Dhaka, March 2 -- The insurance coverage in Bangladesh has been on the decline, mostly because of the lack of knowledge about risk coverage and clients' distrust of insurance companies.

Over the last one year, Bangladesh Insurance Academy (BIA) has been working to address both concerns by providing training to bankers in insurance products so that banks that received licences of bancassurance can sell products through their well-regulated channels.

Since the launch of the initiative in March last year, the BIA has conducted 58 training courses, with more than 3,000 bankers participating in them. The bankers are directly involved in selling insurance products to their customers.

The initiative is aimed at expanding the insurance coverag...