The market for microinsurance in Bangladesh has been growing rapidly over the last 10 years, with over 25 million subscribers. Yet it is still met with skepticism among many poor microfinance clients. As of this January, BRAC, in partnership with Guardian Life Insurance Company, joined the market making its credit shield insurance product available nationwide read more
This article was published in the Daily Observer, Liberia on 1 June 2017
BRAC Liberia recently concluded a two-day nutrition training for twenty (20) leaders in the health and agriculture sectors of six counties, including Montserrado, Grand Bassa, Margibi, Bong, Bomi, and Cape Mount.
The training was held in Kingsville, Careysburg district, Montserrado County.
According to BRAC-Liberia the training focused on breastfeeding, complementary breastfeeding, malnutrition prevention, and vitamin A deficiencies.
Facia Goah, nutrition focus person for Montserrado County at the Ministry of Health, appreciated BRAC for involving community organizations in the fight against malnutrition.
She added that diet diversification is one of the major challenges to reducing malnutrition in the country.
"Our people are used to eating one kind of food, and parents are encouraging children to eat the same food. However, encouraging people to eat varieties comes with huge collaboration," she said.
On 13 May, bus drivers and transport association leaders at the Mohakhali bus terminal took pledges to keep the speed of their vehicles below 30 kilometre per hour while passing schools, hospitals, residential areas and on roads with mixed traffic of non-motorised vehicles and pedestrians. A total of 5000 bus drivers, transport association leaders, operators and administrators are expected to take part in this week-long activity.
Scene from the Mohakhali bus terminal on the first day of the pledge-taking ceremony
This is part of a campaign that was organised by BRAC on the eve of United Nation Global Road Safety Week 2017 which was observed during May 8 - 14 across the world. This year's UN road safety campaign theme was "Save Lives - #SlowDown".
From left: Ahmed Najmul Hussain (director of BRAC's road safety programme), Ratanawadee Winther (Asian Injury Thailand's chairperson), Md Moshiar Rahman (chairman of BRTA) and Danish Ambassador to Bangladesh Mikael Hemniti Winther
Bangladesh Road Transport Authority (BRTA) chairman Md Moshiar Rahman inaugurated the event, followed by a discussion on the significance of the week at the south plaza of National Parliament. Danish Ambassador to Bangladesh Mikael Hemniti Winther, Asian Injury Thailand chairperson Ratanawadee Winther, BRAC Road Safety programme's director Ahmed Najmul Hussain and its advocacy programme's director KAM Morshed, among others were also present.
This was followed by a motor cycle rally involving 200 bikers who carried colourful flags, placards and banners that boldly displayed UN's campaign slogan. During the rally, they engaged with drivers of buses, cars and three-wheelers to spread the message of slowing down speeds to prevent loss of lives.
200 members of the Road Riderz motorbike group helped stage the rally
BRTA's chairman said the high speed is the key reason behind deadly accidents. Safe speed of vehicles could help save hundreds of lives every year.
Winther said the campaign will draw the attention of the policy makers about the burning issues related to road safety and will develop simple, low-cost interventions to address these. He urged the drivers for going slow, saving lives of both others and themselves.
The 35 kilometre rally started from the National Parliament building and ended at Bashundhara residential area
Najmul Hussain stated that BRAC for years has been raising community awareness about road safety, training drivers and driving instructors, and doing research to improve road safety in Bangladesh.
BRAC deeply mourns at the demise of Mr Faruq Ahmed Choudhury, former adviser and governing body member of BRAC. He passed away on May 17, 2017 at 4.30 am, in Square Hospital, Dhaka at the age of 83. He left behind his wife, a son and a daughter.
Mr Faruq Ahmed Choudhury, was born in January 4, 1934 in Assam, India. Throughout his successful career, he served the Bangladesh Government for two decades and occupied the roles of foreign secretary and ambassador.
He joined BRAC as an advisor in 1992 and continued to work with BRAC until 2006. His contribution played a key role in BRAC’s expansion and growth. He was also a governing body member of BRAC, a trustee board member of BRAC University and the chairman of Delta-BRAC housing company.
