Nagad and Bengal Islami Life Insurance Limited have recently signed a Memorandum of Understanding (MoU).
Under the MoU, customers of Bengal Islami Life Insurance Limited will now be able to pay their life insurance premiums through Nagad.
The agreement ceremony between the organisations was held at Bengal Islami Life Insurance Limited's head office, Nagad said in a statement.
Nagad’s Chief Marketing Officer Sheikh Aminur Rahman, Head of Business Sales Md Saidur Rahman Dipu, Head of Insurance and Financial Institutions Md Bayazid were present at the MoU signing ceremony.
Bengal Islamic Life Insurance Chief Executive Officer MM Monirul Alam, Chief Financial Officer Samsul Islam, Chief Operating Officer Md Alamgir Kabir, Joint AVP Md Mahiuddin, and many others were also present.
Customers of Nagad and Bengal Islamic Life Insurance can now conveniently pay their life insurance premiums using Nagad Wallet or USSD (*167 #). This will simplify and reduce the cost of people's everyday lives, added the statement.
Besides, the customer will be able to pay their premium policy through ‘Nagad’ anytime and from anywhere more conveniently saving them precious time.
In his remarks, Sheikh Aminur Rahman said, “For the last three years, Nagad has operated the Islamic account to make people's daily transactions easier and more economical in the Islamic way of life. This time, customers will also be able to pay a premium to Bengal Islamic Life Insurance through Nagad. We believe this will ensure affordable and secure transactional facilities for our customers.”
