BRAC Bank PLC has secured approval for Bancassurance Business from Bangladesh Bank (BB), a press release said Tuesday.
Mohammad Shahriar Siddiqui, Director, Banking Regulation & Policy Department, BB, handed over the approval document to Syed Abdul Momen, Deputy Managing Director, BRAC Bank, at the BB Head Office in Dhaka on January 28.
Mohammad Ashfaqur Rahman, Additional Director, Banking Regulation & Policy Department, BB; and Mahbubur Rahman, Chief Bancassurance Officer, BRAC Bank were present.
BRAC Bank will arrange Training Courses on Bancassurance for its officials under tutelage of Insurance Development and Regulatory Authority and Bangladesh Insurance Academy. As per regulatory approval, BRAC Bank will start selling insurance products soon to its valued customers.
