Bank Asia, Nat'l Life sign deal for credit card insurance coverage
Bank Asia Ltd recently signed an agreement with National Life Insurance Ltd for providing SafetyNet service for its clients having credit cards, says a press release. Syed Anisul Huq, president and managing director of the bank, and Habibur Rahman Sikder, managing director of the insurance company, signed the deal on behalf of their sides. Under the agreement, MasterCard brand credit card holders of Bank Asia will be insured to their outstanding amounts subject to permanent disability and death. Bank Asia has recently launched a broad range of products and services in the retail banking sector including the MasterCard brand credit card. Its delivery channels encompass 24-branch network, shared and proprietary ATM (automated teller machine), mobile phone banking and internet banking. Erfanuddin Ahmed, deputy managing director, and Nazneen Sultana, first vice president of Bank Asia, and Quamrul Hasan, deputy managing director of National Life Insurance, were also present at the signing ceremony.
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