The Chairman of the Insurance Development and Regulatory Authority (IDRA), Dr M Aslam Alam, has urged young people to explore career opportunities within Bangladesh’s expanding insurance sector, emphasising its increasing importance to the nation’s economy.
“The insurance sector in Bangladesh is growing rapidly. If our young generation takes an interest in this sector, they can contribute as entrepreneurs, professionals, and responsible citizens, helping to spread the positive impact of insurance throughout society,” he said.
Dr Alam made these comments at a special seminar titled “Conventional Insurance Plans for Youth” at BRAC University in the capital on Sunday. The seminar was part of the government’s nationwide initiative, “Tarunnyer Utsab: Customer Service Week 2025,” aimed at raising awareness about insurance and financial literacy among students.
The event was jointly organised by Guardian Life Insurance Limited and BRAC University, with support from IDRA to ensure its success.
Prominent guests included Md Apel Mahmud, ACII (UK), Member (Life) at IDRA; Sheikh Rakibul Karim, FCA, Acting CEO of Guardian Life Insurance Limited; and Prof Mohammad Mujibul Haque, Dean of BRAC Business School.
Md Apel Mahmud highlighted the broader role of insurance, saying, “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 is key to building a more financially resilient and future-ready society.”
Sheikh Rakibul Karim added, “In the face of life’s uncertainties, insurance serves 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 stressed the importance of financial awareness among students: “When students begin to understand the value of financial planning, they grow into more responsible, prepared, and economically independent individuals.”
The seminar also featured interactive sessions, where students gained first-hand insights into insurance operations, products, and their benefits. Real-world examples and discussions highlighted the role of insurance in promoting 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, fostering financial inclusion, literacy, and the sustainable development of the sector.