Guardian Life launches ‘Nirbhar’ insurance plan

Guardian Life Insurance Limited has introduced a new insurance plan, Nirbhar, designed to offer regular income benefits after a limited premium payment period.

The launching ceremony was held at the Krishibid Institution Bangladesh (KIB) in Dhaka recently, according to a press release.

Nirbhar allows policyholders to pay premiums for a fixed period within a 10-25-year policy term while receiving life insurance coverage for the entire duration. At maturity, customers will receive the remaining amount along with maturity benefits.

The plan can be initiated with a minimum investment of Tk 1 lakh.

Sheikh Rakibul Karim, additional managing director and acting CEO of Guardian Life, highlighted the company's commitment to customer-centric innovation, stating, "Nirbhar is a simple and reliable insurance plan that will provide financial security to our customers."

Guardian Life currently covers over 1.2 crore policyholders and provides cashless healthcare services through more than 450 partner hospitals. Customers can access these services via the Guardian Life App or its 24/7 helpline, 16622.

With the launch of Nirbhar, Guardian Life aims to further its mission of 'Insurance for All' by making financial protection more accessible and convenient for customers across Bangladesh, as per the press release.