NCC Bank PLC and Meghna Life Insurance Company Limited recently signed a strategic agreement aimed at ensuring enhanced financial security for home loan customers, said a press release.
Under this agreement, all regular home loan borrowers of NCC Bank will automatically be brought under life insurance coverage provided by Meghna Life Insurance.
This facility will offer vital financial protection to borrowers and their families by covering the outstanding loan amount in the unfortunate event of the borrower鈥檚 accidental death.
NCC Bank deputy managing director Md Zakir Anam and Meghna Life additional managing director Mohammad Tarek signed the agreement in an event at the bank鈥檚 head office.
NCC Bank managing director M Shamsul Arefin and Meghna Life vice-chairman Nasir Uddin Ahmed oversaw the signing ceremony.
Among others, NCC Bank SVP and SME head Sharif Mohammad Mahsin, transaction banking and cash management head Shahin Akter Nuha, retail banking head SM Tanvir Hasan, cards head Mohammad Aminul Islam, Meghna Life consultant and marketing head Md Jaynal Abedin Bhuiyan and group insurance department VP Md Kamruzzaman were present.
Speaking on the occasion, M Shamsul Arefin said that the initiative was designed to provide comprehensive financial security for home loan customers and crucial protection for their families.
He described the agreement as a strategic step toward risk mitigation through closer collaboration between the banking and insurance sectors.
鈥楾his innovative and welfare-oriented initiative will relieve families of financial burdens in difficult times while strengthening customer confidence in NCC Bank鈥檚 services,鈥� Arefin added.
