The acclaimed agricultural fintech startup, iFarmer Limited, has entered into an insurance agreement to support both its permanent and temporary employees, along with their families, according to a press release.
Through this arrangement, permanent staff, along with their spouse or one child and parents over the age of 69, will receive medical expense coverage following the insurance terms. iFarmer has also extended its consideration to temporary workers, who will now be entitled to life insurance and hospital stay benefits as outlined in the policy.
The signing ceremony occurred at the head office of iFarmer at Gulshan, where Fahad Ifaz, Co-Founder and CEO of iFarmer and MR. S. M. Ziaul Hoque, FLMI, Chief Executive Officer of Chartered Life Insurance formalized the agreement on behalf of their companies. Esteemed officials of iFarmer including Jamil M Akbar, Co-Founder and COO; Aleya Pervin Leena, Head of People & Culture; Amit Paul, Assistant Manager, People & Culture; Sajid Tahsin Khan, Senior Executive, Compensation, Benefits & Rewards Management; Nasifur Rahman, Senior Executive, People Operations was present during the signing. Among others, Mr. Rajan Chandra Saha, Head of Corporate Business, Mr. S. M. Sayeed Hussain, MBA, ALMI (USA), Head of ADC, Innovation & Branding, Mr. Md. Kamrul Ahsan Mozumder, Head of Corporate Operations, Mr. Md. Kamran Hasan Mazumder, Deputy Manager, Corporate Business of Chartered Life Insurance also attended the ceremony.
iFarmer is dedicated to uplifting local farmers and small to micro-scale agricultural entrepreneurs, offering them financial support, advisory services, insurance, and market access. The company’s initiatives have consistently delivered beneficial impacts on its beneficiary farmers’ livelihoods. At the same time, iFarmer has always prioritized the welfare of its workforce, adopting best practices to enhance the quality of life for its employees and their families. In a move that underscores its dedication to employee well-being, the organization has now broadened its support through extensive health insurance coverage, reinforcing its commitment to the welfare of its staff.
On this note, Fahad Ifaz, Co-Founder and CEO of iFarmer, said, “We outline our organizational roadmap in the most inclusive and welcoming manner so that each employee can feel a sense of belonging. We value all of our permanent and temporary employees, and this is our acknowledgment of the hard work they put in every day. It has been a pleasure to have Chartered Life Insurance as our partner in this process”.
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