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Friday, 28 October 2011
IDLC signs deal with MetLife
Selim R.F. Hussain, CEO & Managing Director of IDLC Finance Limited and Syed Hammadul Karim, Sub-Regional COO of MetLife Alico, MEASA - East, recently signed an agreement on behalf of their respective companies to provide life insurance coverage to IDLC home loan customers. Under this arrangement, MetLife Alico Bangladesh, the largest life insurance company in the country, will assure payment of outstanding principal loan of IDLC's home loan customers, in the event of the borrower's death or permanent total disability, and thus protect their family members from the burden of loan repayment. IDLC is the largest multi-product non-bank financial institution in the country and one of the premier home loan providers to individual customers. H.M. Ziaul H. Khan, CFO and Irteza A. Khan, Head of Personal Finance Division of IDLC and Mahmud Alam, Corporate Solutions Manager and Muhammad Asif Shams, Sales Manager were present.
- FE Report