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Mutual Trust Bank PLC (MTB) has launched its bancassurance service, enabling customers to access the service at selected branches from Tuesday.
Syed Mahbubur Rahman, managing director & CEO of the bank, Chowdhury Akhtar Asif, additional managing director & GCRO, and Md Khalid Mahmood Khan, additional managing director & CBO of MTB, alongside the bank's senior management team, inaugurated the service at a ceremony held at its corporate head office recently.
Bancassurance is a collaborative arrangement between banks and insurance companies, allowing the banks to offer insurance products through their distribution channels.
With the recent approval from Bangladesh Bank, MTB joins a selected group of banks authorised to provide such services.
The bank has partnered with leading life and non-life insurance companies such as Guardian Life Insurance Limited, Pragati Life Insurance Ltd, and Green Delta Insurance Company Ltd, to offer a comprehensive range of insurance products to its customers.
"We are thrilled to introduce Bancassurance to our valued customers," said Syed Mahbubur Rahman.
"This initiative will not only enhance our service offerings but also contribute to the broader economic development of Bangladesh by promoting financial security and risk management."