What are the types of insurance in Bangladesh?

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What are the types of insurance in Bangladesh?

May 13, 2022

Like all other financial products, insurance has a wide classification in Bangladesh.

Basically, insurance can be classified in various ways in Bangladesh.

Nature of risks :

Life insurance and
General (non-life) insurance.
Composite insurance

Operation type:

Takaful Insurance
Traditional Insurance
Takaful Window Insurance

Specialty classification:

Insurance company
Reinsurance company
Coinsurance company
Health Insurance
Agriculture Insurance

Classification of life insurance products:

Whole life
Endowment
Annuity

Types of whole life insurance policies:

Term whole life insurance
Whole life insurance

Types of endowment life policy:

Nonprofit endowment life insurance
With profits endowment life insurance
Full endowment life insurance
Low-cost endowment life insurance
Unit-linked endowment life insurance

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