In a significant move to bolster employee welfare and corporate security, Astha Life Insurance Company Limited has entered into a comprehensive group insurance agreement with the Bangladesh Institute of Labour Studies (BILS). The formal signing ceremony took place on Wednesday at the head office of Astha Life, marking the beginning of a strategic partnership aimed at providing extensive social security to those dedicated to labour rights and research.
A Commitment to Life and Health
Under the terms of the newly ratified contract, all officers and employees of BILS will be brought under the protective umbrella of Astha Life’s group insurance schemes. This coverage is designed to provide a robust safety net, encompassing both Life Insurance and Health Insurance benefits. In an era where healthcare costs are rising and life’s uncertainties remain a constant, this partnership ensures that the workforce of BILS can discharge their duties with the peace of mind that their families are protected.
The agreement was signed by Brigadier General Shah Sagirul Islam, NDC, AFWC, PSC (Retd), the Chief Executive Officer of Astha Life, and Syed Sultan Uddin Ahmed, the Executive Director of BILS. High-ranking officials from both organisations attended the event, underscoring the importance of institutional collaboration in the financial and labour sectors.
Partnership Overview and Key Entities
The following table outlines the roles and significance of the participating organisations:
| Feature | Details |
| Insurer | Astha Life Insurance Company Limited |
| Client Organisation | Bangladesh Institute of Labour Studies (BILS) |
| Primary Coverage | Group Life & Comprehensive Health Insurance |
| Institutional Parent | Army Welfare Trust (Bangladesh Army) |
| Signatories | Brig Gen Shah Sagirul Islam (Retd) & Syed Sultan Uddin Ahmed |
Institutional Pedigree: The Astha Life Advantage
Astha Life is not merely a conventional insurer; it is a prestigious life insurance provider operating under the rigorous supervision and management of the Army Welfare Trust of the Bangladesh Army. While its foundations are rooted in military discipline and reliability, the company is fully open to the general public, offering a variety of innovative products designed to meet the diverse needs of the Bangladeshi populace.
BILS, on the other hand, is a premier national-level labour research and advocacy institute. By securing this insurance deal, BILS is leading by example—demonstrating that the protection of workers’ rights begins with the protection of its own staff.
Future Implications
This collaboration is expected to set a benchmark for other non-governmental and research organisations in Bangladesh. As Astha Life continues to expand its corporate portfolio, the focus remains on delivering the “trust” associated with the Bangladesh Army to the broader corporate landscape. For the employees of BILS, the deal represents a tangible improvement in their service benefits, ensuring that their health and well-being are prioritised by a provider known for its fiscal stability and disciplined claims processing.