Guardian Life launches ‘Ajibon Pension Plan’

Guardian Life Insurance has introduced a new product- ‘Ajibon Pension Plan’ which is a first of its kind in Bangladesh.

Ajibon Pension Plan is a “complete retirement solution” which will protect not only the policy holders but also their loved ones, for the rest of their lives, said a media statement.

Under this pension plan, customers will receive a lifetime pension upon maturity. In the event of the policyholder’s death, the nominee will be entitled to a lifetime pension facility. Upon maturity, there is also the option to retrieve the maturity value (Sum Assured + Bonus) which can be either be invested as per policy holder’s discretion or into Guardian’s Ajibon Pension fund.

Starting from a minimum coverage of Tk 1 lakh, this plan will be offering all the major rider benefits which are Health Insurance, Critical Illness, PDAB (Permanent Disability Accidental Benefit) and DIAB (Double Indemnity Accidental Benefit).