Prime Bank Limited and Pragati Life Insurance Limited have settled insurance coverage claim of nominee of a deposit scheme. Prime Bank Limited and Pragati Life Insurance Limited have promptly settled insurance coverage claim of nominee of a deposit scheme.
Prime Bank offers one of the industry's most lucrative deposit scheme titled 'Prime Millionaire' Deposit Scheme with full insurance coverage. As per terms of the deposit scheme, in case of death or any permanent disability of the customer, the nominee of the scheme would receive the full amount payable at maturity. Pragati Life Insurance, a renowned life insurance company of the country, acts as the insurance coverage provider of the deposit scheme, said a statement.
As Md. Abdul Ahad, the valued customer of the deposit scheme, unfortunately succumbed to COVID-19, the bank immediately arranged to pay off the full amount at maturity to the nominee.
Muhammed Misbah Ahmed, Head of Branch of Prime Bank's Sreemangal Branch, and Salauddin Akbar, General Manager of Pragati Life Insurance Limited, Sylhet Zone, jointly handed over a cheque for BDT 10 lakh to nominee Jomila Khatun.
As a reputed corporate organization, Prime Bank always remains committed to customer promise and stand beside them at challenging times.
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