City Bank signs bancassurance agreement with Reliance Insurance Limited
City Bank has signed an agreement with Reliance Insurance Limited to commence the sale of non-life insurance policies under Bancassurance.
The signing ceremony was held recently at City Bank PLC head office, reads a press release.
This agreement will enable City Bank customers to buy insurance products of Reliance Insurance Limited directly from the bank under Bancassurance Guideline of Bangladesh Bank and IDRA.
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Mashrur Arefin, MD & CEO of City Bank and Md Khaled Mamun, Chief Executive Officer of Reliance Insurance Limited signed the agreement on behalf of their respective organisations.
Sheikh Mohammad Maroof, AMD & Chief Business Officer; Mohammad Mahbubur Rahman, AMD & Chief Financial Officer; Mahia Juned, AMD & Chief Operating Officer; AKM Saif Ullah Kowchar, DMD & head of ICC; Kazi Azizur Rahman, DMD & Chief Information Officer; Nurullah Chaudhury, DMD & head of Corporate Banking; Ashanur Rahman, Chief Economist & Country Business Manager; Arup Haider, head of Retail Banking from City Bank and Syed Qayem Hussain, senior executive vice president; Ramzanul Quadar Billah, senior vice president of Reliance Insurance Limited and other high officials of both the organisations were present at the signing ceremony.
