Guardian Life Insurance and Dutch-Bangla Bank PLC announce bancassurance partnership

Guardian Life Insurance Limited and Dutch-Bangla Bank PLC have signed a partnership agreement to initiate bancassurance operations, says a media statement Friday.

The signing ceremony was held at Guardian Life Insurance Limited’s Head Office in Dhaka's Gulshan recently. Dutch-Bangla Bank PLC will offer Guardian Life’s insurance policy to its customers under recently issued Bancassurance Guidelines by Bangladesh Bank and IDRA, subject to approval and licence as a corporate agent.

This collaboration will open a broadened scope for customers to engage with innovative insurance solutions of Guardian Life Insurance Limited, according to the statement.

In the presence of Mr Abul Kashem Md Shirin, managing director and CEO of Dutch Bangla Bank PLC and Mr Sheikh Rakibul Karim, FCA, chief executive officer of Guardian Life Insurance Limited; Mr Ahmed Istiaque Mahmud, head of Bancassurance, Guardian Life Insurance Limited, and Mr Md Mosharraf Hossain, head of Branch Operation and Liability Division, Dutch-Bangla Bank PLC signed the agreement on behalf of their respective organisations.

Mr Mahmudur Rahman Khan, head of Retail Business, Mr M Saud Imran, chief operating officer, Mr Tahsinur Rahim, head of Internal Audit and Compliance, Shamima Afroz, CAA, head of Actuary and Reinsurance, Mr Habib Chowdhury, head of Human Resources, Mr Sameeur Rahman Mehdi, vice president, Bancassurance, Mr Mohammad Raafiul Hasan, AVP, Bancassurance from Guardian Life Insurance Limited and Mr Md Abedur Rahman Sikder, deputy managing director and chief operating officer were present at the signing ceremony.

Mr Quazi Anwarul Azim, deputy head of Branch Operation and Liability Division, Mr Mehraj Ahmed Khan Mojlish, head of VIP Banking, Mr Mohammad Munabil Faroq, SEO, Branch Operation and Liability Division from Dutch-Bangla Bank PLC and other high officials of both the organisations also attended the event.