Several pioneer telecommunications companies of Bangladesh – Grameenphone, Robi, Airtel and Banglalink – are offering beneficial mobile insurance plans for their valuable customers under certain rules. In this article, we would focus upon the key features of the best mobile insurance offers in Bangladesh. Stay with us!
What is Mobile Life Insurance?
‘Mobile Life Insurance’ is a special kind of Life Insurance program offered by the telecommunication service providing companies. It provides protection against the subscribers’ risk-burden of life-loss through cash benefit. And, the monetary compensation is paid at the event of death, or accident, or hospitalization of the registered subscriber.
Unlike general life insurance programs, the mobile life insurance plans don’t require their subscribers to deposit premiums. The subscribers are required to follow some procedures like registration to avail these insurance benefits.
Life Insurance Plan ‘Nirvoy’ by Grameenphone:
Grameenphone (GP), the pioneer telecommunication service provider in Bangladesh has launched a life insurance plan called ‘Nirvoy’ for their valued subscribers in 2013. Unlike the regular life insurance products, ‘Nirvoy’ is a free life insurance plan which is availed by the GP customers (prepaid and postpaid)through recharging a nominal amount to their respective GP SIM numbers.
The goal of ‘Nirvoy’ life Insurance plan was to bestow an opportunity to the GP subscribers to minimize the risk-burden upon their lives. Under this life insurance product, GP is supposed to provide monetary compensation when any registered customer succumbs to death during his/her covered insurance period.
The above graph represents the slab-wise Life Insurance coverage under ‘Nirvoy’ plan. The insurance plan starts from the minimum monthly recharge of 150 BDT. ‘Nirvoy’ life insurance coverage, GP offers maximum 50,000 BDT for their honorable subscribers who recharge 500 BDT or more per month. To avail this offer, the GP subscribers need to register through mobile phone (via USSD) or visit any nearby GP service point.
Life Insurance Offer ‘Daktarbari’ by Banglalink
Banglalink (BL) has launched a digital health care platform ‘Daktarbari’ on the 22nd August in 2019. ‘Daktarbari’ Premium Services include three types of Insurance benefits. Those are:
- Hospitalization Cash Coverage Insurance
- Accidental Medical Reimbursement Insurance
- Life Insurance (Complimentary).
To provide the insurance benefits under ‘Daktarbhai’ platform, the covered subscribers are divided into five categories on the basis of monthly deduction from their respective BL mobile accounts.
Table 1: Banglalink ‘Daktarbari’ Insurance Coverage for Daily Plan.
Monthly Deduction from Subscriber(BDT)(Excluding Tax)
|Complimentary Life Insurance (BDT)||Cash Coverage for Hospitalization (in one month)||Accidental Medical Reimbursement (in one month)|
To avail these insurance benefits, the BL customers can choose the daily (2 BDT + Tax), monthly (50 BDT + Tax) or yearly (575 BDT + Tax) charge deduction plan.
Insurance offer ‘Myhealth Combo’ by Robi
RobiAxiata Ltd offers life insurance as well as hospitalization cash insurance benefits under their ‘Myhealth Combo’ service since November 2016. Complying with the terms of Myhealth Combo plan, the covered subscribers have been categorized into seven slabs on the basis of their chosen monthly deduction plan.
The Life insurance benefits under Myhealth Combo plan fall under monthly policy. The insurance coverage would be provided to the nominee (chosen by the eligible subscriber) at the event of the covered subscriber’s death caused by any reason, like natural or accidental.
Table 2: Insurance Coverage under Myhealth Combo Plan by Robi
|Service Plan Type||Monthly Deduction (Excluding VAT, SC,SD) (BDT)||No. of Deduction Per Month||Insurance Coverage (BDT)||Hospital Cash Insurance (BDT)|
‘Hospital Cash Insurance’ offer under ‘Myhealth Combo’ service is a monthly policy. Unlike ‘life insurance coverage’ the hospital cash insurance is not available to all Robi subscribers. It is availed by the eligible Robi customers who have subscribed for service plan type 5 to 7 (see table 2). The Robi subscribers can register this service through USSD.
Life Insurance Coverage under ‘Myhealth Combo’ Offer by Airtel
Airtel Bangladesh Limited has launched Digital health platform ‘Myhealth Combo’ plan. The subscribed Airtel customers are divided into five categories under ‘Myhealth Combo’. Not all subscribers are eligible for insurance benefits.
Table 3: Insurance Coverage under Myhealth Combo Plan
|Category||Total monthly Deduction in BDT (Excluding VAT, SC,SD)||No of Deduction Per Month||Hospital Daily Cash Benefit (BDT)||Life Insurance Coverage (BDT)|
The ‘Hospital Cash Coverage’ benefits are quite similar to the hospitalization monetary compensation offered by Robi’s ‘Myhealth Combo’ plan. The last three slabs (category 3 to 5) are eligible for hospitalization cash insurance. A covered Airtel customer can avail a maximum of 1000 BDT for monthly deduction of 60 BDT (excluding VAT, SC, & SD). The ‘Airtel’ Subscribers can register for the mobile insurance under ‘Myhealth Combo’ plan via USSD.
Mobile Life Insurance offers protection to the “insured” subscriber and his/her family by paying a monetary compensation at the event of loss of life. Some mobile insurance plans include accidental reimbursements and hospitalization cash benefit.
Grameenphone (GP) has brought ‘Nirvoy’ life insurance plan for their trusted customers. Under this plan monetary compensation is provided at the event of the covered subscriber’s death. A covered subscriber can get life insurance benefit of 50000 BDT at maximum.
Banglalink (BL) provides mobile insurance benefit under their digital health platform ‘Daktarbari’. These insurance benefits include coverage for hospitalization, accident, and death. Here all slabs are applicable for complimentary life insurance benefit of 10,000 BDT. The eligible subscribers can avail up to 30,000 BDT for hospital cash coverage and maximum 5000 BDT for accidental reimbursement.
TheRobi subscribers can enjoy mobile insurance under the ‘Myhealth Combo’ service offered by the company. Robi offers insurance benefits for occasions of hospitalization and death. On the highest end, a covered Robi customer can get 60,000 BDT for life insurance and BDT 20000 BDT for hospital cash coverage per year.
Airtel provides mobile insurance offer under ‘Myhealth Combo’ service. The ‘hospital cash benefit’ offer is almost analogous to the propositions of Robi’sMyhealth Combo service.
So far we have discussed several mobile insurance offers provided by the major telecommunication service providers in Bangladesh. These benevolent offers can bestow support to many people in their rainy days.
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