Insurance Policy Discontinuation Bangladesh: More than 26 lakh insurance policies have lapsed in Bangladesh in the last 14 years owing to a raft of factors including the worsening of financial health of clients, a lack of awareness among them, and agents’ tendency not to explain product features properly while selling them.
Bancassurance will open a new horizon for the insurance industry in Bangladesh as the collaborative arrangement will help insurers expand their coverage at low cost, according to industry people.
Pragati Life Insurance signed a bancassurance agreement with Dutch-Bangla Bank recently, enabling the bank’s customers to purchase the life insurer’s diverse range of insurance products through the bank’s extensive network of branches.
Pragati Life Insurance recently signed a bancassurance agreement with Mutual Trust Bank (MTB), enabling the bank’s customers to conveniently access and purchase the life insurer’s diverse range of insurance products.