Millennium Education Scheme

Free education is only up to high school. If you want your child to go to private school/college the Millennium Education Scheme provides a perfect opportunity to start saving for your child’s college education and more.

The returns are also perfectly timed with the age of your child when they will need these finances.

BENEFITS

Protection

Tax Rebate

Survival Benefit

Premium waiver upon death

Term rider benefit

Claim Checklists

Survival Benefit

To process the Claims online, fill out Customer Updation Form (available @www.ricb.bt). Mail the duly filled up form to contactus@ricb.bt. The claims will be directly deposited to an individual Bank Account
Original Policy Document or a duly issued duplicate document
Revenue stamp
Discharge voucher has to be signed & witnessed

Maturity Benefit

Original Policy Document or a duly issued duplicate document
Copy of Citizenship Identity Card
Revenue stamp
Discharge voucher has to be signed & witnessed

Death Claim

Intimation Letter
Claimant’s Statement duly signed by the nominee along with a witness
Certificate by Employer if the deceased was employed
Proof of Death (Death Certificate, a Letter from Ministry of Home & Cultural Affairs, Police or Gup in case of death outside hospital premises)
Copy of Citizenship Identity Card of both the deceased and the nominee
Original Policy Document
Investigation Report in case of very early death claim

Surrender

Surrender Form (available @www.ricb.bt)
CID Copy
Original Policy Document

Revival

Ordinary Revival Form (available @www.ricb.bt) only if the policy has lapsed for less than one year.
Health Declaration Form (available @www.ricb.bt) if the policy has lapsed for more than one year.

Claim Forms

Maturity Benefit