Standard Chartered Bank has become the first multinational bank to sign bancassurance agreement with MetLife. This agreement will enable the Bank to sell MetLife issued insurance solutions to its retail customers.
This partnership of these two organizations with rich history in Bangladesh, will play a significant role in creating awareness about insurance and positively contribute to the overall economic progress of the country.
Bangladesh Bank and Insurance Development and Regulatory Authority (IDRA) have recently published Bancassurance guidelines, enabling banks to act as corporate agents of insurance providers.
Naser Ezaz Bijoy, Chief Executive Officer, Standard Chartered Bangladesh and Ala Ahmad, Chief Executive Officer, MetLife Bangladesh, signed the agreement on behalf of their respective organizations.
Naser Ezaz Bijoy, Chief Executive Officer, Standard Chartered Bangladesh, said, “Standard Chartered is delighted to partner with Metlife to offer our clients convenient and comprehensive financial services, enabling them to plan and safeguard their future. ”
Ala Ahmad, Chief Executive Officer, MetLife Bangladesh said, “At MetLife, our commitment to innovation and responsible business practices drives our wholehearted support for initiatives like Bancassurance. Through our strategic partnership with Standard Chartered Bank, we aim to provide the people of Bangladesh with wider and more efficient access to MetLife’s world-class insurance solutions. ”
