Community Bank and Sandhani Life Sign Bank Assurance Agreement

In a landmark development aimed at expanding access to insurance services nationwide, Community Bank Bangladesh PLC and Sandhani Life Insurance Company Limited have formally entered into a bancassurance partnership. The agreement is designed to make Sandhani Life’s insurance products accessible through Community Bank’s extensive distribution network, providing customers with a seamless blend of banking and insurance solutions.

The signing ceremony took place recently at Community Bank’s head office, with Kimiwa Saddat, Managing Director (current charge) of Community Bank, and Nemai Kumar Saha, Chief Executive Officer of Sandhani Life, officially endorsing the partnership.

The new arrangement is expected to significantly enhance insurance awareness among customers, support financial risk management, and contribute to sustainable economic growth in Bangladesh. By leveraging the combined strengths of both institutions, the partnership aims to offer tailored insurance solutions that meet diverse customer needs, ranging from individual life insurance policies to broader family and business coverage.

A host of senior officials attended the ceremony to witness the agreement, reflecting the strategic importance of the collaboration. Representatives included:

Speaking at the event, Kimiwa Saddat highlighted that the partnership would provide Community Bank customers with convenient access to a variety of life insurance products, while simultaneously strengthening the bank’s service portfolio. Nemai Kumar Saha emphasised that bancassurance would not only enhance customer financial security but also foster long-term financial literacy and stability across the nation.

This collaboration underscores a growing trend in Bangladesh’s financial sector, where banks and insurance companies increasingly join forces to provide integrated solutions, combining banking convenience with comprehensive insurance coverage. The partnership is expected to roll out gradually across all Community Bank branches, ensuring that urban and rural clients alike can benefit from the innovative bancassurance model.