Guardian Life partners with upay to offer affordable insurance solutions

Guardian Life Insurance Limited (Guardian) has signed an agreement with upay, the digital financial service brand of UCB Fintech Company Limited, to introduce affordable and accessible insurance and healthcare solutions for upay customers.

The initiative primarily targets readymade garment (RMG) workers, along with agents, DSOs and distributors across the upay ecosystem, many of whom have limited access to formal financial protection services.

Sheikh Rakibul Karim, chief executive officer of the life insurer, and Sajjad Alam, head of corporate sales at the digital financial service provider, signed the agreement in Dhaka recently, according to a press release. Karim said the partnership would help expand access to practical and affordable insurance solutions tailored to people’s everyday needs.

Under the collaboration, Guardian will offer a bundled protection package that includes life, disability and health insurance coverage. Customers will also have access to essential healthcare services such as 24-hour telemedicine consultations, hospital discounts and accidental hospitalisation benefits.

The solution has been designed to be simple and easily accessible through upay’s digital platform.

Abdul Halim, executive vice-president and head of micro insurance, digital channel and alternative delivery channels at the life insurer; Md Naushadul Karim Chowdhury, vice-president; Md Shahariar Jamil Abir, business development manager; and Al-Amin, deputy manager, attended the event.

Md Nuruzzaman Tuhin, general manager of corporate sales at upay; Avhijeet Goup Topu, key account manager; and Imran Hassan Rimon, key account manager of merchant business, were also present.