Eastern Bank PLC (EBL) has signed a bancassurance agreement with City Insurance PLC to provide innovative insurance solutions through EBL’s extensive banking network nationwide.
The agreement was signed at EBL’s head office in Dhaka by M. Khorshed Anowar, Deputy Managing Director, Head of Retail and SME Banking, and Chief Bancassurance Officer of EBL, and A.K.M. Mohiuddin, Additional Managing Director and Head of Business Development Department at City Insurance PLC.
Through this partnership, EBL customers will have access to a wide range of non-life insurance products, addressing personal and business risk protection needs. The collaboration combines EBL’s nationwide distribution network with City Insurance’s non-life insurance expertise, aiming to enhance customer convenience and strengthen risk awareness.
Both institutions aim to contribute to building a more inclusive and resilient financial ecosystem, helping individuals and businesses safeguard their assets and ensure financial well-being.
The signing ceremony was attended by Sarmin Atik, Head of Liability and Wealth Management, and Md. Raquib, Head of Bancassurance and Student Banking from EBL; Mohammed Ashaduzzaman Sarkar, Company Secretary, and Sheikh Azizul Haque, Chief Financial Officer from City Insurance PLC.
