Prime Minister Sheikh Hasina on Monday urged the insurance companies to take initiative so that awareness could be increased among people over the benefits of opening insurance policies.
“There is lack of awareness among people about the facilities of insurance, I hope that those who are involved in the insurance sector will take initiative so that awareness among people could be increased,” she said.
The Prime Minister said this while addressing the National Insurance Day 2021 held at Bangabandhu International Conference Center (BICC). She joined the programme virtually from her official residence Ganobhaban.
The theme of this year’s National Insurance Day is ‘Mujib Borsher Ongikar, Bima Hok Sobar’.
She said that if awareness can be built then people would go for opening various types of insurance policies.
“For this purpose huge publicity is urgently needed,” she said.
Sheikh Hasina also elaborated the government’s initiatives for the development of insurance industry and said, the Insurance Act, 2010 was formulated in place of the old law of 1938, while the National Insurance Policy 2014 was also formulated.
Besides, the government also constituted the Insurance Development and Regulatory Authority, 2010 to give the industry an institutional shape, she added.
Referring to a project of Tk 632 crore for the development of country’s insurance sector, she mentioned that the government in collaboration with the World Bank is implementing it to bring all insurance companies under the automation system.
Finance Minister AHM Mustafa Kamal, Bangladesh Insurance Association president Sheikh Kabir Hossain and senior secretary of Financial Institutions Division of Finance Ministry Mohammad Asadul Islam also spoke.
Earlier, Finance Minister AHM Mustafa Kamal, on behalf of the Prime Minister, distributed Bima Padak among the recipients for their contribution in the insurance sector of the country and Bangabandhu Education Insurance Certificates among the students.