Friday, 22 Mar 2019

Bangla Version

Health insurance casts good impact on garments industry

No icon Health Institute

Health Desk-- 27 May, 2018: A report on health insurance said health insurance for garment workers has cast a positive impact on the country’s readymade garments (RMG) sector as productivity in RMG industry has increased substantially.

The study came up in a presentation on ‘fine tuning the health insurance model of SNV for readymade garments workers’ at a seminar at the conference room of the institute of Health Economics of Dhaka University.

According to the report, the health insurance also reduced the absenteeism in RMG factories while the facilities helped the RMG industries to increase their revenue.

The study, however, showed that the insurance company could not make profit from the insurance and even the money claimed by the beneficiaries exceeded the yearly premium within six months.

The study was conducted among 10,000 workers under insurance coverage of Pragati Life Insurance and Alpha Islamic Life Insurance.