Pragati Insurance Settles First Car Insurance Claim Under MDBPLC Bancassurance Partnership

Pragati Insurance Limited, in collaboration with Midland Bank PLC, has successfully settled its first non-life motor car insurance claim under their bancassurance partnership, according to a recent press release.

To mark the occasion, a ceremony was held at Midland Bank’s Gulshan branch, where Mohammad Kutubuddin, the customer, was presented with a cheque as part of the claim settlement.

Key Attendees

The event was attended by several notable figures, including:

Md Rashed Akter, Head of Retail Distribution Division and Chief Bancassurance Officer at Midland Bank PLC

Md Manjur Hussain, Head of Bancassurance and Branch Control Department at Pragati Insurance Limited

Khondoker Imran Hossain, Bancassurance Manager at Midland Bank

Rajib Dev, Customer Service Manager of the Gulshan Branch, and other team members from Midland Bank PLC

Strengthening the Partnership

The successful settlement highlights the ongoing commitment between Midland Bank PLC and Pragati Insurance Limited to enhance customer trust in Bangladesh’s insurance sector. The two institutions aim to make bancassurance services more accessible, transparent, and customer-focused, with this collaboration serving as a step towards broadening the availability of comprehensive insurance solutions for customers across the country.