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MTB & Pioneer Insurance Company Limited ink Bancassurance Deal

With the promise to offer integrated financial services to the people of Bangladesh, Mutual Trust Bank PLC (MTB) and Pioneer Insurance Company 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 11, 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 Syed Shahriyar Ahsan, CEO of Pioneer Insurance Company 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, Goutam Prosad Das, DMD & Group Head of ICC and Usman Rashed Muyeen, DMD & Head of Credit Risk Management from MTB and S.M. Mizanur Rahman, Deputy Managing Director & Company Secretary, S.M. Jasim Uddin, Deputy Managing Director and Habibur Rahman Chowdhury, Assistant Managing Director from Pioneer Insurance Company Limited along with other officials were also present at the ceremony.

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