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Eastern Bank partners with Shanta Life Insurance to expand bancassurance

Eastern Bank PLC (EBL) has signed a memorandum of understanding (MoU) with Shanta Life Insurance to introduce innovative insurance solutions through its banking network.

M Khorshed Anowar, Deputy Managing Director, Head of Retail and SME Banking, and Chief Bancassurance Officer at Eastern Bank PLC, and M Khurshed Kaisar, Deputy Managing Director and Chief Distribution Officer of Shanta Life Insurance, signed the MoU at the bank’s head office in the capital on Tuesday, according to a press release.

Among others, Sarmin Atik, Head of Liability and Wealth Management at the bank; Md Raquib, Head of Bancassurance and Student Banking; Nafis Akhter Ahmed, Chief Executive Officer of the life insurer; and Mashfiqur Rahman, Head of Bancassurance, were also present.

Source: The Daily Star

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