Uncertainty is a part of life. Still, Mohammad Nazmul of Munshiganj purchased a life insurance policy for his mother, thinking about future security.
Nazmul’s mother died of physical illness suddenly. He faced harsh reality as well as financial hardship. Just then, he received Tk1.5 lakh as an insurance claim from Guardian Life’s digital insurance ‘Prottoy’, which he availed at the cost of Tk250 from the BKash app in the name of his mother. This money brought a sigh of relief to Nazmul’s family.
Insurance services are popular globally for various needs including health protection, and financial security. Like other countries in the world, digital insurance services are now available in Bangladesh with the use of technology, reads a press release.
One can avail of this paperless insurance policy from anywhere through the BKash app anytime. By availing of Guardian Life insurance for his loved one from the insurance option of the BKash app, Nazmul got a huge relief in his time of need.
Nazmul said: “I had trust in the BKash app. I have been using various services of the BKash app for a long time. I purchased a Guardian Life Insurance policy after seeing the insurance option in the app and it was easy to avail. Even the insurance claim did not take much time and I got the money in the shortest possible time without any hassle. Digital insurance has been like a friend in the time of crisis.”
From purchasing policy to paying insurance premiums to receiving claim payments; everything can be done from the BKash app. There is an opportunity to purchase various types of insurance policies from Guardian Life through the BKash app.
Customers can avail of policies of yearly premiums ranging from Tk150 to Tk3,499 using the BKash app and can get life coverage of Tk1 lakh to Tk5 lakh. In addition, they can avail health coverage of Tk50,000 for treatments.
Chief Commercial Officer of BKash Ali Ahmmed said: “Effective financial inclusion is being ensured by using digital technology for basic financial services like insurance. Guardian Life Insurance and BKash have already set that example by launching digital insurance services jointly. We are continuing our efforts to make life easier, safer and hassle-free by bringing such integrated services for the customers.”
Acting CEO of Guardian Life Sheikh Rakibul Karim said: “Guardian Life is putting efforts to take Bangladesh’s insurance sector to global standard through ‘Insurtech’ and to go further towards achieving inclusive insurance. We are the first to bring an end-to-end digital platform, EasyLife, which offers services like paperless insurance purchases and insurance claims through eKYC. We are continuing our joint effort to cater digital insurance service to everyone, by leveraging BKash’s customer base of more than 62.5 million.”
This unique service of availing of insurance from anywhere, anytime and getting insurance claims has boosted Nazmul’s confidence. To provide some financial security for an uncertain future, he has taken Guardian Life’s digital insurance policy for himself and his family members. According to Nazmul: “There is no such security scheme like Prottoy for a family.”
