STAR BUSINESS DESK

Nagad Limited has signed an agreement with the Bangladesh Post Office to enable digital premium payments for Postal Life Insurance (PLI), allowing policyholders to pay premiums without visiting post offices or standing in long queues.

Md Abdul Hannan, additional general manager for Dhaka East Zone of the Bangladesh Post Office; Pradip Kumar, additional general manager for Rangpur West Zone; and Md Samsul Islam, chief corporate affairs officer of Nagad Limited, signed the agreement in Dhaka recently, according to a press release.

Under the agreement, premiums for all types of Postal Life Insurance policies, including Whole Life Insurance, Endowment Insurance, Fixed Term Insurance, and Education and Marriage Endowment Insurance, can now be paid through Nagad.

Kazi Asadul Islam, director general of the Directorate of Posts, said Postal Life Insurance is a trusted financial security service for people across the country.

“We are continuously working to make this service more modern and people-friendly,” he said.