Dhaka, Thursday, 30 June 2022

IDRA launches 3 insurance policies to mark Bangabandhu's birth centenary

IDRA launches 3 insurance policies to mark Bangabandhu's birth centenary

Apparel Correspondent: The Insurance Development and Regulatory Authority (IDRA) has launched three insurance policies marking Bangabandhu's birth centenary.

The three policies are Bangabandhu Suraksha Insurance, Bangabandhu Education Insurance, and Bangabandhu Sportsman's Comprehensive Insurance.

Dr M Mosharraf Hossain, Chairman of IDRA gave the information at a press conference held on the occasion of National Insurance Day-2021 at the head office of IDRA on Saturday, February 26.

Bangabandhu Suraksha Insurance

The coverage facility of Tk 2 lakh will be available with a one-time premium of Tk 100 for taking the policy. The term of insurance is one year but can be renewed later. Citizens between the ages of 16 and 65 can take this policy. However, in the case of garment workers, the age limit is 14 to 65 years.

Bangabandhu Education Insurance

This policy can be taken for students aged three to 17 years with an annual fee of Tk85. Parents or a legal guardian will be insured. The age of the guardian should be 25 to 64 years. The term of the policy is related to the age of the student. In this case, the policy will expire on the student's 18th birthday. If you insure for a three year old student, the term will be 15 years. The will be one year for 17 year-old student. If the parent is disabled in an accident during the policy term, a stipend of Tk 500 per month will be given under insurance for the rest of the policy term.

Bangabandhu Sportsman's Comprehensive Insurance

With an annual premium of Tk 285, a player can ensure the safety of the overall risk of life. This policy can be adopted in three categories. Category-1: TK 1,00,000 will be given to protect against the risk of death due to accident or death due to physical injury. Category-2: Insurer will get Tk 50,000 as the protection of liability from third party. Category-3: Insurer will get compensation of Tk 10,000 for sports equipment accident.