Southeast Bank PLC and Instasure Limited on Tuesday announced their collaboration with Mastercard to launch a co-branded Titanium credit card and a prepaid card, says a press release.
The new cards will come with multiple insurance and healthcare benefits, such as low premium plans, quick claim processing and settlement, and cost-effective deals on health tests.
Cardholders will be eligible for discounts on pathology tests and radiological imaging, and will be able to avail comprehensive term life, accident, and disability insurance plans with a coverage of up to BDT 500,000. The new cards will also allow cardholders to access the switch on - switch off insurance feature via the Instasure platform.
Nuruddin Md Sadeque Hossain, managing director, Southeast Bank PLC, said, 鈥楾his collaboration will reinforce Southeast Bank鈥檚 commitment to provide innovative solutions with healthcare and insurance benefits to its customers. With these new products, customers will be able to not only avail healthcare services at top hospitals and other medical facilities but will also be able to access customized insurance plans. Further, this association will enhance our credit card portfolio which currently has diverse offerings for different segments.鈥�
MD Rafel Kabir, CEO, Instasure Limited, said, 鈥楢s Bangladesh鈥檚 first insurance-as-a-service platform, we are delighted to collaborate with Southeast Bank and Mastercard to bring simple, personalized, and safe insurance plans to the market. We believe that with promising coverage options and additional benefits, our customers will enjoy a frictionless experience and be able to optimize their health and secure their future.鈥�
Going forward, cardholders will also be able to avail additional benefits, such as discounts on medicines along with their free home delivery, free home sample collection for pathology test, and special deals on patient caretaker services.
Syed Mohammad Kamal, Country Manager, Bangladesh, Mastercard, said, 鈥楢ccess to affordable healthcare and insurance is crucial for the overall well-being and economic stability of Bangladesh. Mastercard is committed to forge collaborations that support the customers in their launch of innovative products and solutions catering to cardholder鈥檚 needs. These new cards will offer a seamless transaction experience and come with Mastercard鈥檚 promise of world-class payment safety and security, along with other exciting benefits.鈥�
