Dhaka:

Exim Bank and Popular Life Insurance Limited have signed a momentous agreement to provide life insurance products to Exim Bank’s customers through a bancassurance partnership. The official signing ceremony took place on Wednesday at Exim Bank’s head office.

Feroz Hossain, Managing Director and CEO of Exim Bank, and BM Yousuf Ali, Managing Director and CEO of Popular Life Insurance Limited, signed the agreement on behalf of their respective organizations.

The ceremony was also distinguished by the presence of prominent figures from both institutions, including Exim Bank’s Additional Managing Directors Humayun Kabir and Shah Abdul Bari, Deputy Managing Directors Zoshim Uddin Bhuiyan, Maksuda Khanam, and Moidul Islam. Representing Popular Life Insurance Limited was Chief Consultant Abdullah Harun Pasha, alongside senior executives from both parties.

This collaboration allows Exim Bank to leverage the bancassurance model, offering Popular Life’s insurance policies to its customer base. The partnership strictly adheres to the bancassurance guidelines set forth by Bangladesh Bank and the Insurance Development and Regulatory Authority (IDRA).