MetLife to insure Midland Bank employees, dependants

Midland Bank PLC has signed an agreement with MetLife Bangladesh to provide insurance coverage for the bank's employees and their dependants.

Md Ahsan-uz Zaman, managing director and chief executive officer of Midland Bank PLC, and Ala Ahmad, chief executive officer of MetLife Bangladesh, signed the agreement at the bank's head office in Dhaka recently, according to a press release. Zaman said the insurance benefit would enhance employees' sense of belonging and loyalty.

"The long-anticipated group insurance facility will ensure affordable, quality treatment for our employees and their dependants, providing protection against unexpected medical costs and offering financial security and peace of mind," he added.

Ahmad said the partnership demonstrated the two organisations' shared vision of prioritising employee well-being through comprehensive insurance solutions.

Under the agreement, nearly 600 permanent employees of Midland Bank will be covered against accidents, disabilities and loss of life. Their dependants will also receive in-patient, out-patient and maternity insurance coverage.

Md Zahid Hossain, deputy managing director of the bank; Nazmul Huda Sarkar, deputy managing director and chief technology officer; Javed Tarek Khan, head of the institutional banking division; and Khondkar Towfique Hossain, head of the international division, attended the event.

Mohammad Kamruzzaman, chief corporate business officer of the life insurer; Tauhidul Alam, chief human resource officer; Monirul Islam, vice-president of corporate business; Shehenaz Akter, deputy manager of corporate business; and Mohammad Tipu Sultan, manager of corporate business, among others, were also present.