NCC Bank, Meghna Life Ins sign MoU

Business Desk :

NCC Bank PLC and Meghna Life Insurance Company Ltd have recently signed a strategic Memorandum of Understanding (MoU) at the bank’s head office, aimed at ensuring enhanced financial security for home loan customers.

Under this deal, all regular home loan borrowers of NCC Bank will automatically be brought under life insurance coverage provided by Meghna Life Insurance, says a press release. This facility will offer vital financial protection to borrowers and their families by covering the outstanding loan amount in the unfortunate event of the borrower’s accidental death. Md. Zakir Anam, DMD of NCC Bank and Mohammad Tarek, FCA, Additional Managing Director of Meghna Life Insurance signed the agreement, on behalf of their respective organisations.