Social Islami Bank offers insurance coverage for clients

Social Islami Bank Limited is offering insurance coverage for its deposit and investment clients.

According to a press release issued today, nominees will get up to Tk15 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 Tk3 lakh life insurance coverage.

Nominees of consumer finance clients are also entitled to avail this life insurance coverage up to Tk15 lakh and this insured amount can be used for investment repayment also, the press release reads.