Unilever launches insurance policy for waste workers

Unilever Bangladesh Limited (UBL), the country's premier Fast-Moving Consumer Goods (FMCG) company, has announced the launch of life insurance policy for waste workers as part of its plastic waste management initiative in Chattogram.

Despite their crucial role, waste pickers often face significant challenges, working under hazardous conditions with limited access to safety measures and personal protective equipment (PPE). They collect and sort up to 60% of recyclable plastic waste but frequently endure severe health and safety risks, including injuries and fatalities.

To address these issues, UBL has collaborated with government, experts, and NGOs to create a socially-just circular economy. In partnership with MetLife Bangladesh and Young Power in Social Action (YPSA), UBL's groundbreaking initiative aims to enhance the wellbeing and livelihood of Chattogram's waste workers by providing comprehensive life insurance coverage.

The agreement signing ceremony was attended by Sheikh Muhammad Tauhidul Islam, Chief Executive Officer (CEO) of Chattogram City Corporation (CCC); Zaved Akhtar, Chairman and Managing Director of UBL; Ala Ahmad, CEO of MetLife Bangladesh; Md. Arifur Rahman, CEO of YPSA; Shamima Akhter, Director of Corporate Affairs, Partnerships & Communications at UBL; and Md Kamruzzaman, Director and Head of Employee Benefits, MetLife Bangladesh, along with other senior officials.

Under this initiative, 1,827 waste workers involved in the plastic waste management programme will receive life and health coverage, ensuring their financial stability. Eligible workers can receive compensation of up to 150,000 BDT, with benefits extending to 100% of the insured sum for specified medical conditions.In addition, insurance coverage of up to three lakh taka will be provided in case of accidental death. The scheme also includes reimbursements for essential healthcare costs, such as physician consultations and hospital charges.