Gov’t making the insurance services friendly and welfare oriented

Finance Minister AHM Mustafa Kamal has said that the proposed 2021-22 financial services will be made people-friendly and welfare-oriented. He said this in his proposed budget speech for the fiscal year 2021-2022 in the budget session of the National Assembly on Thursday (June 3).

Speaker Dr. presided over the session. Shirin Sharmin Chowdhury.

He said that in order to make the insurance service people friendly and welfare oriented, initiatives have been taken to introduce expatriate insurance, agricultural insurance, health insurance, cattle insurance, grain insurance for Haor area etc. The possibility of introducing micro-insurance to alleviate poverty is being explored. Initiatives have been taken to increase the empowerment of women by bringing poor women under micro insurance. Automation initiatives have been taken in the insurance sector. In the meantime, the Uniform Know Your Customer (KYC) system has been introduced.

Sunbd/NJ