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UCB inks bancassurance deal with JBC


Published : 07 Jun 2024 09:04 PM

In a groundbreaking move set to redefine the landscape of insurance accessibility, United Commercial Bank Plc (UCB) has forged a strategic alliance with the esteemed Jiban Bima Corporation (JBC), the country's premier state-owned life insurance provider. 

Under the partnership, UCB assumes the role of an authorized agent for Jiban Bima Corporation, empowered to market and distribute a comprehensive array of insurance products. 

The deal was signed on Thursday at the Radisson Hotel in the capital. 

UCB's Additional Managing Director and Company Secretary, ATM Tahmiduzzaman, and JBC's Managing Director (Additional Secretary), Md Muhibuzzaman, signed the agreement on behalf of their respective organisations.