Pragati Life Insurance PLC, in partnership with BRAC Bank PLC, has settled its first insurance claim under bancassurance platform, said a press release.
Following demise of a policyholder, a cheque amounting Tk 12,28,484 was handed over to the nominee at a ceremony held at Brac Bank鈥檚 head office in the capital recently.
Pragati Life managing director and chief executive officer Md Jalalul Azim and BRAC Bank MD and CEO Tareq Refat Ullah Khan handed over the cheque.
As per the release, Pragati Life settled this claim within 48 hours, demonstrating its strong commitment to prompt service delivery and customer satisfaction.
Speaking at the event, both CEOs emphasised the vital role of bancassurance in promoting financial inclusion and expanding access to insurance protection across Bangladesh.