Life insurance facility up to Tk 80 lakh with none premium (deposit) are going to be available in AB Bank’s new term deposit scheme ‘AB Nishchinto’. The bank’s director Tariq Afzal announced the inauguration of the deposit scheme at the Sonargaon Hotel within the capital on Monday (January 11th).
It was informed at the inaugural function that the bank is offering this insurance facility just in case of term deposit of any amount from minimum five lakh to maximum. additionally , any Bangladeshi between the ages of 18 and 64 can avail this sediment scheme. the present rate of interest on this 1 year term deposit is 5.50%. The deposit are going to be renewed automatically at the top of the year. If a customer with a deposit of Tk 10 lakh or more dies in an accident, a maximum insurance advantage of Tk 60 lakh are going to be available. just in case of natural death, the utmost insurance benefit are going to be Rs 20 lakh.
Tariq Afzal, director of the bank, said, “We have launched MetLife’s insurance-enabled deposit scheme with the security of depositors in mind.” This program is new stand by the purchasers as a primary generation bank.
Additional director of AB Bank Sajjad Hussain, Deputy director of AB Bank Shamsia I Mutasim and other officials were present at the inaugural function.