On August 3, the Ministry of Public Administration dispatched a letter to all secretaries, divisional and deputy commissioners, and upazila nirbahi officers to share opinions on the formation of the corporate by August 17.
Presently there are two state-run insurance coverage corporations for all residents — Jiban Bima Company which offers life insurance coverage and Sadharan Bima Company, which offers non-life insurance coverage.
Two state-run insurance coverage corporations exist already and insurance coverage protection for presidency staff could be ensured by way of these two, stated Prof Md Essential Uddin, a former chairman of the Division of Banking and Insurance coverage on the College of Dhaka.
There isn’t any justification for the formation of one other insurance coverage firm just for authorities officers and staff, he stated. There are various insurers within the nation and most of them should not performing effectively, he added.
There are two state-run insurance coverage corporations for all residents — Jiban Bima Company and Sadharan Bima Company
The proposal for forming the corporate was positioned at a BKKB assembly on February 15 and related rationales have been permitted in precept, says the letter.
The board assembly additionally permitted a proposal to nominate insurance coverage specialists or entities as consultants for the corporate.
On April 11, the BKKB despatched a letter to the senior secretary to the Ministry of Public Administration searching for approval of the Ministry of Public Administration to kind an “impartial” insurance coverage firm underneath the BKKB and to nominate consultants and decide the scope of the advisor’s work.
That is what prompted the general public administration ministry to hunt the opinions.
