Social Islami Bank Limited (SIBL) is offering insurance coverage for its deposit and investment clients.
In a statement on Sunday, SIBL said nominees will get up to Tk 15 lakh life insurance coverage on the insured value of monthly savings scheme (DPS) in case of unexpected death of the client.
Nominees of savings account holder are also eligible to avail up to Tk 3 lakh life insurance coverage.
Nominees of consumer finance clients are also entitled to avail this life insurance coverage up to Tk 15 lakh and this insured amount can be used for investment repayment also. Every account is Shariah compliant, the statement added.