Meghna Life Insurance Company Ltd. has introduced innovative and attractive policies with a view to attract different class of people of the country. At present Meghna Life Insurance Company is offering the following policies in other 5 (five) different categories:

Ordinary Life (Ekok Bima) :
Meghna Life offers a wide variety of ordinary life product/plans ranging from the most common endowment type to more modern and sophisticated plans like endowment with open term, pension plan, child protection plan, etc. and the aim of increasing pension, increasing protection with provision for premium refund etc. The plans have been designed keeping in view the diverse and multifaceted needs of the insuring public belonging to different strata of the Society.
 
The followings are the Plans of Ordinary Life: (Ekok Bima)
 

Group Insurance :
This scheme has been designed to make the officials and employees of Meghna Life Insurance Co. Ltd. free from tension and financial hardship. With a very small premium, very large amount of Sum-assured may be taken with regard to the risk of accident and premature death. The arrangement of Group Insurance may be made if at least 10 members are there. In case of group term Insurance there may be 5 members. Premium normally be paid on annual basis. The premium of this insurance may be paid fully or partially by the employees and the employers.

Loko Bima :
Loko Bima Project was emerged on 13th June 1998. The aim and object of Loko Bima Project is to arouse 90%. People of the country towards savings and to make them conscious and self-reliant through Insurance. This project plays a very important role in solving social problems of a large number of people by reduction of unemployment, population control, development of cottage Industry, rural development so to say social backwardness etc. The following are the plans of Loko Bima-
 

Islami Bima (Takaful) :
The aim and object of Islami Bima (Takaful) is to provide more financial security of the mass people of this country through this project. This project was introduced to turn Life Insurance into a profitable savings arrangement through payment by instalments on the basis of Islami Shariah and transparent and impeccable servicing.
 
The followings are the Plans of Islami Bima: (Takaful)
 

The project is conformed with a Shariah Council comprising 15 (Fifteen) members.

Islami Khudra Bima (Takaful) :
The object of Islami Khudra Bima (Takaful) is to create habit of savings for the low income group of people of Bangladesh, ensure profit and savings through modern Insurance facilities and to introduce interest free Islami Bima. These are the following plans-
 

Supplementary Hospitalization Insurance Benefit
Those who are within the age of 18 to 55 years, they take this Insurance with the principal policy.
 
Advantages available in the Hospital-
 Staying in the Private room.
 Doctor’s Consultation Fees.
 Diagnosis expenses.
 Surgical Operation expenses.
 Medicine.
 Relevant Services Expenses.
 
The special characteristic of the scheme:
 This advantage may be taken for wife and children of the policyholder.
 Very less premium.
 Any medical facility is available at home and abroad.
 Facilities of any Govt. Hospital or any other Private Hospital with 50 beds
    may be available.
 Medical treatment expenses in any extraneous hospitalization will be
    borne in Bangladeshi Currency.
 Consultation of Doctors may be taken with one’s own choice.
 Rebate of Tax is available.
 
Rules of payment of medical bill of the Hospital-
 The company will directly make payment of the Hospital bills subject to admission in the Hospital approved by the company.
 
 Re-imbursement: If the policyholder himself bears expenses on approved treatment from the Hospital which has no contract with the company, in that case the company will reimburse Hospital bills. But in these cases all the vouchers and papers shall be deposited within 30 days after release from Hospital and the company will arrange reimbursement of those after due scrutiny.

Supplementary Dread Disease Benefit (DDB 50%, 25%)
Disease and old age complicacy is indissolubly linked with human lives. Men can, at anytime be attacked with serious disease and they may not be capable to have proper treatment immediately. In this connection, Meghna Life can provide money for treatment of such fatal diseases by DDB.
 
Whatever Sum-assured may be, the supplementary Insurance cannot exceed 10 lac as facility.
 
If the policyholder is attacked with any of the following disease, 25% of the Sum-assured be paid immediately:

Supplementary Accidental Death Benefit (ADB)
This supplementary Insurance may be taken adjoining the Endowment Assurance, Whole Life Assurance, Term Assurance, Group Insurance or pension scheme. ADB is normally given as supplementary cover with the Principal Insurance policy.
 
The advantages of taking ADB as supplementary cover with any Life Insurance policy is that if any policyholder dies due to accident the nominee of the insured will be provided with an amount equivalent to the Sum-assured within 90 days. The rate of premium is low in this Insurance as a result the Insured can take this policy as supplementary Insurance on nominal condition.

Supplementary Permanent Disability and Accident Benefit (PDAB)
PDAB policy can be taken for death or disability by physical hurt due to accident.
 
In case of death the nominee of the Insured will get an additional amount equivalent to principal Sum-assured. An amount equivalent to the Sum-assured is also paid to the nominee of the policyholder instantly if both hands or both legs or both the eyes or one hand and one leg are lost.
 
In case of fully and permanent disability, the policyholder will be given 10% of the principal Sum-assured for next 10 years since the happening of accident as yearly allowance.
 
In case of one leg or one hand and an eye are lost, the policyholder will be given 50% of the Sum-assured instantly.
 
At the maturity, the full Sum-assured is paid.
 

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