Dhaka Bank, MetLife sign deal for employees’ insurance coverage

Dhaka Bank PLC has signed an agreement with MetLife Bangladesh to provide its employees with comprehensive life insurance coverage.

This partnership will ensure that more than 1,980 employees of the bank are protected against critical illnesses, accidents, disabilities, and loss of life.

Sheikh Mohammad Maroof, managing director of the bank, and Ala Ahmad, chief executive officer of the life insurer, signed the agreement at the bank's head office in Dhaka recently, according to a press release.

"By providing MetLife's insurance to our employees and their families, we are demonstrating our commitment to the people who passionately contribute to the success of our organisation," said Maroof.

"We would like to congratulate Dhaka Bank for prioritising employee well-being. MetLife remains committed to supporting organisations in creating a secure and resilient future," said Ahmad.

Insurance coverage for employees plays a critical role in fostering a sense of security and loyalty among the workforce. It mitigates financial burdens during crises and underscores an organisation's dedication to the well-being of its team.

Dhaka Bank selected MetLife as its insurance provider due to the latter's consistent track record in claims settlement, customised solutions, advanced dashboard, cashless outpatient and ambulance services, and financial strength, which enables faster and hassle-free claim payments.

Md Mostaque Ahmed, Sheikh Abdul Bakir, and AMM Moyen Uddin, deputy managing directors of the bank, along with Jafar Sadeque Chowdhury, additional managing director and chief distribution officer of MetLife; Ala Uddin, deputy managing director and chief financial officer; Mohammad Kamruzzaman, director and head of employee benefits; Monirul Islam, assistant director of employee benefits; and SM Shahriaz Arafat, manager, were also present.