Workers’ insurance claims for knit sector doubled

Daily Sun (31 Jan 2013)

Workers’ insurance claims for knit sector doubled:

Staff Correspondent:

The amount of insurance claim for the death of workers of the knitwear sector has been hiked to Tk 200,000 per claim. A deal was signed to this effect between Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and state-owned Insurance Company Jibon Bima Corporation (JBC) at BKMEA office in the city Wednesday.

BKMEA President Selim Osman and JBC Managing Director Parikkhit Dutta signed the deal on behalf of the respective sides. State Minister for Labor and Employment Ministry Begum Munnijan Sufian attended the deal signing ceremony as chief guest. While addressing the function, Munijan Sufian said the coordination of the hardship of the workers and continued capital flow of the industry owners has placed the knit sector on a strong footing. She said the country’s cheap labour force plays a significant role for a continued growth of country’s garment sector, so the labours should be recognised properly by the owners. The state minister said the families of the victim workers will be benefited through the hike in the amount of insurance coverage.

BKMEA President Selim Osman said the decision of doubling the insurance coverage has been taken considering the overall wellbeing of the workers of the knit industry and for the interest of development of the labor management in this sector.  Life insurance has been made mandatory since the year 2005 through the initiative of BKMEA and since then insurance cheque for a total of Tk 3.41 million has been distributed to 342 victims. During the deal signing ceremony, cheque of Tk 2.95 million as claim to 30 insurances have been handed over to the recipients.

Secretary of the Ministry of Labor and Employment Ministry, Mikhail Shiper, First Vice President of BKMEA, Mohammad Hatem Ali, Vice President Mohiuddin Faruqui were also present on the occasion.