Dhaka, Bangladesh – Green Delta Insurance PLC has recently announced a groundbreaking partnership with Wagely, aiming to introduce Digital Nano Insurance for workers in Bangladesh’s ready-made garment (RMG) sector. The initiative is designed to make health insurance more accessible and affordable for thousands of workers, marking a significant step towards enhancing social protection in the industry.
Under this innovative scheme, approximately 250,000 Wagely users and their family members will gain coverage that includes both In-Patient Department (IPD) and Out-Patient Department (OPD) health services. Remarkably, the cost of this insurance is less than one US dollar, allowing workers to secure essential health services and financial protection at minimal expense.
The Memorandum of Understanding (MoU) was jointly signed by Syed Farhad Abbas Hossain, Deputy Managing Director and Head of Underwriting at Green Delta Insurance PLC, and Noor Ahli, Managing Director of Wagely. Through this collaboration, both organisations aim to strengthen social security for export-oriented garment workers, enhance workforce capabilities, and improve overall financial well-being.
Experts highlight that the introduction of digital nano insurance could open a new frontier for healthcare access in Bangladesh. Beyond reducing health-related risks, it is expected to deliver tangible benefits in financial security, quality of life, and long-term workforce productivity. By facilitating affordable healthcare, the scheme may also support greater employment stability and efficiency in the RMG sector.
The following table summarises the key aspects of the partnership:
| Feature | Description |
|---|---|
| Partner Organisations | Green Delta Insurance PLC, Wagely |
| Target Group | Approx. 250,000 RMG workers and their families |
| Insurance Type | Digital Nano Insurance (IPD & OPD coverage) |
| Cost | Less than $1 per person |
| Purpose | Enhance social protection, workforce capability, financial well-being |
| Long-term Impact | Easier access to healthcare, improved financial security, increased productivity |
This partnership ensures that workers in Bangladesh’s garment industry can obtain health insurance easily, reducing financial and medical risks in their daily lives. At the same time, it contributes to the sustainable development of the sector and promotes workers’ economic empowerment.
Notably, this digital insurance initiative represents a milestone in healthcare digitisation and financial inclusion for marginalised populations in Bangladesh. It is expected to set a benchmark not only for improving healthcare access and financial security for individual workers but also for advancing sustainable growth, health awareness, and economic resilience across the entire RMG sector.