Community Bank signs deal with Guardian Life Insurance

Community Bank Bangladesh Limited and Guardian Life Insurance Limited recently signed an agreement on the insurance coverage of the bank’s new student account ‘Protisruti Student Account’.

The agreement was signed by Community Bank Managing Director and CEO Masihul Huq Chowdhury and Guardian Life Insurance Acting Chief Executive Officer Sheikh Rakibul Karim at the bank’s head office in Dhaka, said a press release.

‘Protisruti Student Account’ is for school and college going students aging between 6 years to less than 18 years. It has facilities of health and life insurance coverage benefits with higher return rate. There is no service charge or fee.

Privileged interest rate can be offered which will be calculated on monthly basis (monthly average) to be compounded half-yearly.

In his speech, Masihul Huq Chowdhury said, “We want to develop the savings mindset among the students and this account will motivate them for future savings.”

Community Bank Deputy Managing Director and Chief Business Officer SM Mainul Kabir and other senior officials of the bank were present on the occasion.

Guardian Life Insurance Executive Vice President and Head of Bancassurance Ahmed Istiaque Mahmud, Bancassurance Vice Presidents- Mashfiqur Rahman and Sameeur Rahman Mehdi were also present.