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UCB signs bancassurance deal with Jiban Bima Corp

Published : Sunday, 9 June, 2024 at 12:00 AM  Count : 180
Business Desk
United Commercial Bank PlC (UCB) signed bancassurance aggreement with Jiban Bima Corporation (JBC), the countrys premier state-owned life insurance provider
Under the agreement, UCB assumes the role of an authorized agent for Jiban Bima Corporation, empowered to market and distribute a comprehensive array of insurance products.
This means that patrons can now seamlessly avail themselves of top-tier insurance services at any UCB branch, transcending geographical boundaries with unparalleled ease. The agreement was signed at Radisson Hotel in the heart of the capital on Thursday, says a press release.
Senior officials from both entities, including UCB Additional Managing Director and Company Secretary, ATM Tahmiduzzaman and JBC Managing Director (Additional Secretary) Md Muhibuzzaman signed the agreement, underscoring their commitment to revolutionize the insurance landscape.
The ceremony was attended among others by Md. Abdur Rahman Khan FCMA, Secretary of the Financial Institutions Department of the Ministry of Finance, who lauded this visionary collaboration as a pivotal step towards enhancing customer trust and convenience in the insurance domain.
Jishnu Roy Chowdhury, Advisor to UCBs mobile financial service provider Upay and former ambassador, also attended the event as a special guest.
Md Muhibuzzaman said: "This momentous collaboration signifies more than just a business partnership; it represents a beacon of hope for countless individuals, promising a future where insurance services are not just accessible but seamlessly integrated into their everyday lives."
Arif Quadri, the Managing Director and Chief Executive Officer of UCB, expressed his gratitude to Jiban Bima Corporation for entrusting UCB with this transformative partnership. He emphasized UCBs unwavering commitment to customer-centric innovation, highlighting how this synergy will empower patrons with unparalleled access to life-enhancing insurance solutions.
With senior officials from both institutions standing as testament to their unwavering dedication, the stage is set for a new chapter in the annals of insurance excellence.



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