Child Protection Project (CPP) PLUS is the foundation on which you can build your child's future and career.
Your child depends on you and the income you provide for education and other necessities of life. You want your child to have higher education to give him/her a good start in this increasingly competitive world. The cost of higher education has been on the rise for many years now. How can you make sure that the needed amount is available at the time your child is ready to go for higher education? You may find it difficult to come up with the funds unless you plan for it and save regularly. Even if you save regularly, can you still be sure that you will live long enough to complete the savings plan?
Have you ever asked yourself this question?
"Will my ambitions for my child's future be achieved if I am not there?"
Your child is dear to you and you cannot take any chance with his/her future. In the absence of your financial support, your family may have to cut down on their comfortable standard of living drastically and your child may not get the education you planned for him/her. Our Child Protection Project (CPP) PLUS takes away the worries and uncertainties from your mind and provides your child a secured and complete life.
How old must a child be for the parent or legal guardian to apply for this coverage?
Minimum age thirty (30) days and maximum age fifteen (15) years.
What must be the age of the parent or legal guardian to apply for this coverage for his/her child?
Minimum age twenty-one (21) years and maximum age fifty-five (55) years.
Child's age 30 days to 5 years - Minimum Tk. 100,000 and Maximum Tk. 1,500,000. (This premium will be supported by Willworth Corporation)
Child's age 6 years to 15 years - Minimum Tk. 100,000 and Maximum Tk. 2,000,000. (This premium will be supported by Willworth Corporation)
How EPP Plus works?
You select the period of the Plan at which you want the policy proceeds to be paid. You can select any period from 10 to 21 years. However, the child's age plus the policy term should not exceed 25 years.
Premium Payment Modes
Monthly, Quarterly, Semi-annually and Annually
Please note that in case of monthly payment mode, only EFT debit is applicable.
Payments at Maturity
At plan maturity, the Face Amount of the Policy PLUS Bonus(es) are paid. The money can be used to pay for his/her higher education. Or if he/she has already completed education, money may be very helpful to start his/her new career, cover marriage expenses, or support other important events in life.
In Case of your Death
A) Future PREMIUMS under the policy will be WAIVED and the policy would continue till the maturity of the policy,
B) INCOME for EDUCATION equal to 1% of the Face Amount will be paid EVERY MONTH to the insured child till the maturity of the policy, and
C) At Maturity, he/she would receive the Face Amount (FA) with Bonus(es)
In the unfortunate event of the child's loss of life before the plan's maturity, Face Amount plus accrued Bonus(es) are payable, subject to Education Protection Plan Endorsement. For details, please carefully read the Policy Document.
Personal Accident Coverage
If you qualify for accident coverage, this plan also provides additional benefits which are described below, in case of your death, disability or injury due to accident within the premium paying period:
|100% of face amount|
|Benefit Permanent||100% of face amount|
|Total Disability||100% of face amount|
Permanent Partial Disability Benefit for the following Losses
|100% of face amount|
|Both Hands or Feet or Sight of Eyes||100% of face amount|
|One Hand and One Foot||50% of face amount|
|Either Hand/Foot and Sight of One Eye||50% of face amount|
|Hearing of Both Ears||25% of face amount|
Payments on your Disability
For a small additional premium, you can add Disability Protection Rider (DPR) that provides the following:
In the event of your Total and Permanent disability due to Sickness or Accident:
(1) Future premiums will be waived,
(2) Income equal to 1% of the Face Amount will be paid Every Month to the Child till the maturity of the policy, and
(3) At Maturity, he/she would receive the Face Amount with Bonuses.
As an example, if you are male and your age is 35 Years and wish to buy a 20 - Year Term CPPP Policy for your 2-Year Old Child with the Face Amount of Tk. 1,00,000 (One Lakh), Your CPPP Yearly Premium with DPR and Personal Accident Coverage would be Tk. 7,772/= (This premium will be supported by Willworth Corporation)
You can also add following optional riders to your basic plan by paying additional premium:
Hospital Care: Weekly Benefit when you or your family members are hospitalized due to accident or sickness.
Critical Care: A lump sum payment for you in case of your diagnosis of or actual undergoing of surgery for, as the case may be, any of the covered dread diseases.
Please note that the coverage of Hospital Care, if taken, will be ceased immediately in case of your death or total and permanent disability (under Disability Protection Rider).
The policy will participate in bonus declared in the form of Reversionary Bonus and Capital Growth Bonus (Terminal Bonus), if applicable. Please note that mentioned bonuses are not guaranteed
Other Attractive Features
Cash Value, Paid-Up Value and Extended Term Insurance are guaranteed. Your Premium will never increase, given that you have provided correct information in the policy application form.
Suicide (within two years from the date of issue or from the date of any reinstatement of the policy),
War or AIDS-all are exceptions in this policy. Please read policy document for details on exceptions.
In Case of Policy Lapses
If the premium remains unpaid after grace period (31 days from due date) and has not acquired a Basic Cash Value, Policy shall not provide any value/benefit.
In Case of Policy Surrender
There will be no surrender value if the policy is surrendered anytime during the first 2 years. Upon surrender at any time after 2 years the policy owner will receive cash surrender value as per cash value chart.
1. This plan is underwritten by Willworth Corporation and is subject at all times to the terms and conditions of the Plan Policy and Riders issued by Willworth Corporation. The information contained in the brochure is intended for general consumer understanding only. The values shown in this brochure are for illustrative purposes only. Detailed terms, conditions and exclusions are included in the Policy Document. In case of discrepancy between this brochure and the policy document, the latter shall prevail.
2. The product is not available in the United States, or offered to U.S. persons, for purposes of this statement, a U.S. Person is a citizen or resident of United States (including a U.S. Permanent Resident residing outside the U.S.), U.S. partnership and any trust that is controlled by one or more U.S. persons and is subject to the supervision of a U.S. Court.
3. Supplementary Contracts/Riders (if any) attached with the Basic Policy, will automatically cancel on the termination/ expiry date of the Supplementary Contracts/Riders or at the end of the Premium Payment Term, whichever is earlier.