Child Education Protection Plan

Child Education Protection Plan

Every parent's greatest fear is not being there when their child needs them most — especially when it comes to education. The Child Education Protection Plan, available through GoodHope Insure and underwritten by Protective Islami Life Insurance Ltd. and Astha Life Insurance, is designed specifically to remove that fear.


This plan covers both the premium-paying parent and the insured child simultaneously. If either the parent or child passes away during the policy term, benefits are paid according to clearly defined rules — without the family needing to continue paying premiums. At maturity, if both parent and child survive the full term, the complete sum assured plus all accrued bonuses is paid out.


It is one of the few life insurance plans in Bangladesh that keeps the child financially protected even after the death of the insured parent, through a monthly stipend of 1% of the sum assured paid until the policy term ends.


GoodHope Insure is Bangladesh's first digital insurance platform, licensed by IDRA (Insurance Development and Regulatory Authority), making it easy to get a quotation, compare providers, and apply entirely online.


Features of Child Protection Assurane Plan:

Sum Assured Minimum Tk. 30,000
Policy Term 10 – 20 years
Age at commencement Premium Payor: 20 – 55 years
Assured Child: 6 month – 15years
Age at maturity Premium Payor: Minimum 30 Years, Maximum 65 years
Assured Child: Minimum 18 years & Maximum 30 years
Mode of payment Quarterly, Half-Yearly, Yearly
Policyholders eligibility Father or Mother (working educated woman.)
Benefits
Maturity benefit On the survival of the payor & child till the end of the term full Sum Assured with accrued bonuses will be paid.
In case of death Payor If the life assured (father and mother) dies within the term of the policy no further premiums will be payable. In such an event the following benefits are payable:
1. 1% (one percent) of the sum assured as stipend till the end of the policy term.
2. Full sum assured together with bonuses at the end of the policy term.
3. If after the death of the life assured the child dies within the term of the policy no benefits are payable within the term but full basic sum assured together with bonuses are payable.
Benefits on Death of Insured Child
Policy term completed at the time of the child’s death Benefits
No more than 6 months 25% of the basic sum assured
More than 6 months but not exceeding 12 months 50 % of the basic sum assured
More than 12 months but not exceeding 24 months 75% of the basic sum assured
More than 24 months 100% of the basic sum assured
In case of death both of Insured & Payor Stipend payment will be ceased immediately.
Sum Assured with accrued bonuses will be paid after maturity date to nominee(s).
Income Tax The Policyholder gets tax rebate facility against the paid policy premium.
Death claim is tax free.
5% tax will be deducted from the net profits the Policyholder gets from the insurance company at the time of maturity payment.