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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I’m working at federal insurance company. Now how can I become agent. Someone help me.