Mercantile Bank, Chartered Life Insurance sign agreement

Mercantile Bank Limited has signed an agreement with Chartered Life Insurance Company Limited at the bank’s head office in the capital on Monday.

Mercantile Bank Managing Director & CEO Md Quamrul Islam Chowdhury and Chartered Life Insurance CEO SM Ziaul Hoque signed the agreement, the bank said in a statement.

Under the agreement, Mercantile Bank will facilitate the collection of the insurance premium and disbursement of various claim settlements, other charges, bonuses, pensions, employees’ salary, general expenditures, etc. through online banking, mobile financial services “MyCash”, digital banking platform “MBL Rainbow”, agent banking outlets, debit & credit card and other delivery channels.