Life Insurance for Future Safety of Engineers

Life Insurance for Future Safety of Engineers

Friends, today I have come to you with a slightly different idea about those of us who are engineers. Looking at the title of this post, it is clear that it is written for the safety of our lives. Here is an attempt to inform about life insurance in simple language.

The issues that we will discuss in life insurance today are:
1. What is life insurance?

2. Why do we insure?

3. How many life insurance companies are there in our country?

4. What are the benefits of life insurance companies in Bangladesh?

life insurance
The details of the above points about life insurance are given:
1. What is life insurance? Life insurance is a type of contract in which the person taking out life insurance pays a fixed amount of money in lump sum or for a fixed period of time according to his contract. And in the middle of this period, if the insured dies or the period expires, the insured receives the prescribed amount of money. In a word, the same is called life insurance.

2 Why do we do life insurance?

The work that electrical and electronics engineers usually do is quite risky and engineers often have to face various dangers while doing these jobs. So it is important for every engineer to have life insurance for the safety of life, because not only for the safety of an electrical or electronics engineer, his family also depends a lot on him. So it is very important for all engineers to do life insurance.

3. How many life insurance companies are there in our country?

Among the many types of insurance in our country, today we will discuss about life insurance and try to know what life insurance companies are in Bangladesh. There are forty-three (43) non-life insurance companies in Bangladesh and a total of seventeen (18) life insurance companies.

life insurance
Today, as we will discuss life insurance, they are highlighted:
1. Delta Life Insurance Company, II. Baira Life Insurance Company, 3. American Life Insurance Company (outside company), 4. Frost Islamic Life Insurance Company, 5. Meghna Life Insurance Company Limited, 6. Homeland Life Insurance Company Limited, 6. National Life Insurance Company Limited, 6. Popular Life Insurance Company Limited, 9. Padma Life Insurance Company Limited, 10. Progressive Life Insurance Company Limited, 11. Prime Islamic Life Insurance Company Limited, 12. Sunflower Life Insurance Company Limited, 13. Sandhani Life Insurance Company Limited, 14. Rupali Life Insurance Company Limited, 15. Sunlife Insurance Company Limited, 16. Pragati Life Insurance, 16. Golden Life Insurance Limited.

There are a total of seventeen (17) life insurance companies in Bangladesh. There is another category among them, if you are interested in life insurance then you should do life insurance in A plus (A +) category. Because their service will be better than the food, that’s normal.

4. What are the benefits of life insurance companies in Bangladesh?

According to the rules of Bangladesh, there are two types of life insurance, one is life insurance and the other is life insurance. The premiums of lifetime life insurance range from Rs. 1 lakh (Rs. 1,00,000) to Rs. 80 lakh (Rs. 60,00,000). And their term starts from twenty (20) years and lasts for thirty (30) years. For those who have a short term health policy, the total premium ranges from Rs. 20,000 to Rs. 160,000. And their term is usually five (05) years. Short-term health policy pays a one-time payment.

life insurance. The cost of life insurance for a lifetime is high because the life insurance company may have to pay benefits for decades after the expiration of the term. In that case, the cost of short-term life insurance is lower.

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