Bancassurance

Key Features of Bancassurance

In touch with tomorrow

Perfection at its finest

Building a better tomorrow

As sure as the sun shines

What is Bancassurance and why partnering with Guardian Life

Bancassurance is a form of partnership with Banks and Life Insurance Company to sell Life & other insurance facilities. While tagged with banking products, this can be a perfect tool to hedge the credit risk arising due to death & other insurable health hazards. To put it simply, Bancassurance tries to exploit synergies between both the insurance companies and banks. Bancassurance if taken in right spirit and implemented properly can be win-win situation for all the participants’ viz., banks, insurers and the customer.

When you partner with the Guardian Life Bancassurance team, you will find it’s our people who build lasting, collaborative relationships with you-providing greater value to your Banking business. Our team of experts is ready to analyze your needs and create an innovative cost-effective solution designed to enhance the value of your customers. We hold the commitment of our sponsor’s i.e. Apex, Brac & Square “to revolutionize the insurance spectrum of Bangladesh”. We are excited to partner with you.

Benefits for Bank Customers

Safeguarding the family from the difficulties of giving the loan back.

Creating Resort for Bad times. Even after immense health hazards that might lead to disabilities; installment payments will not hamper.

Health benefits as add-on benefit that comes with Life coverage.

Benefits for Banks

Increasing Revenue through the sale of insurance products (Minimum investment with high return. More utilization of existing Channels/Branches/Sales Points)

Minimizing Credit risk exposures in Mortgage/Personal/SME/Loan & Credit cards.

Motivating Staffs through additional income opportunity through incentives/commission income earned from selling Insurance Products.

Credit Risk Mitigation Products

Credit Card Shield

Having credit card is good while you are active and earning enough to pay the bills. But due to any sudden unexpected incident may make your credit card outstanding a serious burden for you and for your family. Our credit card shield product will remain as a trusted friend designed to give relief to cover the uncertainties.

Mortgage Risk Diversification

Home or flat loan takes you to your dream residence. What if, you could take a sigh of relief that even if you face the unwanted destiny, your family members will not face any trouble. Our mortgage product is to ensure that your family remain safe at your dream home.

Personal Loan risk Diversification

Whatever your personal loan is for, you can enjoy it more knowing there’s help to cover your repayments just in case. Whether the need is due to disability or natural death, this insurance can help cover monthly loan payments and protect the insured from default.

SME Loan Risk Diversification

Are you formulating a SME business plan and getting ready to take SME loan from bank but anxious about the uncertainties to repay the loan in case of any unfortunate incidents? Then we are happy to make your life worry free regarding the investment because we offer individuals and small business owners the opportunity to purchase SME insurance plan at great rates

Benefit Plans

Many employers consider employee benefits as just a cost of doing business. Our experienced and knowledgeable employee benefits team will partner with you to develop the employee benefits package that truly meets your employees’ needs.

Depository Insurance Products

Casa Assurance Products

Guardian life offers attractive deposit insurance scheme for current and savings account for the bankers who will get benefitted in the long term or in case of any unfortunate incidents.

Women Bancassurance

In today’s day and age, women are empowered socially and are working shoulder to shoulder with men in almost every profession. Whether you are single, married or breadwinning, you, as a woman, play an important role for those near and dear to you. Guardian Life presents much-needed protection and financial security catering to different financial needs of women.

Customized Deposit Insurance Plans

Everybody wants to protect their families, yet every family is different. So why not your deposit insurance plan be customized as per your need. We provides a range of deposit insurance solutions that will give you and yours family the best possible protection.

Student Assurance Products

Going out abroad for studies. Make it more memorable & tension free with our student assurance plan which will safeguard you from any unfortunate accidents and illness.

Senior Citizen Protection

Segment banking is popular now a days. Senior citizens feel privileged if there bank taken special care for them. We are also ready to add more values to the senior citizen account of your bank.

Benefits we are offering

ADB (Accidental Death Benefit)

ADB is a policy that pays benefits to the beneficiary if the cause of death is directly from an accident caused through external and violent means.

Maternity Insurance Benefits

Maternity insurance is a supplementary benefit that will cover maternity treatment expenses to the insured during the period of coverage inclusive of child birth expenses.

PTD (Permanent Total Disability)

PTD is any lasting disability from your work injury or illness that affects your ability to earn a living. This benefits can be recognized immediately in case of total and irrecoverable loss of sight of both eyes, and two or more limbs (at or above wrist or ankle).

HI (Hospitalization Insurance)

Hospitalization Insurance is a supplementary benefit that will cover the hospitalization treatment expenses to the insured due to illness or injury sustained during the period of coverage inclusive of pre-admission and post discharge follow up treatment expenses.

CI (Critical Illness)

If you are diagnosed with Critical illness, you can focus on recovery with support from Guardian Life CI illness solutions. Critical Illness cover is a supplementary benefit in which the insurer is contracted to typically make a lump sum payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy.