Prime Bank signs payroll banking deal with National Life Insurance

Prime Bank PLC has entered into a payroll banking agreement with National Life Insurance PLC, a provider of multifarious life insurance solutions in Bangladesh, to offer comprehensive payroll banking services.

M Nazeem A Choudhury, deputy managing director of Prime Bank PLC, and Md Kazim Uddin, managing director and chief executive officer of National Life Insurance PLC, signed the agreement at the bank's corporate office in Dhaka recently, according to a press release.

Under the agreement, employees of National Life Insurance PLC will enjoy exclusive payroll banking facilities, including dual-currency debit cards, customised loan and credit card facilities, and a wide range of consumer banking products and services on preferential terms, among others.

They will also have access to PrimePay, the bank's omni-digital platform that enables seamless and automated salary disbursement along with convenient, round-the-clock corporate payment solutions.

Mamur Ahmed, senior executive vice-president and head of the distribution network at the bank; Miah Mohammad Rabiul Hasan, executive vice-president and chief bancassurance officer; and Hasina Fardous, vice-president and head of payroll banking, attended the event.

Probir Chandra Das, deputy managing director and chief financial officer of the life insurer; Md Enamul Hoque, head of the human resources department; and SM Baki Billah, executive vice-president and head of bancassurance, along with other senior officials from both organisations, were also present.