Southeast Bank signs agreement with MetLife Bangladesh for group insurance of its employees and their dependents

Southeast Bank PLC has signed an agreement with MetLife Bangladesh recently at the bank’s Head Office to provide comprehensive group insurance coverage for its employees and their dependents.

Mr Nuruddin Md. Sadeque Hossain, Managing Director of Southeast Bank PLC and Mr Ala Ahmad, Chief Executive Officer of MetLife Bangladesh exchanged the agreement on behalf of their respective organizations, according to a media release. 

The coverage includes a “Group Life Insurance” facility for 3100 permanent employees and sub-staff of the bank, covering natural death, permanent total disability, permanent partial disability and double of coverage amount in case of accidental death.

It also includes a “Group Medical Insurance” facility with in-patient hospitalization and extended In-Patient for 14 critical illnesses like Cancer, Stroke, Heart Attack, etc for employees, their spouses and two children under 23 years of age.

Along with a “Group Maternity Insurance” facility for In-patient maternity expenses, including caesarian delivery, normal delivery and miscarriage for female employees and the spouses of male employees limited to two children.

Mr. Nuruddin Md. Sadeque Hossain, Managing Director of Southeast Bank PLC, stated that the long-anticipated group insurance facility will ensure affordable quality treatment for employees and their dependents, protect against unexpected medical costs, and provide financial security and peace of mind.

He added that as part of the bank's 30^th Anniversary in 2025 with the motto “A journey of Maturity, Stability and Consolidation” the insurance will inspire employees to work with greater devotion, contributing to the bank’s continued success.

Mr. Ala Ahmad, Chief Executive Officer of MetLife Bangladesh, said, “By providing insurance coverage to the employees and family members, Southeast Bank has added another significant milestone to its successful journey of 30 years. We remain committed to supporting organizations and individuals in building a confident future with MetLife’s world-class insurance."

Mr Abidur Rahman Chowdhury & Mr Masum Uddin Khan, Deputy Managing Directors of Southeast Bank PLC and Mr Jafar Sadeque Chowdhury, Additional Managing Director & Chief Distribution Officer; Mr Ala Uddin, Deputy Managing Director and Chief Financial Officer of MetLife Bangladesh along with senior officials from both organizations were present at the agreement signing ceremony.