Guardian Life Insurance Limited & Netizen IT has recently launched "Guardian Eduman Insurance" to safeguard the precious education of millions of children across Bangladesh.
Eduman is a popular school management software of Netizen IT, it currently covers over 5,000 educational institutions which includes 2 million+ students and 50,000+ teachers.
Under the scope of "Guardian Eduman Insurance", the legal guardians of these 2 million+ students will be under insurance coverage for a nominal premium added to the monthly school fees, reads a press release.
In case, if there is a sudden demise of any guardian, there will be an immediate payout TK 2 Lakh to cover the education expenses of the associated child.
The teachers will also be under the coverage of this umbrella insurance, thus helping to secure the financial future of the Teachers' families as well.
The whole user experience of Guardian Eduman Insurance will be digital & integrated with the Eduman Software. Policy uptake, servicing along with claims will be fully automated within the software.
This initiative will be the second large-scale Microinsurance Project of Guardian Life after the widely acclaimed Guardina Brac Bima (GBB) project where over 10 million microfinance borrowers of BRAC are covered under one aggregate life insurance model.
"This new era of financial inclusion will necessitate a rethink of the of the role that financial sector development can play in bringing about real economic outcomes that will lead to greater well-being of the country as a whole.", said Sheikh Rakibul Karim, CEO, Guardian Life Insurance Limited.
The inauguration event at Cox's Baza was chaired by Asikuzzaman Khan, president, Netizen IT Limited where Post & Telecommunication Minister Mustafa Jabbar presided over as the Chief Guest.
Among other guests, Raihan Nobel, director, Sales & Marketing, Netizen IT, Rubayat Saleheen, head of Marketing & Communications, Guardian Life; Touhidul Islam, vice president, Guardian Life and Ashish Chakraborty, chief operating officer, Nagad were present.