Shimanto Bank signs MoU with Astha Life Ins for cardholders’ protection

Shimanto Bank PLC has recently signed a memorandum of understanding (MoU) with Astha Life Insurance Company Ltd.

Md Nurul Azim, managing director and chief executive officer of Shimanto Bank PLC, and Brig Gen (retd) Shah Sagirul Islam, chief executive officer of Astha Life Insurance Company Ltd, signed the MoU at the bank’s head office in Dhaka, according to a press release.

Under the agreement, the bank’s credit cardholders will be covered by the protection benefits of Astha Life Insurance Company Ltd. The Credit Shield Insurance ensures that the financial security of cardholders’ families is maintained even in unforeseen circumstances.

Md Sahidul Islam, head of business at the bank; Mohammad Azizul Hoque, head of operations; and Sharif Zahirul Islam, head of cards and alternative delivery channels (ADC), attended the event.

Samira Yunus, additional managing director and divisional head of sales and marketing at the life insurer, and Lt Col (retd) Md Khairul Bashar, senior executive vice-president of administration and general services, along with other senior officials from both institutions, were also present at the signing ceremony.