Under the MoU, Alico will provide life insurance facility for the Debit cardholders of Standard Chartered Bank, says a press release.

The Debit card will substitute ATM card and enable the customers to access to their deposit accounts from ATMs and the bank's card merchants.

Muklesur Rahman, head (Wealth Management) of the bank, and Rumi Ahmad, deputy director (Business Development) of Alico, signed the MoU on behalf of their organisations.