City Bank, PICL signs Bancassurance deal

Business Desk :
City Bank has signed an agreement with Pioneer Insurance Company Limited (PICL) to commence the sale of non-life insurance policies under Bancassurance. The signing ceremony was held at the bank’s head office in the capital rec ently.
Under the deal, City Bank will offer insurance policy to its customer, issued byPioneer Insurance Company Limited under Bancassurance Guideline by Bangladesh Bank & IDRA.
Mashrur Arefin, MD& CEO of City Bank and Syed Shahriyar Ahsan, Chief Executive Officer of Pioneer Insurance Company Limited signed the agreement on behalf of their respective organizations. Sheikh Mohammad Maroof, AMD & Chief Business Officer; Mohammad Mahbubur Rahman, AMD & Chief Financial Officer; Kazi Azizur Rahman, DMD of bank and other senior officials from both sides were present.