EBL, Shanta Life launches Bancassurance products and services
Eastern Bank PLC (EBL) and Shanta Life Insurance PLC have jointly launched bancassurance products and services, enabling customers to access life insurance solutions directly through banking channels.
The service was officially inaugurated at a ceremony held at EBL’s head office in Dhaka on Thursday, marking a significant collaboration between the banking and insurance sectors in Bangladesh. The initiative is expected to support broader financial inclusion by making insurance products more accessible to bank customers.
The bancassurance offering aims to provide convenient access to financial protection and long-term security, while strengthening the delivery of integrated financial services.
By combining EBL’s banking platform with Shanta Life Insurance’s expertise in life insurance, the partnership seeks to enhance financial planning options for individuals and families.
As one of the leading private commercial banks in Bangladesh, EBL continues to diversify its financial services to better serve its growing customer base.
Shanta Life Insurance, a concern of the Shanta Group, focuses on delivering reliable and innovative life insurance solutions tailored to evolving customer needs.
Among those present at the launch ceremony were Managing Director of EBL Ali Reza Iftekhar, DMD and Head of Retail and SME Banking M KhorshedAnowar, Chief Information and Technology Officer ZahidulHaque, Head of Liability and Wealth Management SarminAtik, and Head of Bancassurance and Student Banking MdRaquib.
Representing Shanta Life Insurance were Directors Arif Khan and M AnisulHaque, Chief Executive Officer NafisAkhter Ahmed, DMD and Chief Business Officer KhurshedKaisar, among others.
