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347,000 insurance policyholders cancel policies in 9 months
In the first nine months of this year, 347,000 policyholders have canceled their policies with 36 life insurance companies operating in Bangladesh, according to the latest report by the Insurance Development and Regulatory Authority (IDRA). Industry insiders say that while the insurance sector contributes to the economy alongside banks, non-bank financial institutions (NBFIs), and the capital market, it remains plagued by distrust and instability. Despite various governmental and private initiatives, full confidence in this sector has not been restored, and the challenges are deepened by recurring policy cancellations.
Rice, chicken prices increase
The price of chicken has increased slightly in the market due to low supply and increased demand.
Damaged dividers increase accident risks
Illegal three-wheelers, damaged dividers increase accident risks
Breadwinner's death leaves Ruby, 4 kids in despair
Breadwinner's death leaves Ruby, 4 kids in despair
Rising road accidents in Sylhet: A tragic result of multiple factors
Rising road accidents in Sylhet: A tragic result of multiple factors
Reckless driving leads to fatalities on roads
Reckless driving leads to fatalities on roads
Bangladesh on track to meet IMF conditions, except revenue collection target
In a bit to disburse the fourth installment from the $4.7 billion loan programme, an International Monetary Fund (IMF) mission led by Chris Papadakis evaluates all 12 conditions set by the financial institute to qualify for the fourth tranche.