News Details

JBC to launch insurance services for rural people in September


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Sonia H Moni
The state-run Jiban Bima Corporation (JBC) will launch insurance services for the rural people through Union Information and Service Centres (UISCs) under Support to Digital Bangladesh A2I programme in September, official said.

"Prime Minister Sheikh Hasina is expected to inaugurate this service formally in September this year," JBC managing director Parikshit Datta Choudhury told the FE.

The government appoints the entrepreneurs of UISCs as agent of JBC under Support to Digital Bangladesh A2I programme with a view to ensuring social safety and creating job opportunities.

Earlier, Support to Digital Bangladesh A2I programme, Local Government Department (LGD) and JBC signed a tripartite Memorandum of Understanding (MoU) in April, last year.

The JBC chief said: "We will appoint around 4576 entrepreneurs of 68 districts under JBC A2I programme with a view to providing insurance service through UISCs online."

"Already we have trained up 4212 entrepreneurs of 27 districts and appointed as agent and gradually rest of the entrepreneurs will be trained up. This project will generate almost 7000 employments."

Mr Choudhury said the main objective of the initiative is to bring the poor under the insurance coverage that will help them during their woes.

The JBC MD said: "Around 87 per cent of people take policy where as only six per cent people are in the coverage of insurance policy in Bangladesh. It is too much lower compared to the global trend."

"The saving tendency among the local people might increase if they take insurance policy like foreign people. It will increase the rate of investment and job opportunities also," he said.



[ Trade & Market ] 2012-07-28