Dhaka, Bangladesh – Green Delta Insurance PLC has recently announced a landmark partnership with Wagely, aimed at introducing digital nano insurance for workers in Bangladesh’s ready-made garment (RMG) sector. This pioneering initiative seeks to provide affordable, high-quality healthcare and financial protection to one of the country’s most vital workforces.
Under the new programme, approximately 250,000 Wagely users and their family members will gain access to comprehensive health coverage, including both inpatient (IPD) and outpatient (OPD) services. Remarkably, the monthly premium is set at less than one US dollar, enabling workers to mitigate health risks while accessing essential medical care at minimal cost.
The partnership was formalised through a Memorandum of Understanding (MoU) signed jointly by Syed Farhad Abbas Hossain, Deputy Managing Director and Head of Underwriting at Green Delta Insurance, and Noor Ahli, Managing Director of Wagely. The core objectives of this collaboration are to enhance social protection for export-oriented RMG workers, boost workforce capability, and promote financial well-being.
Experts suggest that the digital nano insurance scheme could open a new chapter in healthcare accessibility for Bangladeshi workers. Beyond reducing health risks, the initiative is expected to strengthen financial security and improve overall quality of life. Over time, it may also contribute to increased productivity and long-term employment stability within the sector.
The table below summarises the key features of this partnership:
| Feature | Description |
|---|---|
| Partner Organisations | Green Delta Insurance PLC, Wagely |
| Target Group | Approximately 250,000 RMG workers and their families |
| Insurance Type | Digital Nano Insurance (IPD & OPD coverage) |
| Cost | Less than USD 1 per month |
| Objectives | Social protection, workforce capability, financial well-being |
| Long-Term Impact | Improved healthcare accessibility, financial security, productivity enhancement |
Through this initiative, RMG workers will gain easily accessible health insurance, reducing the financial and medical risks they face in daily life. Simultaneously, the programme supports sustainable development in the RMG sector and strengthens workers’ economic resilience.
The launch of digital nano insurance marks a significant milestone in Bangladesh’s journey toward healthcare digitalisation and financial inclusion for marginalised populations. While primarily benefiting workers, it also sets a precedent for the sustainable growth of the RMG industry, fostering improved health awareness and long-term financial security across the sector.