Finance Minister AHM Mustafa Kamal has said that assets of insurance companies have witnessed a rapid growth in a decade and stand at Tk 60,000 crore.
He said, “The growth of life insurance companies in the country has quadrupled from 2009 to 2021 and the growth of general insurance companies has tripled.”
The Finance Minister made the remarks while addressing the inauguration ceremony of National Insurance Day-2022 at Bangabandhu International Conference Center (BICC) in the capital on Tuesday.
Prime Minister Sheikh Hasina was virtually present on the occasion as the chief guest.
The Finance Minister said the country is moving forward under the leadership of Sheikh Hasina, the architect of modern Bangladesh. The assets of the insurance company are now Tk 60,000 crore.
Mentioning that money is still much less than the amount of wealth of the country, AHM Mustafa Kamal said that there is a lot of potential for wealth growth.
“In this case, there is an opportunity to introduce various types of insurance including house-car, rail, bus-terminal, road-ghat and passenger. We have to pay attention to these. All people and resources must be covered by insurance,” he mentioned.
Five people, including Sheikh Kabir Hossain, Chairman of Bangladesh Insurance Association (BIA) and Sonar Bangla Insurance, were honored this year for their contribution to the insurance sector.
Among them, Sheikh Kabir Hossain has been honored for his outstanding contribution to the insurance sector.
Nasir Uddin Chowdhury, Adviser of Green Delta Insurance, was honored for his contribution through reinsurance.
The posthumous lifetime achievement award was given to Haji Maqbool Hossain, former chairman of Sandhani Life Insurance and Mustafizur Rahman, founder of National Life.
Besides, former secretary of insurance sector Mohammad Nazul Islam was also honored.
Before the inauguration of Insurance Day, Bangabandhu Suraksha Bima has been introduced for persons with disabilities.
Bangabandhu Suraksha Bima was inaugurated by handing over the policy to disabled Ishan Azan (autism) and mentally retarded Rimi.
