Pragati Life Insurance Limited and CARE Bangladesh signed an agreement to jointly introduce a micro life and health insurance for the rural households.
Md Jalalul Azim, CEO of the Pragati Life Insurance Limited and Zia Choudhury, Country Director of CARE Bangladesh signed the deal on behalf of their respective organisation, in a simple ceremony held at CARE BD Headquarter recently, according to a press release received Monday.
Through this agreement, Pragati Life Insurance will provide Group Insurance coverage through a micro-insurance pilot project under the Alternative Distribution Channel (ADC) initiatives, for the households involved with the Shomoshti Project of CARE Bangladesh spread in 43 unions of 10 districts in four divisions of the country i.e. Sylhet, Rangpur, Rajshahi and Khulna.
S M Ziaul Hoque, General Manager, Operations & Head of ADC of Pragati Life and Anowarul Haq, Director ERPP and Md Gias Uddin Talukder, Senior Team Leader of CARE Bangladesh were present at the signing ceremony.
