LankaBangla Finance has introduced two unique deposit schemes "Swasti" and "Protiva" with life insurance coverage free of cost in Bangladesh.
The main objective of these landmark deposit schemes is to build regular savings habits with an assurance of getting full maturity value for any unanticipated incident. LankaBangla Finance will pay the premium on behalf of the customers, according to a press release.
“Swasti” - “Money Builder” (DPS) scheme is a saving scheme where the customers will get dual benefits. Any Bangladeshi or Bangladeshi staying abroad (18 to 65 years) can receive various benefits from this scheme.
“Protiva” – “Money Builder” (DPS) scheme for the new generation to explore a new horizon. Exclusively designed for the children (under 18 years) to get full maturity value in case of any unanticipated incident of the guardian.
Other features of these two schemes are - flexible tenure between 24 and 60 months, scheme size as low as Tk 500, tax rebate, loan facility, flexible monthly payment system and multiple payment channels.
In this regard, Senior Executive Vice President & Head of Retail Business, LankaBangla Finance Limited, Khurshed Alam said, “Thinking about the future of the customers, we come up with two innovative and new deposit schemes, "Swasti" and "Protiva" with insurance coverage. We are hopeful that the "Swasti" deposit scheme will ensure a carefree life for the customer and the "Protiva" deposit scheme will ensure the safety of future generations.”