Family to get upto Tk50 lakh if any banker dies of Covid-19: BB

If any bank staffer dies of Covid-19, the victim's family will get Tk25-50 lakh in compensations based on the staffer's rank, said the Bangladesh Bank Monday.   

Though the central bank issued a circular on compensations for bankers serving clients on 15 April last year, the amounts for different ranks were not specified.

In the latest circular, the central bank said if a first-class officer, or senior officer, or probationary officer, or management trainee officer, or an officer of higher rank dies of Covid-19, the victim's family will be entitled to a compensation of Tk50 lakh.

The amount will be Tk37.50 lakh for bank staffers ranging from trainee assistant officer, or equivalent, to up to first class rank. For staff and sub-staff, the compensation has been fixed at Tk25 lakh.      

The central bank's Banking Regulation and Policy Department (BRPD) issued the directive Monday.

It said the wife, or husband, or children of the deceased banker will be entitled for the compensation. If the banker is unmarried, the parents will get the money.      

The compensations cannot be adjusted if the bank has any loans or liabilities to the deceased officers or employees.

This compensation is to be paid in addition to the assistance or grant for occupational death. The directive will be effective from 29 March 2020 and will remain in effect until further notice.

Besides, according to the health insurance circular of the central bank last year, bankers will get Tk5-10 lakh insurance coverage depending on the ranks if they get infected by the virus while doing physical office during the government announced public holidays.