Bima Life Insurance

What is Bima life insurance?
Bima Life Insurance is a life insurance policy, with cumulative life insurance cover, offered for FREE to Robi pre-paid subscribers who register for the offer. Each registered Robi subscriber earns insurance cover each calendar month depending on his/her airtime usage; the more airtime used, the more insurance cover earned. Bima Life Insurance is underwritten by Pragati Life Insurance Limited


How does a subscriber register for Bima Life Insurance?
A subscriber can register for Bima Life Insurance by either visiting one of Robi’s WICs, or through self-service registration using the handset by dialing*1216*1#to access USSD menu.

What does Bima Life Insurance cover?
Bima Life Insurance covers the registered subscriber.Bima Life Insurance will pay out the insurance benefit in the event of death from all causes, accidental and natural (subject to the exclusions outlined in the policy contract electronically signed duringregistration), to a nominee of the subscriber’s choice who is a direct relative

How much does a subscriber need to pay for Bima Life Insurance?
The subscriber does not need to pay any fees to register for Bima Life Insurance. However, to be actively covered by Bima Life Insurance each month, the subscriber needs to first use at least BDT 250 of airtime in one calendar month to start earning insurance cover and must maintain an airtime usage of at least 150 each calendar month in order to maintain the insurance cover balance earned in previous months.

How does a registered subscriber earn insurance cover and how much insurance cover is being provided?
A registered subscriber earns and accumulates insurance cover by using airtime. Since the insurance cover provided is cumulative, the total amount of insurance cover provided depends on how much the subscriber has accumulated so far. The maximum amount of insurance cover that can be accumulated is BDT 50,000. The following table gives the insurance cover provided for different slabs of airtime used

Value of airtime used in previous calendarmonth	Incremental insurance cover earned for current calendar month
BDT  150 – 249	Policy stays active, but no additional insurance earned
BDT  250 – 349	BDT  4,000
BDT  350 – 499	BDT  6,000
BDT  500 and above	BDT  8,000
Less than BDT 150	No insurance coverage. The subscriber starts from zero.

For example, if the subscriber registers for Bima Life Insurance and uses BDT 250 of airtime in Month 1, the subscriber earns BDT 4,000 worth of insurance cover in Month 2; the subscriber’s total insurance cover in Month 2 will be BDT 4,000.
In Month 2, if the subscriber uses BDT 350 of airtime, the subscriber earns BDT 6,000 worth of insurance cover in Month 3; the subscriber’s total insurance cover in Month 3 will be BDT 10,000.
In Month 3, if the subscriber uses only BDT 150 of airtime, the subscriber will not earn any incremental insurance cover in Month 4, so the subscriber’s total insurance cover in Month 4 will remain at BDT 10,000. As the maximum amount of insurance cover that can be accumulated is BDT 50,000, the subscriber’s total insurance cover will remain at BDT 50,000 after he/she has earned to that level, as long as the previous month’s airtime usage remains at least BDT 150