Prime Minister Sheikh Hasina has said that the government will provide all kind of cooperation in this sector, not just for business, but also to help the insurance industry in agricultural development and poverty alleviation.

The Prime Minister said this while inaugurating the first international conference of insurance regulators of SAARC countries at Bangabandhu International Conference Center.

The conference was organized by the Bangladesh Insurance Development and Regulation Authority. The Prime Minister said that agricultural insurance for poor farmers and health insurance and micro-insurance for poor people can be introduced. He added, “Take on new plans in this regard.

We will provide all kinds of support from the government. “The insurance industry can play a very important role in the socio-economic development of a country and the poverty alleviation program can be adopted through insurance,” he said.

The Prime Minister said, “The insurance sector businessmen have to be careful about the proper investment of the hard-earned money of the people and the payment of beneficiaries properly.

He also highlighted the success of the last year of the government including the creation of insurance laws, insurance development and controlling authority for the development of the insurance sector. The Prime Minister also sought recommendations from the conference to address the prevailing problems in the insurance sector of the country.

The conference discussed various issues of general insurance and micro insurance, life insurance, and the insurance industry. The insurance development and controlling authority have said that it will play an important role in the insurance industry. Representatives of SAARC countries, as well as 25 officers, chairman and managing director of insurance companies, were present at the conference.