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With the promise to offer integrated financial services to the people of Bangladesh, Mutual Trust Bank PLC (MTB) and Guardian Life Insurance Limited have inked a 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 25, 2024, at Mutual Trust Bank PLC (MTB)’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 Sheikh Rakibul Karim, FCA, CEO of Guardian 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, Md. Shafquat Hossain, DMD & Head of Retail Banking, Md. Bakhteyer Hossain, DMD & COO, Md. Shamsul Islam, DMD & Head of Treasury, Usman Rashed Muyeen, DMD & Head of Credit Risk Management and Abdul Mannan, Head of Branch Banking Division, from MTB and Mahmudur Rahman Khan, Head of Retail Business, M. Saud Imran, Chief Operating Officer and Ahmed Istiaque Mahmud, Head of Bancassurance, Majedur Rashid Chowdhury, Head of Finance & Accounts and Tahsinur Rahim, Head of Internal Audit & Compliance from Guardian Life Insurance Limited along with other high officials were also present at the ceremony.