Community Bank to distribute Sandhani Life insurance products
Community Bank Bangladesh PLC and Sandhani Life Insurance Company Ltd have signed a bancassurance agreement to provide integrated insurance services to customers nationwide.
Under the partnership, Sandhani Life Insurance's insurance products will be offered through Community Bank's nationwide distribution network.
The agreement was signed at Community Bank Bangladesh PLC's head office. Kimiwa Saddat, Managing Director (current charge) of Community Bank Bangladesh PLC, and Nemai Kumar Saha, Chief Executive Officer of Sandhani Life Insurance Company Ltd, signed the agreement on behalf of their respective organisations.
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Under the bancassurance arrangement, the collaboration is expected to help increase insurance awareness, mitigate financial risks, and support sustainable economic development in Bangladesh.
Senior officials from both organisations attended the signing ceremony. From Sandhani Asset Management Limited, Mir Ariful Islam, Managing Director and Chief Executive Officer, attended the event.
Representatives from Sandhani Life Insurance Company Ltd included Md Mahbubur Rahman, Chief Finance Officer (current charge); Md Mizanur Rahman, Company Secretary; and Abdullah Al Mamun, Assistant Vice President, Bancassurance Section.
From Community Bank Bangladesh PLC, Mohammad Khairul Alam, Head of the ICC Division; Shamsul Haque Sufyani, Chief Operating Officer; and Dr Md Ariful Islam, Head of Corporate Banking and Head of Business (Branch), were also present at the ceremony.
