monthly payment mode.

Main Features

• Premium
  • Minimum BDT 1000
  • Maximum Sum Assured: Any amount subject to Akij Takaful underwriting Guideline.
• Policy Term
  • From 10 to 15 years
• Mode of payment
  • Monthly
• Age at commencement
  • From 20 years till 60 years.
• Age at maturity
  • Maximum 70 years

Benefits

Maturity Benefit:

On maturity full sum assured with accrued bonus (actual profit or loss will be added) will be paid to the Policy Holder.

Death Benefit:

In case of death of the insured and Policy Holder and the policy is in force the full Sum Assured, along with accrued bonus (actual profit or loss will be added) will be paid to the nominee(s).

Supplementary Insurance Facility

• Accidental Death Benefits (ADB)
• Accidental Death & Disability (AD & D)
• Akij Health Care Assure plan (HI)
• Akij Critical Illness Care Plan (CI)
• Akij Waiver of Premium (WOP)

Investment

The premium collected from the clients will be invested in profitable sectors by obeying Shariah.

Surrender Value

The Policy Holder can apply for the surrender value of the insurance policy at any time after paying at least 2 years of premium.

Paid up Value

After continuing the policy at least for two years the policy acquires Paid up value. Paid up value is payable with accrued bonus at the end of policy term.

Income Tax Rebate facility

• The Policy Holder will get benefit of 15% income tax rebate on the premium paid every year as per the income tax policy of the government.
• Death and living claim amount is completely tax free.

Automatic Policy Loan (APL): If the Policy holder miss a premium payment, the APL features automatically laps into policy holder’s policy’s cash value to cover the premium preventing policy from lapsing (T&C applicable).

Karje Hasana: Up to 90% of the net cash surrender/surrender value can be taken as Karje Hasana (Interest-free Insurance Loan).

Mandatory Documents

• Copy of the NID of the applicant
• 1 color passport-size photo of the applicant
• Copy NID of the proposed nominee
• 1 color passport-size photo of the proposed nominee
• Proof of income of the applicant, depending on the sum assured (will be required if sum assured crosses 10 Lacs)
• Copy of the NID of the legal guardian where the proposed nominee is minor
• 1 color passport-size photo of the legal guardian where the proposed nominee is minor

Akij Health Care Assure Plan (HI)

Anyone can face sudden illness or accidents in life. Unexpected medical emergencies can disrupt your carefully planned future. Physical illness or injury requiring hospitalization can create financial pressure on a family. When expensive hospital bills add to the stress, the emotional burden becomes even heavier.

In such situations, "Akij Health Care" rider plan is here to help you stay financially worry-free. This is a supplementary agreement that provides hospitalization benefits for you and your family members.

Eligibility of Policyholder

From the nearest date of birth (minimum age: newborn after 38 weeks of gestation) Up to 64 years of age

Geographical Coverage

• Most major hospitals in Bangladesh are listed as our partner facilities
• Treatment abroad is also covered under the plan

Additional Benefits

• Cashless hospitalization for treatment due to hospital admission
• Pre-existing diseases are covered under this plan
• 24/7 telemedicine services, 7 days a week
• Home sample collection and report delivery
• Discounted medicine delivery at home
• Doctor consultation at home and hospital admission coordination
• Ambulance booking from home

Main Health Care Plan (Hospitalization Coverage)

Plan Name	Classic	Classic Plus	Premium	Advance	Executive	Royal	Platinum	Prestige
Annual Coverage (BDT)	50,000	100,000	150,000	200,000	300,000	400,000	500,000	1000,000

Eligible Insured for this plan:

The Policy owner can select from Three combinations of coverage:

1. Life Assured only
2. Life Assured and Spouse (Couple)
3. Life Assured, Spouse and Children (Couple & Kids)

Note:

• For Couple (Husband & Wife): 5% discount will be applicable from the Total Premium
• For Family (Couple & Kids): 10% discount will be applicable from Total Premium
• If the spouse is unavailable, the couple will be allowed to have kids. In those cases, the Principal Key Insured can add Children as a Family Option

Hospital admission benefits:

Benefit Category	Claim Payment Limit
Claim duration per hospitalization	30 days
Room Rent & ICU: Annual Maximum Coverage	40% of IPD benefits
Room Rent Daily Limit	2% of IPD benefits
ICU/CCU Stay Limit	14 days
Other Hospitalization Costs (Surgery, Anesthesia, Medicine, Consultation, Post-operative Care, Medical Tests etc.) excluding Room/ICU expenses	60% of IPD benefits
Ambulance Charges	1% of IPD benefits or BDT 5,000 (whichever is less)

No Claim Bonus:

No Claim period	Discount on Renewal Premium
01 Year	10%
02 Consecutive years	15%
03 and more Consecutive years	20%

Waiting Period:

This Plan has a Waiting period of SIXTY (60) Days, during which claims arising will not be payable except only in case of hospitalization due to an accident. Full coverage under this Plan takes effect sixty (60) days after the later of the Policy Issue Date and the last Alteration Date for attachment of Benefit Assured under this Policy.

