Story perspectives

Fraud Allegations: Swadesh Islami Life Insurance Faces Legal Scrutiny

12/14/2025

Summary

Story summary

Eleven individuals allege Swadesh Islami Life Insurance Company required life insurance as an employment condition.
They paid Tk 30.99 lakh, which has not been refunded after denial of entry.
The CEO of Swadesh Islami Life Insurance Company acknowledged procedural issues, with refunds not possible due to only one installment.
Insurance Development and Regulatory Authority (Idra) distanced itself from the issue.
Legal experts warn the allegations constitute serious fraud.

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Story summary

Eleven individuals allege Swadesh Islami Life Insurance Company required life insurance as an employment condition.
They paid Tk 30.99 lakh, which has not been refunded after denial of entry.
The CEO of Swadesh Islami Life Insurance Company acknowledged procedural issues, with refunds not possible due to only one installment.
Insurance Development and Regulatory Authority (Idra) distanced itself from the issue.
Legal experts warn the allegations constitute serious fraud.