STAR BUSINESS DESK

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.