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INSURANCE PREMIUM COLLECTION

BRAC Bank, Akij Takaful Life Insurance tie up

TBP Desk
20 Jun 2022 00:00:00 | Update: 20 Jun 2022 01:07:50
BRAC Bank, Akij Takaful Life Insurance tie up
Akij Takaful Life Insurance MD and CEO Md Alamgir Chowdhury and BRAC Bank DMD and Head of Corporate Banking Tareq Refat Ullah Khan exchange documents after signing an agreement at the bank’s head office in Dhaka recently – Courtesy Photo

BRAC Bank has signed an agreement with Akij Takaful Life Insurance Limited to collect insurance premiums through its various digital and alternate banking channels.

The valued policy-holders of Akij Takaful Life Insurance will now be able to pay insurance premiums across the country, BRAC Bank said in a statement on Saturday.

BRAC Bank Deputy Managing Director and Head of Corporate Banking Tareq Refat Ullah Khan and Akij Takaful Life Insurance Managing Director and CEO Md Alamgir Chowdhury signed the agreement on behalf of respective organizations at the bank’s head office in Dhaka recently.

Over the last couple of years, BRAC Bank has enhanced its Transaction Banking capability by providing various collection and payment solutions for the insurance industry. Direct Debit Pull, the bank’s one of the digital collection solution, has played a pivotal role in starting this new partnership.

BRAC Bank Head of Transaction Banking Jabedul Alam, Team Lead of Transaction Banking Musabbir Ahmed, Akij Takaful Life Insurance DMD and Chief Operations Officer Mohammad Masuduzzaman Khan, EVP and Head of Finance and Accounts Md Abdus Salam Khondoker and other officials from both companies were also present at the signing ceremony.

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