Press Release

NCC Bank PLC and Meghna Life Insurance Company Ltd. have recently signed a strategic Memorandum of Understanding (MoU) at the bank’s Head Office, aimed at ensuring enhanced financial security for home loan customers.

NCC Bank and Meghna Life Insurance Sign Strategic MoU on Home Loan Insurance Coverage

NCC Bank PLC and Meghna Life Insurance Company Ltd. have recently signed a strategic Memorandum of Understanding (MoU) at the bank’s Head Office, aimed at ensuring enhanced financial security for home loan customers. Under this agreement, all regular home loan borrowers of NCC Bank will automatically be brought under life insurance coverage provided by Meghna Life Insurance. This facility will offer vital financial protection to borrowers and their families by covering the outstanding loan amount in the unfortunate event of the borrower’s accidental death.

In presence of M. Shamsul Arefin, Managing Director of NCC Bank and Nasir Uddin Ahmed, Vice- Chairman of Meghna Life Insurance, Md. Zakir Anam, Deputy Managing Director of NCC Bank and Mohammad Tarek, FCA, Additional Managing Director of Meghna Life Insurance signed the agreement, on behalf of their respective organizations. Notable attendees included: Sharif Mohammad Mahsin, SVP & Head of SME; Shahin Akter Nuha, Head of Transaction Banking & Cash Management; S. M. Tanvir Hasan, Head of Retail Banking, Mohammad Aminul Islam, Head of Cards of NCC Bank and Md. Jaynal Abedin Bhuiyan, Consultant & Head of Marketing & Md. Kamruzzaman, VP Group Insurance Department of Meghna Life Insurance along with senior officials of both the organization.

Speaking on the occasion, M. Shamsul Arefin, Managing Director of NCC Bank, said the initiative is designed to provide comprehensive financial security for home loan customers and crucial protection for their families. He described the MoU as a strategic step toward risk mitigation through closer collaboration between the banking and insurance sectors. “This innovative and welfare-oriented initiative will relieve families of financial burdens in difficult times while strengthening customer confidence in NCC Bank’s services,” Arefin added.