Guardian Life Insurance Limited has introduced an insurance package called "Corona Safety Net" for the bankers considering the high risk of exposure due to the coronavirus while performing duties during general holidays.
The company developed the insurance policy in response to Bangladesh Bank's direction to all commercial banks to provide Covid-19 insurance coverage to the bankers who are working during this crisis moment, says a press release.
"The plan will provide an instant one-off payout of Tk5 lakh to Tk10 lakh in case of an insured bank employee being diagnosed as a Covid-19 positive patient. In addition, hospitalisation benefit for the virus treatment up to Tk5 lakh will be provided," said MM Monirul Alam, managing director and chief executive officer of Guardian Life.
"In case of death of an insured bank employee due to the coronavirus, Tk25 ;akh to Tk50 lakh will be paid to the family as death Benefit," he said.