Shimanto Bank signs insurance deal for credit cardholders
Shimanto Bank has signed a memorandum of understanding (MoU) with Astha Life Insurance Company Ltd at the bank's head office to provide protection benefits for its credit cardholders.
Under the agreement, credit cardholders of Shimanto Bank will be covered by Astha Life Insurance Company Ltd under a Credit Shield Insurance scheme. The bank said the arrangement is intended to help protect the financial security of cardholders' families in unforeseen circumstances.
The memorandum was signed by the Managing Director and CEO of Shimanto Bank, Md Nurul Azim, and the Chief Executive Officer of Astha Life Insurance Company Ltd, Brigadier General Shah Sagirul Islam (Retd), on behalf of their respective organisations.
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Among others present at the signing ceremony were Shimanto Bank Head of Business Md Sahidul Islam, Head of Operations Mohammad Azizul Hoque, and Head of Cards and ADC Sharif Zahirul Islam.
Representing Astha Life Insurance Company Ltd were Additional Managing Director and Divisional Head of Sales and Marketing, Samira Yunus, and Senior Executive Vice President of Administration and General Services Lt Col Md Khairul Bashar (Retd), along with senior officials from both institutions.
