Raise awareness to reap insurance benefit: PM

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Business Desk :
Prime Minister Sheikh Hasina on Monday urged insurance companies to take initiatives so that the level of awareness among people could be raised over the benefits of opening insurance policies.
“There’s a lack of awareness among people about the facilities of insurance. I hope that those who are involved in the insurance sector will take initiatives 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, reports UNB.
The theme of this year’s National Insurance Day is ‘Mujib Borsher Ongikar, Bima Hok Sobar’.
Sheikh Hasina said if awareness can be built then people would go for opening various types of insurance policies. “For this, widespread publicity is urgently needed.” Sheikh Hasina said there should be huge health insurance facilities in the country as people are not much aware of such insurance activities till now.
“Once the coronavirus pandemic is over, I think, such awareness will be created among people in this regard,” she said. The Prime Minister put emphasis on building more confidence in the insurance sector through increased implementation of the steps taken by the Insurance Development and Regulatory Authority (IDRA).
Hasina said the importance of insurance will increase with the expansion and strengthening of the country’s economy. The Prime Minister underlined the need for appropriate settlement of insurance claims and said the people concerned have to remain alert about the false claiming of insurance money.
“There were some instances of claiming excessive money other than the actual losses from the insurance companies…you must remain alert regarding this,” she said. Talking about the development of the insurance sector, she said the government would send some people to get academic degrees from abroad in actuary. The government will pay for their studies but they have to return to the country on completion of their studies and work.

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