Nagad, the mobile financial service of Bangladesh Post Office, has tied hand with the Jiban Bima Corporation, state-run life insurance provider of Bangladesh, to facilitate the insurance premium payment for the customers.
From now on, Nagad users can pay the insurance premium of Jiban Bima Corporation from their account sitting anywhere, anytime, which will eliminate the need to visit any physical location and can save time, money and effort.
The partnership is essentially more valid since cashless transection is beneficial during the ongoing pandemic.
Nagad and Jiban Bima Corporation has signed a deal in this regard Tuesday at Jiban Bima Head Office in the capital where the insurance company Chairman Md. Maksudul Hasan Khan was the chief guest and Managing Director of the insurance company Md Zahurul Haque also present.
Nagad Chief Executive Officer Rahel Ahmed and Jiban Bima Corporation General Manager (Finance and Accounts) Sheikh Kamal Hossain signed the agreement for their respective organizations.
Nagad CEO Rahel Ahmed said, “Nagad was started two years ago as the part of the Digital Bangladesh revolution of the Honorable Prime Minister Sheikh Hasian. We are very happy today with this collaboration with one of the pioneer insurance company of the country and now our users can pay their premium anytime effortlessly.”
He said, “Although the mobile financial service of the country started about a decade back, but with innovative solution Nagad has acquired more than 5 crore customers within such a short time along with daily transection of Tk 700 crore. With the revolutionary solution like digital KYC we have reduced the registration hassle which helped the financial inclusion in the country.”
Jiban Bima Corporation Managing Director, Md Zahurul Haque, has marked this collaboration with a state-run mobile financial service as a milestone and said, “We hope majority of our premium collection of Tk 700 crore comes through Nagad. As we both are state-run organization, it will ultimately help the government and the people.”
Stressing on more digital innovation like Nagad, Jiban Bima Corporation Chairman Md. Maksudul Hasan Khan said, “Such innovation proves that we have already passing the Digital Bangladesh era which was a government vision. Now more innovation should come and such collaboration should get more publicity.”
Nagad’s Chief Marketing Officer Sheikh Aminur Rahman, Chief Sales Officer Md Shihab Uddin Chowdhury, Jiban Bima Corporation General Manager (Development and ICT) were present in the occasion among others.
Earlier, Nagad has joined hands with MetLife insurance for premium payment channel and currently so far the state owned mobile financial service also has partnership with 27 insurance companies for collecting their premiums through Nagad.