Guardian Life Insurance Limited and BRAC have signed a groundbreaking agreement to ensure the financial security of the country’s remittance warriors. The policy, ‘Guardian Probashi Prohori’, was unveiled at an event held at the Metropolitan Chamber of Commerce and Industry (MCCI), at Concord Police Plaza, Gulshan.
‘Guardian Probashi Prohori’ is an innovative insurance policy designed to safeguard the lives and futures of workers abroad and their families, ensuring protection against financial risks.
Sheikh Rakibul Karim, FCA, CEO of Guardian Life, Arinjoy Dhar, Senior Director, BRAC Micro Finance, signed the agreement on behalf of their respective organizations.
BRAC’s Associate Director, Md. Belayet Hossain and Director of Guardian Life, David Griffiths; Abdul Halim, Head of Microinsurance at Guardian Life; and other high officials from both organizations were also present at the signing ceremony.
This insurance policy offers migrant workers and their families a range of benefits for a one-time low premium. In the unfortunate event of a migrant worker’s during employment, a notable amount will be made directly to the nominee. Additionally, financial assistance will be provided for repatriating the deceased worker’s body to Bangladesh. Guardian Life also covers hospitalization and medical care in case the worker falls ill and offers financial aid if the migrant worker loses their job while abroad, ensuring comprehensive support for both the worker and his family.
Sheikh Rakibul Karim, FCA, CEO of Guardian Life, expressed, “Migrant workers are the backbone of our economy, and their safety is of paramount importance. ‘Guardian Probashi Prohori’ will not only reduce their life risks but also help secure their families’ futures. This is another major step towards realizing our ‘Insurance for All’ vision.”
Arinjoy Dhar, Senior Director of BRAC, remarked, “Migrant workers make invaluable contributions to our country’s growth, and this insurance policy is a tribute to their sacrifices. It will provide long-term financial stability and security for their families, ensuring their future is protected”.
Guardian Life and BRAC have launched various insurance policies for the marginalized people of the country to bring people out of the poverty cycle. Through these efforts, over 12 million people have been brought under the protective shade of insurance, empowering them with financial security and peace of mind.
