Astha Life and BILS Ink Group Insurance Deal

Astha Life Insurance Company Limited has formally entered into a strategic group insurance partnership with the Bangladesh Institute of Labour Studies (BILS). the agreement was ratified during a formal signing ceremony held on Wednesday at the corporate headquarters of Astha Life.

The contract was signed by Brigadier General Shah Sagirul Islam (Retd), NDC, AFWC, PSC, the Chief Executive Officer of Astha Life, and Syed Sultan Uddin Ahmed, the Executive Director of BILS. The event was attended by high-ranking officials from both organisations, marking a significant step forward in corporate employee welfare.

Comprehensive Coverage for Labour Experts

Under the terms of this newly established protocol, all officers and employees of BILS will be brought under the protective umbrella of Astha Life’s group insurance scheme. This comprehensive package is designed to provide robust Life and Health Insurance coverage, ensuring that the workforce of the labour studies institute has a financial safety net against unforeseen medical emergencies or life events.

The partnership is particularly symbolic given that BILS is a leading institution dedicated to labour rights and workplace safety, now practicing what it preaches by securing the futures of its own staff through a reliable insurance provider.

Institutional Profiles at a Glance

A Legacy of Trust and Security

Astha Life Insurance is distinguished in the Bangladeshi financial landscape by its unique administrative structure. It operates under the rigorous supervision of the Army Welfare Trust of the Bangladesh Army. While its foundations are rooted in military-grade discipline and transparency, the company’s services are entirely open to the general public and private corporate bodies.

Since its inception, Astha Life has sought to redefine the insurance sector in Bangladesh by introducing “Assurance of Security” as its core value. By securing a client as prestigious as BILS, Astha Life further consolidates its position as a preferred insurer for non-governmental organisations (NGOs) and research institutes.

The collaboration is expected to enhance the morale and productivity of BILS employees, providing them with peace of mind as they continue their vital work in labour advocacy and socio-economic research across the country.