Photo : Courtesy
This week marked the launch of the Standard Chartered MetLife Assurance Credit Card (Assurance Card) with Mastercard – the nation’s first-ever card offering to provide customers with insurance coverage. The newly introduced co-branded credit card enables users to avail of insurance and lifestyle benefits in tandem. With Standard Chartered covering the insurance premium, customers will be able to reap the benefits of MetLife’s comprehensive health and life insurance plans from day one.
The Assurance Card, which boasts zero annual fees for the first year, will help customers to cover the cost of medical and healthcare-related expenses as well as death and disability coverage of up to BDT 5 lakhs. A never-before-seen benefit includes coverage of up to BDT 3,000 per day for hospital stays. When charging the Assurance Card at major health centers across Bangladesh, customers will also be able to take advantage of discounts of up to 35%. Card users will also enjoy a range of lifestyle offers such as a free Priority Pass, year-round access to airport lounges and facilities, and BOGO benefits at selected retailers and restaurants. Assurance Card customers will be able to earn Reward Points – which can be used later on to waive annual fees.
Naser Ezaz Bijoy, Chief Executive Officer, of Standard Chartered Bangladesh, said, “As needs shift, Standard Chartered remains dedicated to helping our customers to build a better life and prepare for the future. Transacting digitally – by using our Assurance Card for doctor’s visits, hospital stays, and life insurance benefits – makes it possible to deal with life’s difficulties without sacrificing safety and security. By launching the nation’s very first insurance-backed credit card, Standard Chartered is proud to create a comprehensive safety net for our customers – proving that going cashless truly is priceless in times of need. I would like to extend a big thank you to MetLife and Mastercard for partnering with us to launch this one-of-a-kind credit card.”
Ala Ahmad, Chief Executive Officer, MetLife Bangladesh, said, “We are delighted to collaborate with Standard Chartered and Mastercard to introduce this innovative credit card. MetLife’s world-class insurance protection will help cardholders to enjoy many lifestyle amenities along with the assurance of managing life’s many uncertainties with confidence.”
Syed Mohammad Kamal, Country Manager, Bangladesh, Mastercard, said, "The launch of the Standard Chartered MetLife Assurance Credit Card is in line with Mastercard’s commitment to bring the best of benefits to cardholders. The card has benefits tailored for cardholders prioritising long-term health. By catering to the needs of our cardholders, Mastercard strives to become the preferred card in the market."
With over 118 years of uninterrupted presence in the nation, Standard Chartered Bangladesh is the only multinational universal bank in Bangladesh. Standard Chartered is committed to bringing comprehensive banking solutions to the table, which are designed to help customers save, spend, and enjoy a variety of exceptional rewards and offers.
MetLife Bangladesh is the nation’s largest life insurer. MetLife offers financial protection via a mix of traditional and innovative products such as individual and group life insurance policies, pension schemes, children’s education policies, saving schemes, critical illness insurance, and accident and health products.
Mastercard is a global technology company in the payments industry. Mastercard is dedicated to connecting and powering an inclusive digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible.
TDM/SNE
