Critical Illness Insurance Protection Plan (CIIPP)

Due to the advancement of economic and health system, life expectancy in Bangladesh is increasing. While almost all critical illness Policies are currently providing coverage for up to 60 years it’s the market demand for a Policy that can serve longer. This Policy provides Critical Illness and Life Insurance Coverage until insured’s age of 80 years.

If the insured diagnosed or undergone surgery with any of the covered 18 minor critical illnesses during the term of this policy then 25% of  Face Amount (FA)  or BDT 500,000, whichever is lower, will be paid as an minor  critical illness coverage . Insured can claim for minor critical illness coverage once. Policy will remain continued for other coverages even if claim is paid under Minor Critical Illness. 

If the insured is diagnosed or undergone surgery with any of the covered 34 major critical illnesses during the term of this policy, 100% of Face Amount (FA), less the amount paid or payable under minor Critical Illness, will be paid. Policy will terminate once major critical illness coverage is paid. 

In case of unfortunate demise of the insured -

With death insurance, 100% of Face Amount (FA) less any amount paid or payable under minor critical illness will be paid additional benefit equivalent to 25% of Face Amount or BDT 500,000 whichever is lower, will be paid if death occurs due to Dengue Hemorrhagic Fever (DHF).

Tax advantages regarding the contribution payment are subject to Tax laws/rules of the Bangladesh Government. Please consult your Tax advisor for confirmation and advice.