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In a move to redefine the landscape of insurance accessibility, United Commercial Bank Plc (UCB) has forged a strategic alliance with Jiban Bima Corporation (JBC), the country's premier state-owned life insurance provider.
This historic bancassurance agreement heralds a new era of convenience and reliability for customers nationwide.
Under the terms of this partnership, UCB assumes the role of an authorized agent for Jiban Bima Corporation, empowered to market and distribute a comprehensive array of insurance products.
This means that patrons can now seamlessly avail themselves of top-tier insurance services at any UCB branch, transcending geographical boundaries with unparalleled ease.
The pact was solemnized on Thursday, amidst an aura of anticipation and enthusiasm at the Radisson Hotel in the heart of the capital.
Leading luminaries from both entities, including UCB's Additional Managing Director and Company Secretary ATM Tahmiduzzaman, and JBC's Managing Director (Additional Secretary) Md Muhibuzzaman, affixed their signatures to this monumental agreement, underscoring their commitment to revolutionize the insurance landscape.
The ceremony was graced by esteemed dignitaries, including Md Abdur Rahman Khan, secretary of the Financial Institutions Department of the Ministry of Finance, who lauded this collaboration as a pivotal step towards enhancing customer trust and convenience in the insurance domain.
Jishnu Roy Chowdhury, the adviser to UCB's mobile financial service provider Upay and former ambassador, also lent his presence as a special guest, further underscoring the significance of this landmark alliance.
Managing Director (Additional Secretary) of Life Insurance Corporation Md Muhibuzzaman said: “This collaboration signifies more than just a business partnership; it represents a beacon of hope for countless individuals, promising a future where insurance services are not just accessible but seamlessly integrated into their everyday lives.”
Arif Quadri, managing director and CEO of UCB expressed his gratitude to Jiban Bima Corporation for entrusting UCB with this transformative partnership.
He emphasized UCB's unwavering commitment to customer-centric innovation, highlighting how this synergy will empower patrons with unparalleled access to life-enhancing insurance solutions.
With senior officials from both institutions standing as a testament to their unwavering dedication, the stage is set for a new chapter in the annals of insurance excellence.
Messenger/Sajib
