The government is planning to introduce life and health insurance for 2.1 million civil servants from the next fiscal year.
“We have already held a meeting with the stakeholders regarding the introduction of an insurance package for public servants,” said Banking Secretary M Aslam Alam, who presided over a meeting of the Bank and Financial Institutions Division last week.
It was difficult to introduce a new system for all civil servants and more time was needed to examine the matter properly, he added.
“We hope corruption will reduce when public servants get a full insurance package,” the banking secretary said.
According to a decision from last week’s meeting, the Insurance Development and Control Authorities, Jiban Bima Corporation, Sadharan Bima Corporation, Bangladesh Insurance Association and Bangladesh Insurance Academy will submit proposals regarding the insurance package to the Banking Division, which will then finalise a proposal based on feedback from the Finance Division.
The meeting also decided that public servant insurance policies being implemented by India and Thailand were suitable models for the new insurance package for Bangladesh.