Sunlife Pension Insurance without Bonus-03

Sunlifesun Pension Insurance

Sun Life Assurance Bangladesh operate a project of economic security old man. Whose name is pension insurance. This is very good and reliable insurance project for the human body
Premium build process: annual and interim.

Age limit: Age at the time of inward in the political agreement of smaller quantities of 18. over 55 years. But age at the time of sequestration itself. minimum 45 years. over 65 years.
Size of the Somme exposure secure insurance: 10 times the entire annual income.
faction of the objective: Every man engaged in any occupation. Any woman engaged in the line of work (I) Doctor (ii) engineering, (iii) any vessel of service.

Exposure to risk of death: The death of the insured prior to the board opening. the candidate of the insured will receive 10 times the total annual income.
Time to retire: 10 years. The death of the insured after the commencement of the retirement phase and is surrounded by launching 10 years of retirement, the candidate of the insured shall be entitled to obtain the amount of pension for the rest of the day or from the death of the contractor until the conclusion of 10 years of pension time, If the holder of the policy to remain alive after 10 years behind achieving the pension will not stop until death.
capitulate and Credit: The tenant to be able to benefit from the sale and the competence of the loan.

income tax refund: According to tax regulations back in 1984 the amount of the premium paid in any year of assessment qualifies as allocation of risk and also the amount of pension is exempt from tax.

For example a model
The old become of Mr. X is 35 years. He drew 1k to find. 5000 / - per month as a pension after completion of 50 years of age.
(I) What will be the annual premium.
(Ii) What will be the death of death f state in the case of retirement ahead of instigation
per month is Tk. 5.000 /
annual pension is 5.0001 to 12 x 1k. 60,000 / -
Tk.1 annual bonus, pension 000/-annual as a graphic in the contribution rate by # 3 is 1k. 491.30. Thus, islk annual premium. (491.30 x 60 000) / 1000 29 478 / - to 1k annual pension. 60,000)
deaths attributed to state the candidate of the insured annual pension x 10 = 60,000 / - 10 x 6,00,000 / - Annual premium rate table for 1k. 1000 total guaranteed based on age of the policyholder