bKash, Guardian Life to ensure customers’ future security

Mobile financial service provider bKash has signed an agreement with Guardian Life Insurance Limited to ensure future security of their customers by providing paperless insurance policy through the bKash app.

From purchasing policy to paying insurance premium to receiving claim payment; everything can be done from the bKash app. There is an opportunity to purchase various types of insurance policies of Guardian Life through the app, bKash said in a statement.

Customers can avail policies of yearly premiums ranging from Tk 150 to Tk 3,499 using the bKash app and can get life coverage of Tk 1 lakh to Tk 5 lakh. In addition, they can avail health coverage of Tk 50,000 for treatments.

bKash Chief Commercial Officer Ali Ahmmed said, “Effective financial inclusion is being ensured by using digital technology for basic financial services like insurance. Guardian Life Insurance and bKash have already set that example by launching digital insurance service jointly. We are continuing our efforts to make life easier, safer and hassle-free by bringing such integrated services for the customers.”

Guardian Life acting CEO Sheikh Rakibul Karim said, “Guardian Life is putting efforts to take Bangladesh’s insurance sector to global standard through ‘Insurtech’ and to go further towards achieving inclusive insurance. We are the first to bring end-to-end digital platform, EasyLife, which offers services like paperless insurance purchase and insurance claims through eKYC. We are continuing our joint effort to cater digital insurance service to everyone, by leveraging bKash’s customer base of more than 62.5 million.”