Disaster risk has broad social and developmental implications. However, in many countries, financial protection in disaster risk management is still limited, causing delayed recovery and reconstruction and worsening their socioeconomic impacts. Disaster risk financing requires developing different options according to the nature of the disaster; the probability of occurrence; and the potential loss of, or impact on, life and physical capital. Take-up rates for disaster risk financing options are minimum in many developing countries. Adequate market-based disaster risk mitigation products do not exist for certain perils in many countries, including Bangladesh.