Govt to introduce various types of insurance: PM

Prime Minister Sheikh Hasina said Sunday steps have been taken to introduce various types of insurances including agriculture insurance, health insurance, insurance for the rail passengers and building insurance, reports UNB.

The Prime Minister said the government already introduced insurance for expatriate Bangladeshi workers.

Hasina directed the authorities concerned to bring insurance activities under technology based automation system and settle insurance claims of clients quickly to restore the people's faith in the sector.

"Bring all activities of the insurance sector under technology based automation system," she said.

The Prime Minister said this while addressing the first-ever National Insurance Day at Bangabandhu International Conference Center (BICC) with a vow to build a developed country.

Noting that the people still lack trust in insurance industry, she urged the authorities to give special importance to overcome this problem.

She particularly mentioned some risk oriented sectors like transport and garment, saying the working class people should be brought under insurance policy so that they can get financial security at their bad times, such as accidents.

She also asked them to undertake massive publicity programmes to create awareness on insurance and attract more people to the insurance schemes.

The Prime Minister emphasised implementation of modern ICT based automation system aimed at making insurance services easier for clients.

Prime Minister Hasina emphasised providing training to the educated youths on insurance, and said they could be made free from the curse of unemployment.

She said Bangladesh Bank and Insurance Development and Controlling Authority are going to introduce "Bangabandhu Education Insurance" for the school students.

"The step has been taken to ensure education for students of different schools up to secondary level in absence of their parents or guardians or even due to lack of their physical capability," she said.

Sheikh Hasina highlighted the involvement of Father of the Nation Bangabandhu Sheikh Mujibur Rahman in the insurance sector. She said Bangabandhu worked in the insurance industry alongside doing politics to meet his livelihood expenses.

After independence, Bangabandhu enacted necessary laws and formed institutional bodies to make insurance industry more vibrant, she said.