Insurance deal with MFI

Pragati Life Insurance Limited, Pragati Insurance Limited, INAFI Bangladesh and MFI organisation Ghasful and NDP signed an agreement jointly to introduce an innovative micro-insurance pilot project under the Business Finance for the Poor in Bangladesh (BFP-B) Programme funded by the DFID Challenge Fund, says a press statement.

This financial inclusion programme will ensure insurance protection through providing the life, liability and the asset insurance coverage for the borrowers of the micro and small entrepreneurs (MSE) in Bangladesh.

The agreement was signed by M Jalalul Azim, Managing Director and CEO of Pragati Life Insurance Limited, and Aftabur Rahman Jafree, Chief Executive Director of Ghashful, in a simple ceremony at the board room of Pragati Life Insurance Ltd.

Md Rezaul Karim, Managing Director and CEO of Pragati Insurance Limited, Md Atiqun Nabi, Executive Director, INAFI Bangladesh, Rashedul Hossain, Country Manager, MicroEnsure Bangladesh, Md Arafat Hossain, Challenge Fund Manager, BFP-B, and SM Ziaul Hoque, General Manager and Project Director (BFP-B) of Pragati Life, attended the ceremony.