Plan 15: Mercantile Saving Endowment Insurance Plan (With Profit)

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. The scheme applies to those who are not covered by a pension in work or personal life and those who are pensioners but want to have more financial security in old age.


In this plan, the insurance period is 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, and 20 years respectively. The premium in this scheme is not age dependent. The minimum monthly installment of this plan will be limited to Tk 300/= and a maximum of Tk 10,000 (ten) thousand). Premiums can be deposited through Islami Bank or M-Banking. Confirmation SMS will be sent to the insurance customer’s mobile as soon as the premium is paid.


  • Full Sum Assured is paid with profit if the insured survives the term.
  • In case of death of the policyholder at any time before maturity even after partial payment of the sum assured in the first installment, the full sum assured will be paid with dividends till the date of death if the policyholder dies at any time.
  • Deposits are made through low income/cash and receipts are issued immediately ensuring maximum customer service and financial security.
  • Low-income working people can secure retirement or build investable capital.
    As the installments are collected every month, low-income working people can maintain the insurance automatically.