Brac Bank Tara has joined forces with MetLife to provide a micro deposit insurance facility at no cost to rural women through the Brac Bank agent banking channel.
Funded by a grant from the Gates Foundation, this initiative aims to enhance financial inclusion and health security among rural women in Bangladesh. The primary objective is to increase insurance penetration and promote health awareness among rural women.
The partnership will benefit over 5,000 Tara customers through the Agent channel.
The agreement was signed on July 9, with MetLife representatives Muhammad Asif Shams, Head of Bancassurance; Kazi Sayeed Faruqui, Key Account Manager of Bancassurance; and Shahriar Kabir, Manager of Bancassurance. Representing Brac Bank were Mahiul Islam, DMD and Head of Retail Banking; Mehruba Reza, Head of Tara, Agami, Premium Banking Segment; Mahbubur Rahman, Head of SME Liability and Cash Management; and Mohammad Jakirul Islam, Head of Strategic Alliance and Digital Financial Service.
This initiative is part of the Gates Foundation’s agenda to increase financial access for women, aiming to empower them with greater financial security, improve healthcare access, and enhance their economic standing, leading to healthier families and communities.
Brac Bank’s commitment to financial inclusion and women’s empowerment aligns with the Gates Foundation’s goals, ensuring customers receive the protection and support they need.
