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Diamond Life Insurance Company Limited provides its client with a variety of different types of Life Insurance services, which also provide money to cover the cost of death funeral expenses, taxes, childcare and so on. Keeping in mind the customer satisfaction, DLICL has the following product for its clients.



Endowment Insurance with profits  
Child protection endowment insurance with profits

Guaranteed bonus endowment insurance   Single payment endowment insurance with profits

Three payments anticipated endowment insurance with profits   Biennial payment endowment insurance with profits
Four payments anticipated endowment insurance with profits   Education protection endowment insurance wit profits
Progressive endowment insurance with profits   Takaful Deposit pension Endowment insurance
Pension insurance policy without profits   Mudaraba Deposit 'Pension Scheme with profits.

SUPPLIMENTARY ACCIDENT BENEFIT

This is a supplementary insurance. The Double Indemnity Accident benefit referred as DIAB by the company. According to this policy if the death of insured occurs as a result of bodily inquiry caused solely and independently of any other cause by accident, violent, external and visible means capable of direct proof and not aggravated by bodily defects or infirmities the company shall pay, in addition to any other benefit payable hereunder a sum equal to the basic sum assured under this policy. This is also known as supplementary insurance. The permanent disability and accident benefit refereed as PDAB by the company. According to this policy if the death or disablement of the insured occurs as result of bodily inquiry caused solely and independently of any other cause by accident violent, external and visible means capable of direct proof and not aggravated by bodily defects or infirmities the company shall pay any one of the following indemnities.


ENDOWMENT INSURANCE WITH PROFITS

This plan is an insurance investment mix designed to provide growth and security. One maturity, and in the event of an insured person's untimely death, sum assured plus occurred are paid to the beneficiaries or nominees.


GUARANTEED BONUS ENDOWMENT INSURANCE

This plan provides guaranteed bonus at the rate of taka twenty for one thousand of sum assured. On maturity and in the event of abrupt death, sum assured along with above rate of guaranteed bonuses are paid to the nominees.


THREE PAYMENTS ANTICIPATED ENDOWMENT INSURANCE WITH PROFITS

This endowment plan designed to provide very high insurance coverage and attractive investment returns. The plan pays 25% of the sum assured at one third of the term and another 25% at two third of the term. The balance with occurred bonus are payable on maturity. The plan participates in the company profits though reversionary bonuses.


FOUR PAYMENTS ANTICIPATED ENDOWMENT INSURANCE WITH PROFITS

An endowment plan designed attractive insurance coverage and investment returns. This plan pays 25% of the sum assured at one-fourth of the term, rest 25% at two fourth of the term and another 25% at three fourth of the term. The plan also participate in company profits though reversionary bonuses. The balance with occurred bonus are payable on maturity.


PROGRESSIVE ENDOWMENT INSURANCE WITH PROFITS

It provides comparatively small premium for the first five years against greater sum assured. After five years insured person can decrease or increase the term with his or her own increasing or decreasing income.


PENSION INSURANCE POLICY WITHOUT PROFITS

A plan to provide person at any time after a period of maximum 10 years, besides covering the life to the extent up to 100 times the monthly person. Pension can be paid for life or to be nominee upon death or with guaranteed pension payments.


CHILD PROTECTION ENDOWMENT INSURANCE WITH PROFITS

This is a juvenile policy, provides coverage and maturity benefits over a wide range of terms on the life of the assured child, and at the same time, provides protection in case of the prayers death. On maturity and in case of child's survival, sum assured with occurred bonuses are paid. In the event of a child's untimely death sum assured plus occurred bonuses are paid to the prayer or nominees. In the event of the prayer's death before maturity, all future premiums will be waived and the policy will continue in force. Furthermore, a monthly income equal to 1% of the sum assured will be paid to the child till maturity. At maturity, child will receive all stated maturity benefits. This plan participates in company profits through reversionary bonuses.


SINGLE PAYMENT ENDOWMENT INSURANCE WITH PROFITS

According to this plan insured pays a single premium for the whole term. After maturity company use to pay sum assured with occurred bonuses. In case of death two times of the sum assured plus occurred bonuses are payable. The term of his plan is fixed at ten years.


BIENNIAL PAYMENT ENDOWMENT INSURANCE WITH PROFITS

This is an attractive endowment plan. After completion of four years of term the company pays the partial amount of sum assured to the insured. And then gradually after ever two years proportionate sum assured are payable. The balance are payable on maturity with occurred bonuses.

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