Mercantile Islami Life Insurance Ltd.

Mercantile Islami Life Insurance Ltd. has emerged as one of the leading full-fledged Islami Life Insurance Companies in the country commenced in 2nd September ‘2013 and have, by the grace of Almighty Allah, been able to bring confidence among the common people of the country. We are aiming to be the premier Islami Life Insurance company in Bangladesh within the next few years. We will serve the policyholders with utmost care and provide the best solution for their needs.

Promise Of Mutual Companionship

Mercantile Islami Life Insurance Limited was authorized as a public company under the Companies Act 1994 in Bangladesh on 25 September 2013 to conduct all types of life insurance activities. The company received the registration certificate from RJSC on 02 September 2013 for carrying out business activities. Obtained registration by IDRA on 25th September 2013 under Insurance Act 2010.

Since its inception in 2013, it has established itself as one of the Shariah-based life insurance companies in the private sector. Within a short span of time, Mercantile Islami Life Insurance Limited has been able to prove itself as the most trusted, transparent and fully automated Shariah based life insurance company in the country.

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Years of service

  • ফজর
  • যোহর
  • আছর
  • মাগরিব
  • এশা
  • সূর্যোদয়
  • ভোর ৩:৫৫ পূর্বাহ্ণ
  • দুপুর ১১:৫৮ পূর্বাহ্ণ
  • বিকাল ৪:৩২ অপরাহ্ণ
  • সন্ধ্যা ৬:৩৭ অপরাহ্ণ
  • রাত ৮:০০ অপরাহ্ণ
  • ভোর ৫:১৬ পূর্বাহ্ণ

Premium Policy Information

Plan 18: Child Education Insurance Plan (Non-Profit)
Plan 13: Pension Plan
Plan 06: Hajj Bima With Profit
Plan 09: Single Premium Insurance Plan
Plan 01: Biennial Payment Plan (With Profit)

Introduction: Under this plan, on one hand, the beneficiary child is guaranteed to receive a large amount of money on maturity, and on the other hand, in case of death of the premium payer during the term (God forbid), there is a financial security system to fulfill the parents' dreams

Features: This plan assures the policyholder to receive annual pension stated in the policy document for a guaranteed period of ten years and as long as he/she is alive thereafter. This plan also assures the nominees of the policyholder to receive ten times the amount of annual pension for immature

Features: This plan assures the policyholder to receive the full sum assured together with accrued bonuses on maturity. The nominee of the policyholder will receive full sum assured with accrued bonuses on death of the policyholder. Minimum policy term would be for 5 years, and maximum would be for 15

Features: This plan assures the policyholder to receive twice of the basic sum assured at the maturity of the policy or to the nominees for immature death of policyholder Premium to be paid on single installment. Policy term would be for 6 years to 15 years respectively. Minimum face amount/

Features: For ten year term, the policyholder will receive: 20% of the basic sum assured at the end of the 4th year, 6th year and 8th year after commencement of the policy; 40% of the basic sum assured together with accured bonuses on maturity of the policy.   For fifteen

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Find our company latest android apps from Google Play Store. Policy holder can find out their policy information, pay policy premium, other insurance information, Hospital information, company information and many more. Employee can find out their information here.

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Office Information

 

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We can help you find your suitable policy.

A life insurance policy from Mercantile Islami Life Insurance  can help protect your loved ones in the event of your passing.

Mr. M. Kamal Uddin is one of the country’s renowned and successful Industrialists and well-experienced international businessmen. He is holding a degree of Bachelor of Commerce (B.com). Currently, he is the proprietor of CBM Consortium. He is the Chairman of Mercantile Insurance Company Ltd. He is also the Managing Director of Chittagong Builders   Machinery Ltd., Merchant Securities Limited, and Sifang Securities Limited. He is also the Director of Human Resources Development Co. Ltd., Central Hospital (PVT) Ltd., ASM Chemical Industries Ltd., and Universal Health Services   Research Ltd. He is also a Veteran in the Stock Market Business. He is a well-known Social Organizer and a man of Islamic Personality.

Md. Kamal Uddin

Honorable Adviser

Frequently Asked Question

Life insurance is a contract between a life insurance company and a policy owner. A life insurance policy guarantees the insurer pays a sum of money to one or more named beneficiaries when the insured person dies in exchange for premiums paid by the policyholder during their lifetime.

Life insurance is important because it provides financial security to the family in case of the unfortunate death of the policyholder. Life insurance can enable the family of the policyholder to stay financially independent so that they do not have to compromise their lifestyle.

A life insurance premium is the amount of money paid to your life insurance company in exchange for your life insurance coverage. As long as your premiums are paid on time, your coverage will remain in place for the duration of your policy, which protects the financial security interests of you and your designated beneficiaries.

You will check your policy information any time, anywhere in the world using apps and Milil website. For check your policy information you just need to know your policy number.

Policy holder can pay their payment using online payment from apps, website. You can use Mastercard, Visa card, Nagad, bKash, Upay, Other Banking apps.

You can contact us anytime using our call center number : 03609001122. You can message us through facebook.

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Insurance Plan

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Clients

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Hospital Network

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Offices