Bankers to get up to Tk 1.0m insurance coverage

Families to get five times the amount in case of any death due to COVID-19

Bangladesh Bank Banker
Bangladesh Bank announces special compensation for bankers working despite COVID-19 risk

The working employees of the banks in Bangladesh will get an insurance coverage of Tk 0.5-1.0 million in case of being infected with COVID-19 as the banks are providing services to the clients despite the pandemic.

And, in case of any death, the victim’s family will get five times the amount as a special grant, according to a Bangladesh Bank circular issued on Wednesday.

The insurance money will be paid within 15 days of one’s getting infected and, on top, full medical expense will be provided by the banks concerned.

These special compensations will be applicable even after 30 days of ending the general holidays announced by the government.

The amount of insurance and special grant will be fixed based on the position of the respective bankers, and the benefits will not be adjusted with any other dues.

Other remunerations and facilities will be provided as per the existing rules and regulations of the banks concerned.      

If any banker fall victim of any accident while on duty during the general holidays, the concerned bank will bear the expenses.

The central bank said some of the banking staffs have already been infected with coronavirus while discharging their duties with keeping their families at risk.

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