MetLife Bangladesh has launched a new all-in-one solution which offers life insurance benefits and financial protection for accidents, serious illnesses, hospital admission and disability from a single insurance policy. Under MetLife Depositor's Protection Scheme (MDPS), customers can receive a wide range of financial protection against many unforeseen events from one dedicated policy. They can also receive investment benefits (tax rebate) and maturity value at the end of the policy tenure. Read: MetLife launches insurance industry's 1st paperless agent recruitment process MDPS allows customers to customise their financial benefits according to their needs and plans. Subject to their preference, they will also be able to enjoy health features of the MetLife 360Health mobile app for free, and up to 40 percent discount on discounts on various medical and diagnostic services from a wide range of hospitals, clinics, and diagnostic centres, according to a media statement. MetLife Bangladesh Chief Executive Officer Ala Ahmad said: "MDPS has been designed to offer comprehensive financial protection against life's different needs. We believe customers will be able to enjoy a secured, worry-free life with MDPS' all-in-one benefits." Read Nagad partners with MetLife for employee insurance

Bangladesh Bank (BB) has launched a Tk-500 crore refinancing scheme to create jobs for the people who have migrated from urban areas to villages amid the Covid-19 pandemic with a focus on women. The central bank will provide funds from its own sources to give loans to the unemployed and self-employed people of the informal sector for involving them in the production line to strengthen the rural economy. The people of such category will get loans Tk 2.0 lakh to Tk 5.0 lakh at 6 percent interest for a two-year to three-year period with a three-month to six-month grace period. READ: Credit guarantee scheme: IFC, Bangladesh Bank sign deal to support Covid-hit small businesses Minimum 10 percent of loan will have to be distributed among the women entrepreneurs under the Tk-500 crore refinance programme, which is expected to be increased considering the situation. The central bank’s agriculture credit department issued a circular on Monday emphasising the importance of revitalizing the rural economy following the Covid-19 the shock. Participatory banks can disburse such loans through their own branches, sub-branches, agent banking outlets and mobile banking systems. Banks cannot distribute the loans through micro-finance institutes or NGOs, the circular says. The loan disbursement period of this fund is fixed at December 31, 2024, and loan collection period will be continued as per loans’ schedule. The central bank will provide funds to the participatory banks as per demand with 0.5 percent interest rate while the banks will charge a maximum 6 percent interest rate from at the clients/borrower level. The loan disbursement will be preferred to local businesses with small capital, small and medium transport purchase, micro-engineering industry, fisheries, cattle farming, chicken-duck rearing, information service centre, vegetable firming and purchasing agriculture equipment and crops harvesting machine. According to a report released by UNB on July 6, 2020,  over 60,000 tenants reportedly have left the capital with their bags and baggage having failed to maintain a roof over their heads and daily expenses as coronavirus has wiped out their jobs and sources of income. READ: How Bangladesh Bank is encouraging more women to become entrepreneurs Even though the economic activities have resumed amid the corona pandemic, many people are not getting back their jobs making it impossible for them to stay in the capital city. Mustafizur Rahman, Distinguished Fellow at the Centre for Policy Dialogue (CPD), said last year that around 1.25 crore people either fully or partially lost opportunities for earnings, and majority of them live in cities.