Life insurance is a contract between an insured (insurance policy holder) and an insurer of assurer, where the insurer promises to pay the designated beneficiary a sum of money (the "benefits") in exchange for a premium, upon the death of the insured person or on the expiry of a fixed period.
Depending on the contract, other events such as supplementary coverage (PDAB,ADB,TP,CERP & HI etc) may also trigger payment. The policy holder typically pays a premium, either regularly or as a lump sum.
Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; common examples are claims relating to suicide, fraud, war, riot, and civil commotion.
First of all, why are you buying life insurance? The basic rationale for life insurance is to replace your income in the event that you die unexpectedly. Your insurance policy then is supposed to “buy” your dependents’ time to replace the income they had depended on you.
Strictly speaking, life insurance is economic protection for family or successor, not an investment or a savings plan. However,
contemporary insurance companies are offering products with savings plans and investment features.
As individuals it is inherent to differ. Each individual's insurance needs and requirements are different from that of the others. SLICL's Insurance Plans are policies that talk to you individually and give you the most suitable options that can fit your requirement.
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This is a joint life assurance and covers the lives of child and either of the parents. Features & Eligibility Types of plan: It is an Endowment assurance plan for child protection. Child's minimum age: 6 months. Child's maximum age at entry: 15 years. Child's minimum maturity age: 30 years. Maximum maturity age (parent): […] Read More
An endowment policy is a life insurance contract designed to pay a lump sum after a specified term (on its 'maturity') or on death. Typical maturities are 10,15,20,25 or 30 years up to a certain age limit. Endowments can be cashed in early (or surrendered) and the holder then receives the surrender value […] Read More
Life insurance policy that pays the assured sum (face amount) plus bonuses accumulated over the term of the policy. The insured pays a higher-than-normal premium, which is invested in the insurance company and draws annual bonuses (out of the insurer profits) that are added to the assured sum and paid on maturity or upon […] Read More
Anticipated Endowment plans have unique feature where a part of the sum assured is paid at certain intervals during the term of the policy and the balance of the sum assured together with the accrued bonus at maturity.The life assured continues enjoying the life cover such that in the event of death at any time […] Read More
A type of insurance coverage offered to a group of people. This coverage will provide a benefit to the beneficiaries if the covered individual dies during the defined covered period. As with other types of group benefits, group term life insurance is generally cheaper than comparable individual policy coverage. For this reason, group term […] Read More
'Group insurance' is an insurance that covers a group of people, usually who are the members of societies, employees of a common employer, or professionals in a common group. Group life insurance is a type of life insurance in which a single contract covers an entire group of people. Typically, the policyowner is […] Read More
A form of term life insurance coverage that provides a return of the premiums paid during the policy term if the insured person outlives the duration of the term life insurance policy. Benefits: MITALI BIMA is a unique, low-cost term plan that offers you an assured peace […] Read More
Savings for future is like a pension you earn over the span of your life. Little drops of savings every month can end up with a stream of relief and benefits after a few years. This kind of insurance offer some special financial benefits, whereas to get a pension you must meet some […] Read More Download
Anticipated Endowment plans have unique feature where a part of the sum assured is paid at certain intervals during the term of the policy and the balance of the sum assured together with the accrued bonus at maturity. The life assured continues enjoying the life cover such that in the event of death at any […] Read More Download
While the death benefits of insurance policies provide you with an efficient means to provide for your dependents, you also need to consider unexpected expenses that can crop up in old age. SLICL's Single Payment Scheme is also a savings cum protection plan, where premium amount in between Tk. 10,000/- and Tk. 30,00,000/- can […] Read More Download
A Muslim wedding includes many rituals and ceremonies that can span several days. In most cases, it starts with the Kabin ceremony (the official registration of the wedding and presenting Denmohor or Mahr) and ends with the Bou Bhat ceremony (the wedding reception, a day after the marriage, usually arranged by the groom's family). Though […] Read More
The Hajj (Arabic: حج Ḥajj "pilgrimage") is an Islamic pilgrimage to Mecca and the largest gathering of Muslim people in the world every year. It is one of the five pillars of Islam, and a religious duty which must be carried out by every able-bodied Muslim who can afford to do so at least once […] Read More
SUPLEMENTARY DOUBLE ACCIDENT BENEFIT (DAB)
SUPPLEMENTARY permanent disability and ACCIDENT BENEFIT (PDAB)
SUPPLEMENTARY TERM POLICY (TP)
SUPPLEMENTARY CHILD EDUCATION RIDER POLICY (CER)
SUPPLEMENTARY HOSPITALIZATION INSURANCE (H.I.)
Sunlife offers a number of supplementary covers to enhance coverage under different plans. These supplementary covers can be attached with the main policy and are not available […] Read More