Exim Bank signs bancassurance deal with Fareast Islami Life Insurance

Exim Bank has signed a corporate agreement with Fareast Islami Life Insurance Company Limited to start selling life insurance policies through Bancassurance.

According to the agreement, Exim Bank will sell insurance policies issued by Fareast Islami Life Insurance Company Limited to its customers in the system of Bancassurance guidelines issued by Bangladesh Bank and Insurance Development and Regulatory Authority (IDRA), says a media release.

Managing Director and CEO of Exim Bank Mohammad Feroz Hossain and Managing Director and CEO of Fareast Islami Life Insurance Company Limited Md Apel Mahmud signed the agreement on behalf of their respective sides at the bank’s head office on Thursday.

Additional Managing Director Md Humayun Kabir, and Shah Md Abdul Bari, Deputy Managing Director Md Zoshim Uddin Bhuiyan, Maksuda Khanam and Md Moidul Islam, Vice Chairman of Fareast Islami Life Insurance Company Limited Md Ibrahim Hossain Khan, Director Zaharul Islam Chawdhury and senior executives of both the organisations were also present in the programme.