Pragati Insurance, Midland Bank mark first motor claim settlement under bancassurance

Pragati Insurance Limited, a non-life insurer and the bancassurance partner of Midland Bank PLC, has successfully settled its first non-life motor car insurance claim.

The bank organised a function at its Gulshan branch recently to mark the occasion, according to a press release.

Md Rashed Akter, head of retail distribution division and chief bancassurance officer of Midland Bank PLC, and Md Manjur Hussain, head of the bancassurance and branch control department at Pragati Insurance Limited, handed over a cheque to customer Mohammad Kutubuddin during the event.

Midland Bank PLC and Pragati Insurance Limited reaffirmed their joint commitment to strengthening customer trust in Bangladesh's insurance sector and making bancassurance services more dynamic through transparent and customer-centric service delivery, the release added.

Khondoker Imran Hossain, bancassurance manager at the Gulshan branch of the bank, and Rajib Dev, customer service manager, along with other senior officials from both organisations, were also present.