More than a year since bancassurance was introduced in Bangladesh, the benefits have proven uneven across the insurance industry.

Claim settlement rises 26% year-on-year

The amount of its settled claims was Tk 9.4 crore higher than premiums deposited

MetLife clients travelling within Bangladesh, hajj pilgrims will get the benefit

Jiban Bima Corporation, a state-run life insurance provider in Bangladesh, witnessed steady growth for the past few years as its subscriber base has expanded even though customers lack faith in the industry.

Life insurance companies in Bangladesh have continued to put more than half of their investments in treasury bills and bonds in the absence of diversified investment opportunities, official figures showed. 

Anwar Hossen, who holds an MBA, works for a private firm and draws a monthly salary of more than Tk 60,000. But he has not purchased any life insurance policy although private sector employees in Bangladesh are not entitled to any pension support and his four-member family will be in trouble if he faces any untimely death.