Hasina stresses for insurance sector modernization
March 1st, 2020 at 4:30 pm
Hasina stresses for insurance sector modernization

Dhaka – Prime Minister Sheikh Hasina has urged insurance companies to improve their services adapting modern technology to avoid fraud and corruption.

She also asked the companies to launch awareness campaign to let the people know about the benefits of having insurance particularly in bad times.

The Prime Minister made the remarks while addressing a discussion organized for the first time in Bangladesh in observance of the “National Insurance Day” at Bangabandhu International Conference Centre (BICC) in Dhaka.

“It is urgently needed to render all the insurance related services including disposing of the insurance claim to the people through modern information technology,” she said adding that digitalization wild help reduce corruption on the one hand and make the services hassle-free on the other.

Hasina said the insurance companies will be brought under the automation system, which will be helpful for solving the sector’s problems.

The Prime Minister handed “Bima Padak” to five persons for their outstanding contribution to the insurance sectors. She also unveiled the covers of two books of the Bangladesh Insurance Development and Regulatory Authority (IDRA) titled “Bima Manual” and “Bima Nirdeshika”.

Finance Minister AHM Mustafa Kamal presided over the function, while Senior Secretary of the Financial Institutions Division under the Ministry of Finance Ashadul Islam and Chairman of Bangladesh Insurance Development and Regulatory Authority (IDRA) Shafiqur Rahman Patwary, spoke among others.

newsnexbd.com/n