Guardian Life Insurance Limited signed an agreement with WeGro Global recently, aiming to boost financial security for farmers and their families. Guardian Life Insurance Limited, one of the country's leading insurance service providers, has partnered with agri-tech platform WeGro Global, aiming to strengthen financial security for farmers and their families.
Through this strategic collaboration, Guardian Life will provide Credit Shield Insurance coverage to farmers financed by WeGro, thereby protecting the future of their families and ensuring the fulfillment of outstanding loan obligations in the event of unforeseen circumstances.
The agreement between the two organizations was signed recently at an event held at Guardian's head office in Dhaka, where Sheikh Rakibul Karim, Additional Managing Director and Acting Chief Executive Officer of Guardian Life, and Faiyaz Safir, Chief Operations Officer of WeGro Global, represented their respective companies.
In Bangladesh, a large portion of the country's farmers are marginal and resource-constrained producers who lack financial protection against the uncertainties of their livelihoods. To bridge this gap, the partnership between Guardian and WeGro aims to empower farmers with innovative financial solutions, reducing risks and safeguarding their means of living.
Sheikh Rakibul Karim said, "This collaboration signifies a groundbreaking step in both the insurance and agriculture industries. The agriculture sector plays a crucial role in sustaining our economy, with farmers at the center of its operation. Both Guardian and WeGro share the responsibility of ensuring that our farmers are empowered with financial protection."
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