As an eminent columnist, he received popularity for his publications on socio-economic and political issues. He received IFIC Bank Literature Award in 2014 and Bangla Academy Literature Award in 2016.
At a recent event held in BRAC Driving School (BDS) in Dhaka, speakers stressed the urgency of ensuring international standard drivers training for all professional drivers. They also stated that such training would improve the attitude and skills of the drivers resulting in safer roads for all.
Earlier in April, ENA Transport Company, which is one of the biggest bus operators in Bangladesh decided to train 200 of its drivers by BRAC Driving School. These drivers are being put through a three-day residential training called Shurakkha. This is a defensive driving training course for in-service bus and truck drivers and focuses on modifying their attitude and behaviour.
On 18 April, M Mashiur Rahman, who is both secretary of National Road Safety Council and chairman of Bangladesh Road Transport Authority visited BDS to observe this training and distributed certificates to the successful participants. In his speech he urged upon all transport companies to help the government in reducing road crash by training their drivers. "Think about your families when you drive. It will encourage you to drive safely." he said to the participants. He urged that in-service drivers should consider driving training from institutions like BDS after expressing his contentment on Shurakkha.
BRTA's director of Road Safety, Mahbub e Rabbani and director of training, M Sirajul Islam, director of BRAC's road safety programme, Najmul Hussain and the managers and trainers of BDS attended the event.
Since 2012, BRAC Driving School has been offering Shurakkha. The course was developed by BRAC with support of Hubert Ebner - an organisation specialised in drivers training.
A study by BRAC reveals that the training not only improved safe driving skills of drivers but saved 30 per cent of transport operating costs. Shurakkha is provided in two formats - a three-day residential training and the other is a two-day residential and practical road test using vehicle mounted P - Drive system that grades drivers on their attention to safety, driving, attitude and behaviour.
BRAC will support 50 thousand families over the next month to cope with the immediate impact of the floods on their crops and livelihoods.
The non-governmental development organisation had already begun its regular relief efforts immediately after the floods hit. With the fast deterioration of the situation and spread of floodwaters, it is undertaking added emergency relief activities. A long-term rehabilitation programme will be launched in coming months, depending on the needs of the changing situation.
The emergency relief programme will be carried out in four districts; Kishoreganj, Sunamganj, Habiganj and Netrokona, in coordination with local government authorities.
Gawher Nayeem Wahra, director of BRAC's Disaster Management and Climate Change programme said, 'The situation has rapidly deteriorated in the last 48 hours. A new crisis has also emerged as fish and ducks are also dying, in addition to the widespread flooding of crops. This effort will support families to cope with the immediate crisis’.
Sir Abed holding his gift after he was named Respected Elder of Tanzania by BRAC in Tanzania Staff
It was a special day for BRAC Tanzania, as the long awaited arrival of Sir Fazle Hasan Abed finally took place on 4 March 2017. His last visit was four years ago and since then a lot has changed with the addition of many new faces, most of who has only read stories of the great leader.
On his visit, Sir Fazle met with senior staff as well as the board members to discuss BRAC's role in Tanzania and the way forward. He had meetings with various potential partners, including representatives from UNICEF, and the Ambassadors of Canada, the Netherlands and Ireland.
Sir Abed getting briefing from Education team when he visited Play Lab project at Temekem, Dar es salaam
Sir Fazle visited different parts of Tanzania to visit our programmes. He visited the DFID funded Girls' Education Challenge in the Mwanza region. He met with teachers from public schools and students from our in-school mentoring sessions, and visited a newly established library, courtesy of BRAC. He met with LEAD producer groups and microfinance women’s groups. The chairperson was happy to see BRAC’s impact in these communities. In Dar es Salaam, Sir Fazle was taken to visit the Play Lab Project, our latest early childhood development project.
On the final day of the visit, Sir Fazle was honoured with a surprise declaration of a Respected Elder of Tanzania. Sir Fazle was dressed in the traditional maasai outfit, a sign of acceptance in Tanzania’s elderly community.
