Meeting on Action Plan Implementation Progress of Social Insurance Cluster held on 19 May 2019

The National Social Security Strategy (NSSS) of Bangladesh puts emphasis on introducing a suitable framework of social insurance. TheĀ Financial Institutions Division is working on developing insurance programmes for diļ¬€erent walks of people. Both the Finance Division and the Financial Institutions Division are the focal points for implementing social insurance. However, the lead is given to Financial Institutions Division. The vision of the social insurance cluster is to implement a suitable social insurance system in the country. The objective of the cluster is to develop organizational capacity and formulate necessary legal instruments for introduction of social insurance and social pension. As such the National Social Insurance Scheme (NSIS) under the National Social Security Strategy (NSSS) was discussed on 19 May 2019 at the Conference Room of the Cabinet Division at the Social Insurance Cluster Meeting. Dr. Md. Shamsul Arefin, Senior Secretary (Coordination and Reforms), Cabinet Division chaired the meeting. The Social Insurance Scheme would cover emergencies such as unemployment, sickness, pregnancy related insurance and insurance for accident. At the meeting there was discussion of implementing a suitable framework for social insurance and establishing of a private pension scheme and updating the government pension scheme.