BRAC Bank plans insurance coverage for 50,000 women remittance beneficiaries

Business Report :

BRAC Bank aims to provide life and health insurance coverage to 50,000 women remittance beneficiaries by 2025 as part of its plan to incorporate more value-added services to its comprehensive remittance services.

In first-of-its-kind insurance benefits to remittance receivers, the bank has partnered with Green Delta Insurance to add insurance perks to its newly introduced TARA Probashi Poribar proposition.

Through this partnership, women receiving foreign remittances will be entitled to complimentary insurance benefits, including life coverage of up to Tk 2 lac, annual health insurance worth up to Tk 50,000, maternity care, and both outpatient (OPD) and inpatient (IPD) medical treatment.

These benefits are built within the TARA Probashi Poribar Account-a purpose-designed solution tailored to the financial needs of women who manage remittance funds at home says a press release