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Payments against claims of around 10 lakh policyholders are hanging in the balance as 29 life insurance companies are not clearing dues owing to a liquidity crisis, official figures showed.
The government is pondering over whether to set up an “independent” insurance company under Bangladesh Karmachari Kallyan Board (BKKB) to provide insurance to government employees.
A borrower will no longer need to depend on immovable properties to get a bank loan, with the government moving to ease the lending system by allowing moveable properties such as savings certificates, fixed deposits, copyrights or even agricultural production to be used as collateral too.