Dhaka Bureau: The Bangladesh Employee Welfare Board has taken the initiative to bring all government officials and employees under insurance coverage. Therefore, it has been decided to form an independent insurance company under this board. The Ministry of Public Administration sent a letter on August 3 to the secretaries of all ministries, divisional commissioners, district administrators, and upazila executive officers to give their opinion on this matter. It has been asked to give its opinion by August 17.
According to the letter, Section 6(th) of the Bangladesh Employee Welfare Board Act says to adopt and implement logical, practical, and more welfare-oriented new activities. And Section 18 states that the board can open insurance companies or provide life insurance for the employees of the organization. According to this provision, to bring government officials and employees under the insurance service, the necessary information for the formation of an independent insurance company under the Bangladesh Employee Welfare Board was presented in the board meeting on February 15. In that meeting, the necessity and rationale of forming an independent insurance company, proposals received from Life Insurance Corporation, advantages and disadvantages, etc.
were reviewed in detail, and the proposal to form an independent insurance company under the Bangladesh Employee Welfare Board was approved in principle. In the board meeting, the proposal to appoint an insurance expert person or organization as a consultant for the purpose of forming an insurance company was also approved. After that, the Bangladesh Employee Welfare Board sent a letter to the Senior Secretary of the Ministry of Public Administration on April 11, seeking the approval of the Ministry of Public Administration to form an independent insurance company under the Bangladesh Employee Welfare Board and to appoint a consultant and determine the scope of work of the consultant.
After receiving the letter from the Bangladesh Employee Welfare Board, the Ministry of Public Administration sought the opinion of the concerned parties. It has been said in the letter that the proposed formation of an independent insurance company is applicable to all government officials and employees at the central and field levels, and as per the Rules of Business, the opinions of all concerned ministries and departments as well as all stakeholders are required.
An official of the Ministry of Public Administration said that an independent insurance company will be formed under the Bangladesh Employee Welfare Board after getting the opinions of the concerned parties. After the formation of this company, the Bangladesh Employee Welfare Board has also drafted how to determine the Group Health Insurance (Platinum), Group Health Insurance (Gold), and Group Health Insurance (Silver) coverage, coverage amount, and premium for one, four, and six members.
