Low income people of Bangladesh such as farmers, labor cooperatives, herdsmen, fishermen, blacksmiths, potters, weavers, housewives and all levels of people staying in the country and abroad can get the benefit of life insurance under this scheme. This scheme is applicable to those who are not covered by pension either in work or personal life and those who are pensioners but want to have more financial security in old age.
The term of insurance in this plan is 6, 7, 8, 9, 10, 11, 12, 13, 14, and 15 years respectively. This plan has a minimum monthly installment starting from Rs.500/= to pay the premium in the presence of the insurable interest of the customer. Premium can be deposited at home as premium can be deposited through online payment options including Bikash, Nagad, Mcash. Confirmation SMS is given to the policyholder’s mobile after depositing the premium.
Full Sum Assured is paid with profit if the insured survives till maturity. In case of death of the insured at any time before the maturity even after the first installment is paid and at any time in case of death of the insured the entire sum assured will be paid along with the profit earned till the date of death. Low-income working people can secure retirement or build investable capital. The installments are collected every month so that low-income working people can maintain the insurance automatically