Automate insurance services, restore people’s trust: PM
Prime Minister Sheikh Hasina yesterday 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 premier spoke while addressing the first-ever National Insurance Day at Bangabandhu International Conference Centre in the capital.
The prime minister emphasised implementation of modern ICT based automation system aimed at making insurance services easier for clients.
People still lack trust in insurance industry, so the authorities concerned should take special measures to build trust, Hasina said. The working class people should be brought under insurance policy so that they can get financial security during their bad times, she said.
Bangladesh Bank and Insurance Development and Controlling Authority are going to introduce "Bangabandhu Education Insurance" for the school students, she said.
"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."
Bangabandhu Sheikh Mujibur Rahman worked in the insurance industry alongside doing politics to meet his livelihood expenses, she said.
After independence, Bangabandhu enacted necessary laws and formed institutional bodies to make insurance industry more vibrant, she said.
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 Controlling Authority, 2010 to give the industry an institutional shape, she added.
The government has introduced insurance for expatriate Bangladeshi workers, while steps have also been taken to introduce various types of insurances, including agriculture insurance, health insurance, insurance for the rail passengers and building insurance.
The government in collaboration with the World Bank is implementing Tk 632 crore project to bring all insurance companies under the automation system, she said.
"Besides, the government also introduced state-of-the-art IT based Unified Messaging Platform System to protect interest of the clients."
Finance Minister AHM Mostafa Kamal presided over the function.
Chairman of the Insurance Development and Controlling Authority Shafiqur Rahman Patwary, Senior Secretary of Finance Division Ashraful Alam, President of Bangladesh Insurance Association Sheikh Kabir Hossain and Bangladesh Insurance Forum president BM Yusuf Ali also spoke.
Earlier, the prime minister unveiled two insurance related books titled "IDRA Directives" and "Bima Manual".
She also distributed Bima Padak among five recipients for their contribution in the insurance sector of the country.
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