What are the types of insurance in Bangladesh?

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

This is a draft post,

It has to be edited and fact-checked by Abdul Kadir ACII.

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