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Category: Business

JBC Enforces Strict Rider Rules Pre-Existing Diseases and High-Risk Jobs Excluded

JBC Enforces Strict Rider Rules: Pre-Existing Diseases and High-Risk Jobs Excluded

News Desk, GLive24.comAugust 3, 2026
Bangladesh’s state-run life insurer, Jiban Bima Corporation (JBC), has implemented a stringent set of underwriting regulations that strictly exclude individuals with pre-existing medical conditions, high-risk occupations, and undisclosed health histories from acquiring supplementary insurance benefits, widely known in the industry as riders. Under these revised terms, applicants are now legally required to provide full medical […]
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Bangladesh Apparel Exports to the EU Drop Across 15 Markets

Bangladesh Apparel Exports to the EU Drop Across 15 Markets

News Desk, GLive24.comAugust 2, 2026
Bangladesh’s ready-made garment (RMG) sector is facing mounting commercial pressure as export earnings across 15 of the 27 European Union member states registered a distinct downturn during the 2025–26 fiscal year. Data released by the Export Promotion Bureau (EPB) and evaluated by industry trade bodies—including the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the […]
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International Insurer MetLife Faces Serious Allegations of Insurance Fraud in Dhaka

International Insurer MetLife Faces Serious Allegations of Insurance Fraud in Dhaka

News Desk, GLive24.comJuly 26, 2026
A severe allegation of institutional misconduct, fraudulent practices, and prolonged harassment has been levelled against the multinational life insurance giant, MetLife Insurance. The company stands accused of unlawfully denying a legitimate policy claim to the designated beneficiary of a deceased customer in Bangladesh. Despite four years of administrative appeals, the grieving family remains deprived of […]
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Risk-Sharing Finance Expands Investment in Developing Nations

Risk-Sharing Finance Expands Investment in Developing Nations

News Desk, GLive24.comJuly 4, 2026
A growing number of developing economies are turning to insurance-backed lending structures as a means of attracting greater private investment and addressing persistent financing shortfalls. As governments struggle to mobilise sufficient public resources to meet long-term development needs, innovative risk-sharing arrangements are increasingly reshaping the landscape of international development finance. The financing challenge remains immense. […]
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Bangladesh MFS Users Denied Retail Transaction Insurance Protection

Bangladesh MFS Users Denied Retail Transaction Insurance Protection

News Desk, GLive24.comJune 10, 2026
The deployment of Mobile Financial Services (MFS) is advancing at an unprecedented rate across Bangladesh, with the total volume of registered accounts currently standing at approximately 24.5 crore (245 million). Out of this massive user base, roughly 39.5 per cent are classified as active accounts. At present, 13 licensed MFS providers are operating within the […]
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Uninsured Climate Risks Threaten Asia-Pacific Economies

Uninsured Climate Risks Threaten Asia-Pacific Economies

News Desk, GLive24.comJune 10, 2026
Disproportionate Protection Gaps in Developing Countries The escalating volume of natural catastrophes worldwide is generating significant financial damage, yet a critical shortfall in insurance coverage leaves much of the world unprotected. According to data published by the Swiss Re Institute, approximately 88 per cent of all economic losses resulting from natural disasters in the Asia-Pacific […]
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Five Insolvent Financial Institutions Face Compulsory Liquidation

Five Insolvent Financial Institutions Face Compulsory Liquidation

News Desk, GLive24.comJune 10, 2026
Bangladesh Bank has resolved to initiate compulsory liquidation procedures against five deeply troubled non-banking financial institutions (NBFIs). This definitive regulatory action was approved on Tuesday during a board of directors meeting held at the central bank’s headquarters, under the chairmanship of Governor Mostakur Rahman. As an immediate first step, the central bank will dissolve the […]
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