DHAKA: Life Insurance Corporation (LIC) of Bangladesh started its operation in the country on Tuesday (October 18).

The corporation started as a joint-venture company with Strategic Equity Management Ltd., and Mutual Trust Bank of Bangladesh, said a press release.

According to the release, the corporation has a vision to expand its life insurance business throughout this country by giving best of the service to its customers as it has been doing in other parts of world where it has its presence particularly in Asia.

The corporation has introduced five insurance plans in this country which are very attractive and beneficial for everyone. It plans to bring in more insurance products with attractive features in the near future.

IDRA members Kuddus Khan and Sultan-ul-abedin Mollah discussed the nitty-gritty of life insurance, the release added.

The inaugural function was held at Hotel Radisson Blue, Dhaka. IDRA Bangladesh chairman M Shefaq Ahmed was present as chief guest. LIC India chairman VK Sharma, Deputy High Commissioner of Indian High Commission Dr Adarsh Swaika, RAB director general Benazir Ahmed, Apex Group chairman Manzur Elahi and other top officials of financial institutions of Bangladesh were also present at the ceremony.

BDST: 1938 HRS, OCT 18, 2016
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