Pre-existing conditions coverage:

Pre-existing conditions will be covered up to the percentage of the Annual Benefit Limit as mentioned in the below schedule:

Plan Name	Classic	Classic Plus	Premier	Advanced	Executive	Royal	Platinum	Prestige
Year
1	0%	0%	0%	0%	0%	0%	0%	0%
2	15%	10%	10%	7.5%	6%	5%	5%	3%
3	30%	20%	20%	15%	12%	10%	10%	6%
4	45%	30%	30%	22.5%	18%	15%	15%	9%
5 and onwards	60%	40%	40%	30%	24%	20%	20%	12%

Maternity Benefits (OPTIONAL):

Under this plan, insurance benefits are provided for childbirth or any related complications, and the coverage is from the date of conception to the delivery of the child.

Eligibility for Maternity: 18 to 48 Years of Age

In-Patient Maternity Benefits: Its maximum benefits are given in the chart below.

Claims Particulars	Classic	Classic Plus	Premier	Advanced	Executive	Royal	Platinum	Prestige
Cesarean/Ectopic/Extra-uterine Pregnancy	30,000	50,000	50,000	80,000	80,000	1,00,000	1,00,000	1,50,000
Normal Delivery	15,000	30,000	30,000	50,000	50,000	60,000	60,000	1,00,000
Miscarriage / Legal Abortion	7,500	15,000	15,000	25,000	25,000	30,000	30,000	40,000

Waiting Period ** First Claim: 18 Months from the Date of Commencement.

Akij Critical Illness Care Plan (CI)

Protect yourself against 19 Critical Illnesses, including Cancer, Heart Attack, Stroke, and Kidney Disease.

Critical Illness Insurance offers financial protection when you need it most. If you're diagnosed with a severe illness like cancer, heart attack, or stroke, this coverage provides a lump-sum payout to help cover medical expenses, treatment, and daily living costs. It ensures that you can focus on recovery without the added stress of financial burdens. Stay prepared for life’s unexpected challenges with Critical Illness Insurance.

Eligibility for this plan:

• 18 Years to 55 Years of Age
• Maximum Coverage Age: Up to 60 years

Critical Illness Insurance Benefit (19 Covered Diseases):

1. Cancer
2. Heart Attack (Myocardial Infarction)
3. Stroke
4. Coronary Artery (Bypass) Surgery
5. Serious Coronary Artery Disease
6. Kidney/Renal Failure
7. Major Organ Transplantation
8. Paralysis
9. Blindness/Loss of Sight
10. Multiple Sclerosis
11. Heart Valve Replacement
12. Surgery of Aorta
13. Aplastic Anaemia
14. Benign Brain Tumor
15. Chronic Lung Disease/End Stage Lung Disease
16. Deafness/Loss of Hearing
17. Major Head Trauma
18. Loss of Limbs
19. Loss of Speech

Other Important Details:

• Waiting Period: 90 days
• Survival Period: 30 days
• Maximum Coverage Limit: The maximum sum assured under the Critical Illness (CI) coverage will be equal to the base policy sum assured, but not exceeding BDT 2,000,000 (Twenty Lac Taka).

Akij Waiver of Premium Rider

Protect your future by waiving uncertainty

Akij Waiver of Premium Rider

By opting for a life insurance policy, you have already taken the first step towards the well-being of your family to safeguard their present and ensure that their future is financially secure. However, what if you are unable to earn and pay your premiums because of unexpected events. Akij Waiver of Premium Rider ensures your insurance benefits continue even if you are unable to pay the premiums in the event of any unforeseen calamities.

Akij Waiver of Premium Rider offers the following benefits:

• Waiver of premium option to continue with the base plan without paying the future premium
• Comprehensive protection against
  • Death of Life Assured/Proposer
  • Permanent Total Disability due to Accident and Sickness of Life Assured/Proposer

Accidental Death and Permanent Disability

The policyholder can opt for this rider only at policy issues. Once opted for, the rider cannot be deleted. This rider pays a defined percentage of the rider sum assured on the accidental disability or accidental death of the life insured.

Accidental Death:

In the unfortunate event of the death of the life insured within 180 days of the occurrence of an accident, Akij Takaful will pay the rider sum assured to the nominee.

Accidental Disability:

In the event of disability due to accident which is established 180 days following the date of the event, Akij Takaful will pay life insured a percentage of rider sum assured, based on the description of bodily injury as given below:

Accidental Disability

The percentage payable on accidental disability depends on the extent of bodily injury and is defined below:

Personal Accident Insurance Security:

Permanent Partial Disability Benefits in respect of the following losses

Loss of both hands OR Loss of both feet	100% of Sum Assured
Complete loss of sight	100% of Sum Assured
Loss of one hand and one foot	100% of Sum Assured
Loss of sight of one eye	50% of Sum Assured
Loss of one hand OR Loss of one leg	50% of Sum Assured
Complete deafness of both ears	40% of Sum Assured
Accidental Medical Reimbursement (AMR)	15% of SA, Maximum 150,000

Medical Expenses Due to Accident:

Up to 15% of the sum assured, with a maximum limit of BDT 100,000, will be paid for accident-related medical expenses.

Accidental Death Benefit

The policyholder can opt for this rider only at policy issues. Once opted for, the rider cannot be deleted. This rider pays a defined percentage of the rider sum assured on the accidental death of the life insured.

Accidental Death:

In the unfortunate event of the death of the life insured within 180 days of the occurrence of an accident, Akij Takaful will pay the rider sum assured to the nominee.