Prime Bank signs Payroll Banking agreement with National Life Insurance

Prime Bank PLC has recently entered into a Payroll Banking agreement with National Life Insurance PLC, a trusted provider of multifarious life insurance solutions in Bangladesh, to offer comprehensive Payroll Banking services.

The signing ceremony took place at the bank’s corporate office in Dhaka recently, according to a press release.

Under this agreement, employees of National Life Insurance PLC, shall enjoy exclusive payroll banking facilities, dual-currency debit card, customized loan and credit card facilities and a wide range of consumer banking products & services on preferential terms to name a few.

They will also have access to PrimePay- the bank’s omni digital platform that enables seamless and automated salary disbursement along with convenient, round-the-clock corporate payment solutions.

M. Nazeem A. Choudhury, Deputy Managing Director of Prime Bank PLC and Md. Kazim Uddin, Managing Director & Chief Executive Officer of National Life Insurance PLC; signed the agreement on behalf of their respective organisations.

Senior officials from both organisations were present at the signing ceremony.

From Prime Bank, Mamur Ahmed, SEVP & Head of Distribution Network; Miah Mohammad Rabiul Hasan, EVP & Chief Bancassurance Officer; Hasina Fardous, VP & Head of Payroll Banking, attended the event.

From National Life Insurance PLC, Probir Chandra Das FCA, Deputy Managing Director & CFO; Md. Enamul Hoque, Head of HRD; S.M. Baki Billah, EVP & Head of Bancassurance; along with other senior officials were also present.