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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.