Swisscontact’s “Sarathi-Improving Financial Health” project supported by MetLife Foundation, Happel Foundation, and Swisscontact, aims to improve the financial health of ready-made garment (RMG) workers and their communities by ensuring access to health care and better health management, said a press release.
Swisscontact’s Sarathi project and Waadaa.Insure, an InsurTech startup of MGH Group, signed a Memorandum of Understanding (MoU) on September 5, 2023, in order to give RMG workers access to alternative health finance and establish social safety nets to help reduce gender disparity.
During the six-month pilot project, Waadaa.Insure will distribute life and digital health insurance to 20,000 RMG workers (ensuring 50% of recipients are women) in the RMG clusters in Dhaka, Gazipur, Narayanganj, and Chattogram.
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Ms. Bipasha S. Hossain, Team Leader, Sarathi, Swisscontact Bangladesh, and Mr. Sk. Khalidujjaman, Associate Director & Chief Marketing Officer, Waadaa.Insure, signed the MoU in the presence of Waadaa and Sarathi representatives.
This partnership of Swisscontact and Waadaa.Insure will help develop a sustainable model enabling RMG workers to have access to a variety of interconnected and additional innovative initiatives to better their lives.
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