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With the promise to offer integrated financial services to the people of Bangladesh, Mutual Trust Bank PLC (MTB) and Pragati Life Insurance Limited have inked a historic Bancassurance agreement. It’s worth mentioning here that Bancassurance is a partnership between a bank and an insurance company whereby the bank sells insurance products through its distribution channels. The deal, inked on January 04, 2024, at Mutual Trust Bank’s head office, will play a substantial role in creating awareness about insurance and positively contribute to the overall economic development and risk mitigation of the countrymen.
Syed Mahbubur Rahman, Managing Director & CEO of MTB and M. Jalalul Azim, Managing Director and CEO of Pragati Life Insurance Limited were present at a simple ceremony held at MTB Centre, the Bank’s Corporate Head Office, Gulshan 1, Dhaka 1212. Among others, Chowdhury Akhtar Asif, AMD and GCRO, Md. Khalid Mahmood Khan, AMD & CBO. Md. Shafquat Hossain, DMD & Head of Retail Banking, Md. Bakhteyer Hossain, DMD & COO and Md. Shamsul Islam, DMD & Head of Treasury from MTB and Md. Rafiqul Alam Bhuiyan, Additional Managing Director, Quazi M Murshed, Assistant Managing Director and Md. Jaharul Islam, SVP & Head of Bancassurance from Pragati Life Insurance Limited along with other officials were also present at the ceremony.