News Life and Health19 Jun 2023

Bangladesh:More than 40% of life insurance policies lapse after the first year

19 Jun 2023

Almost half (45%) of life insurance policyholders in Bangladesh do not pay premiums after the first year, Mr Mohammad Jainul Bari, chairman of the Insurance Development and Regulatory Authority (IDRA), has said. About 70% of policies are not renewed at some companies in the second year.

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