During Nineties some of the leading Bangladeshi professionals thought of being a part to solve nation’s problem of unemployment, poverty, and improve the life of common people. Sudden thought was to create a life insurance company through which major contribution can be made to reduce the socio economic problem of the country. Meghna Life Insurance Company Limited was born with this noble cause in 1996 with the help of some of leading entrepreneurs of the country.
Meghna Life Insurance main objective was to
• Provide insurance products with modern facilities with maximum security.
• Encourage the saving habit of an individual by paying them a bonus from the profit generated from efficient operational and financial management.
• Fulfill social responsibility and hence help the nation by way of carrying out various welfare projects.
Meghna Life has made a landmark in life insurance sector by positioning itself as one of the leading private sector indigenous life insurance company of Bangladesh. Company has products which are innovative and pioneer in the life insurance sector in the country.
Meghna Life Insurance Company Limited’s products are highly diversified and created as per the customer needs and wants. Care has been taken by the company to fulfill religious belief system and products are planned according to it. Currently Meghna Life Insurance has six different categories of products for different class of people and businesses.
• Ordinary Life (Ekok Bima):
This scheme is meant for common man in the country. Plans are wide ranging and meant for almost all sections of the country. There are total twelve ordinary life plan schemes which are designed with a view to provide insurance cover and protection for different class of the society.
• Group Insurance:
This scheme is made for the benefit of employees in such a manner that with a small premium amount, large amount is insured and hence gives employees a sense of financial security for their future.
• Loko Bima:
There are four different schemes in this category. Major aim is to cultivate saving habit among the people and hence to awake 90% of the people in the country and making them financially self reliant during calamity or crisis.
• Islami Bima (Takaful):
All the twelve schemes designed under this plan are based on the principle of Islami Shariah and motivate people more and more towards saving the money. Premiums under these schemes can be paid in installments.
• Islami Khudra Bima (Takaful):
This scheme is meant for low income group of people in the country and is based on principles of Islamic Shariah. There are four different schemes under this category:
- Endowment Insurance – with profits.
- Child Protection Endowment Insurance – with profits.
- Islami Khudra DPS – with profits.
- Single Premium Guaranteed Insurance – with profits.
• Supplementary Hospitalization Benefit
This scheme provides financial assistance to its customers during hospitalization. Major advantage in this scheme is that it covers surgical, diagnostic, medicinal and doctor’s consultation expense apart from room staying expenses.
Meghna Life Insurance Company has grown to an height due to transparency, accountability, sincerity, honesty and integrity in its operation and services to the customers and hence the nation. Company’s Chairman was awarded Commercially Important Person Status in 2010 which is a great honor for the company. There remains no doubt that Meghna Life will go forward leaps and bounds with its new missions and visions in the days to come.
Meghna Life Insurance Company LTD. enlisted in Dhaka Stock Exchange in 2005, it’s been rated as “A” category share under the insurance sector as on 15-11-2014
Contact Information of Meghna Life Insurance Company:
Address: Biman Bhaban,(2nd Floor),100 Motijheel C/A, Dhaka-1000
Contact Phone: 9558297, 9558993, 9556204
Web Address: www.meghnalife.com