Prime Bank and MetLife Bangladesh sign agreement for employee insurance
Prime Bank has signed an agreement with MetLife Bangladesh to offer its employees and dependents comprehensive life and medical insurance coverage.
This partnership will protect more than 9,600 Prime Bank employees and dependents against medical expenses, accidents, disabilities, and loss of life.
Insurance coverage for employees and dependents is critical in fostering a sense of security and loyalty among the workforce. Providing insurance protection mitigates the financial burden on people and their families in times of crisis and highlights an organisation's commitment to the well-being of its team.
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Prime Bank has selected MetLife as its insurance provider due to MetLife's consistent track record of claims settlement, customised solutions, and financial strength, which allows it to pay claims faster and without hassle.
The agreement was recently signed at a ceremony attended by senior officials from both organisations, including Hassan O. Rashid, managing director and CEO of Prime Bank, and Ala Ahmad, chief executive officer of MetLife Bangladesh.
"At Prime Bank, we have always been committed to the well-being of our employees. Building on this commitment, our new partnership with MetLife Bangladesh ensures that our employees and their families will continue to feel secure and supported throughout their journey with the Bank," commented Hassan O. Rashid, Managing Director and CEO of Prime Bank.
"Prime Bank's approach to employee care is commendable, and it shows that when an organisation takes care of its employees, it succeeds. This partnership is part of our ongoing commitment to support organisations in creating a secure and resilient future for their employees," said Ala Ahmad, Chief Executive Officer of MetLife Bangladesh.
Established in 1995, Prime Bank is one of the leading private commercial banks in Bangladesh. Its strong focus on retail and corporate banking has spread its operational footprint all over the country, with 146 branches and 153 ATMs at 140 locations.
MetLife provides insurance protection to over 1 million individual customers and 900 organisations in Bangladesh. In the last six years, MetLife Bangladesh has settled claims worth more than 10,500 crore taka.
