Southeast Bank signs deal with MetLife for group insurance

Southeast Bank PLC recently signed an agreement with MetLife Bangladesh to provide comprehensive group insurance coverage for its employees and their dependents.

Nuruddin Md Sadeque Hossain, managing director of the bank, and Ala Ahmad, chief executive officer of the life insurer, signed the deal at the bank's head office in the capital's Banglamotor, according to a press release.

Hossain stated that the long-anticipated group insurance facility will ensure affordable, quality treatment for employees and their dependents, protect against unexpected medical costs, and provide financial security and peace of mind.

As part of the bank's 30th anniversary celebrations in 2025, with the motto "A Journey of Maturity, Stability, and Consolidation," the insurance will inspire employees to work with greater devotion, contributing to the bank's continued success, he added.

Ahmad said, "By providing insurance coverage to employees and their family members, Southeast Bank has added another significant milestone to its successful journey of 30 years."

The coverage includes a "Group Life Insurance" facility for 3,100 permanent employees and sub-staff of the bank, covering natural death, permanent total disability, permanent partial disability, and double the coverage amount in the case of accidental death.

Abidur Rahman Chowdhury and Masum Uddin Khan, deputy managing directors of the bank, and Jafar Sadeque Chowdhury, additional managing director and chief distribution officer; Ala Uddin, deputy managing director and chief financial officer of the insurer, along with senior officials from both organisations, were also present.