BRAC Bank has launched its Bancassurance service, enabling customers to access insurance products directly through the bank. This offering covers both life and non-life insurance and is available at all branches nationwide. said a press release.
Bancassurance is a collaborative effort between a bank and an insurance company, allowing the bank to distribute insurance products through its channels. BRAC Bank has obtained regulatory permission and licenses from Bangladesh Bank and IDRA. Initially, the bank will offer insurance products from MetLife Bangladesh and Green Delta Insurance, with plans to partner with more insurance companies to expand customer options.
Mohammad Jainul Bari, Chairman of the Insurance Development and Regulatory Authority (IDRA), was the chief guest at the launching ceremony.
