City Bank had signed an agreement with Reliance Insurance Limited to commence the sale of non-life insurance policies under Bancassurance, said a press release on Monday.
The signing ceremony was held recently at City Bank PLC Head Office. This agreement will enable City Bank customers to buy insurance products of Reliance Insurance Limited directly from the bank under Bancassurance Guideline of Bangladesh Bank and IDRA.
Mashrur Arefin, MD and CEO of City Bank and Md Khaled Mamun, chief executive officer of Reliance Insurance Limited signed the agreement on behalf of their respective organisations.
Sheikh Mohammad Maroof, AMD and chief business officer, Mohammad Mahbubur Rahman, AMD and Chief Financial Officer, Mahia Juned, AMD and chief operating officer, AKM Saif Ullah Kowchar, DMD and head of ICC, Kazi Azizur Rahman, DMD and chief information officer, Nurullah Chaudhury, DMD and head of Corporate Banking, Ashanur Rahman, chief economist and country business manager, Arup Haider head of Retail Banking from City Bank and Syed Qayem Hussain, senior executive vice-president, Ramzanul Quadar Billah, senior vice-president of Reliance Insurance Limited and other high officials of both the organisations were present at the signing ceremony.
