Youth urged to spread insurance’s positive impact

Insurance Development and Regulatory Authority (IDRA) Chairman Dr M Aslam Alam has called on the younger generation to explore career opportunities in the insurance industry, highlighting its growing importance to Bangladesh's economy.

"The insurance sector in Bangladesh is expanding rapidly. If our young generation takes an interest in this sector, they can contribute as entrepreneurs, professionals, and responsible citizens to spread the positive impact of insurance throughout society," he said.

He made the remarks at a special seminar titled "Conventional Insurance Plans for Youth" held at BRAC University in the capital on Sunday, aimed at raising awareness about insurance and financial literacy among students. The event was part of the government's nationwide initiative, "Tarunnyer Utsab: Customer Service Week 2025."

The seminar was jointly organised by Guardian Life Insurance Limited and BRAC University, with IDRA providing support to ensure its success.

Distinguished guests included Md Apel Mahmud, ACII (UK), member (Life), IDRA; Sheikh Rakibul Karim, FCA, acting CEO, Guardian Life Insurance Limited; and Prof Mohammad Mujibul Haque, dean of BRAC Business School.

Md Apel Mahmud said, "Insurance is more than just a financial product -- it is a safety net that reduces life's uncertainties and promotes economic stability. Raising awareness among youth about this sector means building a more financially resilient and future-ready society."

Sheikh Rakibul Karim added, "In life's uncertainties, insurance stands as a pillar of financial support and security. If young people understand its value early on, they can secure their own futures and help strengthen the foundation of our national economy."

Prof Mohammad Mujibul Haque emphasised the importance of financial awareness among students: "When students begin to appreciate the value of financial planning, they grow into more responsible, prepared, and economically independent individuals."

The seminar featured interactive sessions, allowing students to gain first-hand insights into insurance operations, product ranges, and their benefits. Discussions and real-world examples highlighted how insurance contributes to both individual and national financial stability.

Through this collaborative initiative, IDRA, Guardian Life, and BRAC University aim to inspire greater awareness and interest in insurance among Bangladesh's youth, promoting financial inclusion, literacy, and sustainable development of the sector.

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