 | Jiban Bima signs deal with Banglalink
15 May, 2011
Jiban Bima Corporation (JBC), the lone state-owned life insurance company, yesterday inked a deal with mobile operator Banglalink to give online premium payment services to its policyholders through cell phones.
As per the agreement, the JBC policyholders can also give the premium by over 15,000 service points of the cell phone operator.
Parikshit Datta Choudhury, managing director of JBC, and Asher Yaqub Khan, chief commercial officer of Banglalink, signed the agreement on behalf of the respective organisations at the JBC's 39th founding anniversary at the Institute of Diploma Engineers in Dhaka.
Choudhury said, “JBC is one of the profitable enterprises and it has no debt against asset. Meanwhile, the life fund of the corporation has shot up to around Tk 1,291 crore, the highest in industry. The amount was only Tk 21.3 crore in 1973.
He said life insurance business has immense potential to grow. Nearly 5 percent people in the country have life insurance policy. So, there is a huge untapped market, he added.
Mohammed Sohrab Uddin, chairman of JBC, stressed the need for strengthening the regulatory mechanism to prevent the ill practices of some private insurance companies.
Currently, the JBC is providing online policy information. Under this service, the policyholders will get the policy information, bonus information, paid-up information and payment history.
Release link:http://www.thedailystar.net/newDesign/news-details.php?nid=185700
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