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Guardian Life Insurance & Netizen IT ushers a New era of Child Education Protection

Guardian Life Insurance & Netizen IT ushers a New era of Child Education Protection

To safeguard the precious education of millions of children across Bangladesh, Guardian Life Insurance Limited & Netizen IT has recently launched “Guardian Eduman Insurance”. Eduman is a popular school management software of Netizen IT, it currently covers over 5,000 educational institutions which includes 2 million+ students and 50,000+ teachers. Under the scope of “Guardian Eduman Insurance”, the legal Guardians of these 2 million+ students will be under insurance coverage for a nominal premium added to the monthly school fees. In case, if there is a sudden demise of any Guardian, there will be an immediate payout of BDT 200,000 to cover the education expenses of the associated child. The teachers will also be under the coverage of this umbrella insurance, thus helping to secure the financial future of the Teachers’ families as well.

The whole user experience of Guardian Eduman Insurance will be digital & integrated with the Eduman Software. Policy uptake, servicing along claims will be fully automated within the software. This initiative will be the second large-scale Microinsurance Project of Guardian Life after the widely acclaimed Guardina Brac Bima (GBB) project where over 10 million microfinance borrowers of BRAC are covered under one aggregate life insurance model.

“This is an amazing initiative that will help protect the education and future of millions of children, it is our precious tribute to the upcoming 2nd National Insurance Day – 1st March 2021. This new era of financial inclusion will necessitate a rethink of the role that financial sector development can play in bringing about real economic outcomes that will lead to the greater well-being of the country as a whole.”, said Mr. Sheikh Rakibul Karim, CEO, Guardian Life Insurance Limited during the official launch of “Guardian Eduman Insurance” recently at Cox’s Bazar.

The inauguration event was chaired by Mr. Asikuzzaman Khan, President, Netizen IT Limited where Mr. Mustafa Jabbar, Honorable Minister, Post & Telecom Ministry, Govt. of the Peoples Republic of Bangladesh presided over as the Chief Guest.

Among other honorable guests, Mr. Raihan Nobel, Director Sales & Marketing, Netizen IT, Mr. Rubayat Saleheen, Head of Marketing & Communications, Guardian Life; Md. Touhidul Islam, Vice President, Guardian Life, and Mr. Ashish Chakraborty, Chief Operating Officer, Nagad were present.
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