A memorandum of understanding (MoU) has been signed between Guardian Life Insurance Limited (GLIL) and SBAC Bank Limited at the Head Office of SBAC Bank, Motiiheel, Dhaka. Under this agreement, all the DPS account holders of SBAC Bank Limited will be covered by Credit Shield insurance from Guardian Life Insurance Limited.
M M Monirul Alam, Managing Director & CEO, Guardian Life Insurance Limited and Mostafa Jalal Uddin Ahmed, Additional Managing Director, SABC Bank Limited signed the agreement on behalf of their respective organizations. Mohammad Shazzadul Karim, Deputy Managing Director, Ahmed Istiaque Mahmud, Head of Bancassurance& other senior Executives from Guardian Life Insurance Limited and Abu Bayazid SK, Senior Vice President & Head of BOD, Md. Abdul Mannan, Vice President& Head of Credit & other Senior Executives from SBAC Bank Limited were also present at the occasion.