Guardian Life product for clients of Brac microfinance

Brac recently signed an agreement with Guardian Life Insurance to introduce a "Chhaya– Savings Shield Insurance", a monthly scheme for microfinance clients providing full maturity value to the nominee upon the demise of the depositor.  

Sheikh Rakibul Karim, the insurer's chief executive officer, and Tushar Bhowmik, chief financial officer of the non-governmental organisation, signed the agreement at Brac Centre Inn, said a press release.

Arinjoy Dhar, senior director of Brac microfinance, and Abdul Halim, head of microinsurance of the insurer, were present.