Dear fathers, You may have read the news today. A teenager was harassed on her way back from school. A housewife, raped and murdered. Just the other day, you read about the rape of an eight-month-old baby. Do these stories bother you? Or did you fold up the newspaper and sigh in relief thinking, read more
This one-day meeting will gather 200 experts and professionals, representing the public, private, academic, NGO and civil society sectors and aim at addressing four specific development challenges during solutions-oriented workshops. In each workshop, a multi-stakeholder panel will debate together and with the audience around potential solutions to achieve together a “Zero Exclusion, Zero Carbon, Zero Poverty” world, in the Myanmar context.
As a part of this day BRAC co-hosts a session about financial inclusion and poverty eradication in Myanmar. To this session we are happy to welcome Lewis Temple, CEO of BRAC UK, for a presentation on BRAC's Graduation Model as a tool for financial inclusion of the poorest. Following this presentation, a panel including regulators, Microfinance institution and a financial technology company will discuss the challenges and opportunities to down-scale financial inclusion in order to increase outreach.
For more information click here.
Introducing microinsurance for our microfinance clients
We have partnered with Guardian Life Insurance Limited to offer our first microinsurance product - credit shield insurance to our 5 million microfinance clients. The product is targeted towards the lower-income population of Bangladesh to protect them and their livelihoods in the event of death of a household member or the earner.
Our microfinance clients have been using credit and savings products to access opportunities, plan for the future, and cope with shocks. However, some events are hard to predict, and even harder to cope with.
Every year we experience more than 22,000 deaths of microfinance clients or earning members in their families.
For households that face this adversity, credit shield insurance fits in as an important safety net to provide an alternative to emergency strategies for protecting household finances and promote resilience.
When microinsurance was piloted a year ago, we learnt that insurance penetration is low due to negative preconceived perception towards it and lack of awareness. In Bangladesh, traditional insurance companies mainly focus on the upper and middle-income population leaving a large portion of the total population unserved. To fill that gap and best meet the needs of our clients and their families, credit shield insurance has been designed to be accessible, affordable, and easy to use.
Any of our microfinance clients can avail credit shield insurance when applying for their loan by making a minimal one-time premium payment set at 0.3 per cent of the loan amount for individual coverage or 0.7 per cent to cover dual members of a household. This insurance product comes with a cash benefit from BDT 10,000 (USD128) to BDT 20,000 (USD256) to cover the costs of funeral and other arrangements. Credit shield insurance also covers the remaining loan outstanding in full and allows savings to remain intact for the family to meet their emergencies.
To ensure hassle free, fast settlement of claims, only two documents of proof is required from the client end – the death certificate issued by doctor/local authority and a copy of National ID. Moreover, our dedicated team and customer service assistants are beside our clients to deal with queries and concerns every step of the way.
Commenting on the launch of credit shield insurance, Shameran Abed, director of BRAC’s microfinance and ultra poor programmes said, “Poor households are particularly vulnerable to sudden shocks, and nothing is more debilitating than losing an earning member of the family. With the launch of this product, we are taking one more step towards helping our borrowers become more resilient so that they can withstand such shocks.”
The service legal agreement (SLA) signing ceremony of BRAC and Guardian Life Insurance Limited was held at BRAC Centre on 12 January 2017. BRAC’s founder and chairperson, Sir Fazle Hasan Abed; executive director, Dr Mohammad Musa; senior director, Asif Saleh; director of microfinance and ultra poor programmes, Shameran Abed; chief executive officer of Guardian Life Insurance Limited, M M Monirul Alam, and managing director of Square Pharmaceuticals Limited were present at the ceremony.
About Guardian Life Insurance Limited
Guardian Life Insurance Limited (GLIL) started its business activities in 2014. It is the fastest growing life insurance company in Bangladesh. GLIL aims to provide the best insurance products and services to the people of Bangladesh. To know more about Guardian Life Insurance Limited, please visit http://www.guardianlife.com.bd/