In a move to enhance insurance accessibility, United Commercial Bank Plc (UCB) has entered into a strategic partnership with Jiban Bima Corporation (JBC), the leading state-owned life insurance provider in Bangladesh.
This landmark bancassurance agreement marks a new era of convenience and reliability for customers across the nation. As an authorized agent for JBC, UCB will market and distribute a comprehensive range of insurance products, allowing customers to access top-tier insurance services at any UCB branch.
The agreement was signed on Thursday at the Radisson Hotel in the capital, attended by prominent figures from both organizations. UCB’s Additional Managing Director and Company Secretary ATM Tahmiduzzaman and JBC’s Managing Director (Additional Secretary) Md Muhibuzzaman signed the agreement, underscoring their commitment to transforming the insurance landscape.
The ceremony was attended by dignitaries including Md Abdur Rahman Khan, Secretary of the Financial Institutions Department of the Ministry of Finance, who praised the collaboration as a significant step towards enhancing customer trust and convenience in the insurance sector. Jishnu Roy Chowdhury, adviser to UCB’s mobile financial service provider Upay and former ambassador, also attended as a special guest, highlighting the importance of this alliance.
Md Muhibuzzaman, Managing Director (Additional Secretary) of JBC, remarked, “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 gratitude to JBC for entrusting UCB with this transformative partnership. He emphasized UCB’s dedication to customer-centric innovation, highlighting how this synergy will provide customers with unparalleled access to life-enhancing insurance solutions.
With senior officials from both institutions in attendance, this agreement sets the stage for a new chapter in the history of insurance excellence.
