2024-04-30 23:21:22
An agreement has been signed between City Bank and Pioneer Insurance Company Limited to start selling non-life insurance policies under bancassurance business.
The contract signing ceremony was held at City Bank’s head office on Tuesday (April 30). City Bank will offer insurance policies issued by Reliance Insurance Limited to its customers in light of bancassurance guidelines issued by Bangladesh Bank and Insurance Development and Regulatory Authority (IDRA).
City Bank Managing Director and CEO Masrur Arefin and Pioneer Insurance Company Limited Chief Executive Officer Syed Shahriar Ahsan signed the agreement on behalf of their respective organizations.
Additional Managing Director of City Bank Sheikh Mohammad Maruf, Additional Managing Director Mohammad Mahbubur Rahman, Chief Information Officer Kazi Azizur Rahman, Head of Corporate Banking, Nurullah Chowdhury, Chief Economist and Country Business Manager Ashanur Rahman, Head of Retail Banking Arup Haider, Head of HR Nishat Anwar, Head of Bancassurance Subir Kumar Kundu and Pioneer Insurance Company Limited’s S.M. Mizanur Rahman, Deputy Managing Director and Company Secretary, S.M. Jasim Uddin, Deputy Managing Director, Ruhidas Karmkar, Assistant Managing Director, M. Najeeb Iqbal, Executive Vice President along with senior officials of both the organizations were present.