Pragati Life settles first bancassurance claim with Brac Bank
Pragati Life Insurance PLC, in partnership with Brac Bank PLC, has settled its first insurance claim under the Bancassurance platform — marking a key milestone in Bangladesh's emerging bancassurance sector.
Following the unfortunate demise of a policyholder, a cheque of Tk12,28,484 (twelve lakh twenty-eight thousand four hundred eighty-four) was handed over to the nominee at a ceremony held at Brac Bank's Head Office in Dhaka.
The event was attended by Md Jalalul Azim, Managing Director and CEO of Pragati Life Insurance PLC, and Tareq Refat Ullah Khan, Managing Director and CEO of Brac Bank PLC.
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Pragati Life completed the claim settlement within just 48 hours, underscoring its commitment to swift service and customer satisfaction.
Speaking at the event, both CEOs highlighted the growing importance of bancassurance in driving financial inclusion and expanding access to insurance protection across the country.
Pragati Life reaffirmed its dedication to ensuring fast, transparent, and customer-centric service to strengthen public confidence in life insurance.
