Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 1067 Sat. June 02, 2007  
   
Business


BGMEA-Alico deal
RMG employees under group insurance


Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and American Life Insurance Company (Alico) have signed an agreement to bring officials and employees of all garment units under group insurance coverage.

President of the BGMEA Anwarul-Ul-Alam Chowdhury and Senior Vice President of the Middle East, Africa and South Asia Region of Alico M Nurul Islam signed the agreement on behalf of their respective organisations on Tuesday in Dhaka, said a press release.

The agreement was effective from May 7.

Under the deal, every injured and dead employee will get Tk 50,000 and Tk 1,00,000 respectively.

So far, Tk 2.70 crore has been distributed as insurance claims among the injured and the dead, the press release added.

The BGMEA chief hoped that under the agreement the affected officials and employees of the garment units of the country would get their insurance claims very quickly.

He assured Alico of all possible cooperation.

Nurul Islam said Alico entered into the agreement with the BGMEA to help poor employees of the largest foreign earner sector of the country.

BGMEA Vice Vresident Ferdous Fervez, Secretary Mohammad Fashihur Rahman, Alico's Chief Operating Officer Akhlakur Rahman and Group Manager M Alamgir Hossain were present at the agreement signing ceremony.

Picture
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has entered into an agreement with American Life Insurance Company (Alico) to bring officials and employees of all garment units under the group insurance coverage of Alico. Anwar-Ul-Alam Chowdhury, BGMEA president, and M Nurul Islam, senior vice president (Middle East, Africa and South Asia) of Alico, signed the deal at a function on Tuesday. PHOTO: BGMEA