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Thursday, 20 February 2020, 03:31PM

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SBC to introduce ‘Bangabandhu protection insurance’ policy soon

Business

Mahfuzaul Islam, Senior Correspondent, Barta24.com | 12 February 2020, 11:19PM

SBC to introduce ‘Bangabandhu protection insurance’ policy soon
Photo: Collected

Government owned Sadaharan  Bima Corporation(SBC) is going to introduce a policy at Taka 115 in connection with the birth centenary of Bangabandhu Sheikh Mujibur Rahman. The new policy has been named 'Bangabandhu Protection Insurance', which will be of one year.  Of the Taka 115, Taka 100 will be the premium while Taka 15 will be VAT.

The SBC has submitted a proposal to the Insurance Development and Regulation Authority (IDRA). After the final approval of the IDRA, the SBC will start the program.

According to SBC data, the company currently has an insurance company called People's Policy of Accident (PPA). The maximum compensation for that policy is Taka 1 lakh. For this you can make this insurance with a premium of Taka 60 and a total of Taka 69 with VAT.

On the occasion of the birth centenary of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman, a compensation of Taka 2 lakh has been proposed for the insurance paying a premium of Taka 100. If someone dies after receiving this insurance service, his compensation will be Taka 2 lakh. The insurer will receive compensation even if you are injured in an accident.

If one lose his one organ he will get Taka 50 thousand; loses two organs will get Taka 1 lakh as compensation.

In this regard, Managing Director (MD) of SBC Syed Shahriar Hossain told barta24.com that we have decided to introduce 'Bangabandhu protection policy' on the occasion of birth centenary  of the Father of the Nation after the proposal is approved. First, all the officers and employees of the SBC will be covered by the policy. In addition to this, there is an opportunity to insure this for everyone in the country.

He said if a person loses one of his hands, legs and eyes in an accident such as a major accident, he will get compensation of Taka 1 lakh. If you lose two, you will get compensation of Taka 2 lakh. There will be also compensation for other limbs.