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Sonali Life Insurance, Nagad sign strategic partnership to expand digital insurance services
Published : Wednesday, 21 October, 2026 at 2:09 PM
Press Release
Sonali Life Insurance PLC and Nagad signed a strategic partnership agreement to expand digital insurance services in Bangladesh and make life insurance more accessible to the general public.
Under the agreement, two digital insurance products of Sonali Life Insurance PLC ‘the Quick Savings Insurance Plan and the Monthly Savings Plan’ will be available to customers through Nagad’s digital platform. The initiative aims to expand access to insurance services, promote cashless transactions and extend financial protection to more people through a convenient digital channel.
The agreement was signed on October 14, 2026, at the head office of Sonali Life Insurance in Dhaka. Md. Rafiqul Islam, additional managing director and acting chief executive officer of Sonali Life Insurance PLC, and Mohummed Shahin Sarwar Bhuiyan, chief commercial officer of Nagad, signed the agreement on behalf of their respective organisations.
Speaking on the occasion, Mohummed Shahin Sarwar Bhuiyan, chief commercial officer of Nagad, said, “This partnership with Sonali Life Insurance will expand customers’ access to life insurance services through digital platforms. Nagad has been focusing on making everyday financial transactions easier for customers while introducing new digital services. We hope this initiative will make it easier for customers to purchase insurance products and further expand access to digital financial services in the country.”
Sheikh Mohammad Daniel, director of Sonali Life Insurance PLC, said, “This strategic partnership with Nagad is an important step towards expanding life insurance services through digital channels. By making our two insurance products available on Nagad’s platform, we aim to reach more customers, raise awareness about insurance and extend financial protection to a broader segment of society.”
Fauzia Kamrun Tania, director of Sonali Life Insurance PLC, said, “This partnership is an initiative to make financial protection more accessible and convenient for people across Bangladesh. By bringing together Sonali Life’s experience in insurance services and Nagad’s extensive digital network, we aim to make life insurance more accessible and relevant to people’s everyday lives.”
Md. Rafiqul Islam, additional managing director and acting chief executive officer of Sonali Life Insurance PLC, said, “Digital transformation is one of our strategic priorities for improving customer service and expanding access to insurance services. Through this partnership with Nagad, customers will have a convenient digital channel to access and purchase our two life insurance products.”
Through this partnership, Sonali Life Insurance PLC and Nagad aim to contribute to a more inclusive and accessible insurance ecosystem in Bangladesh, while raising awareness about life insurance, expanding financial protection and supporting the growth of digital insurance services.
Among others, Md. Manzur Morshed, chief operating officer; Md. Abdul Hannan, chief financial officer; and Hasib Reza, chief information officer (CIO), attended the event on behalf of Sonali Life Insurance PLC. Representing Nagad were Md. Saidur Rahman Dipu, head of business sales; Istiaque Ahmed Shawon, head of bank, FI, insurance & MFI; Tapash Ahmed, lead – insurance & NBFI; and Al Timayat, key account manager.
-AH
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Editor : Iqbal Sobhan Chowdhury
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Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000.
Phone: PABX- 41053001-06; Advertisement: 41053012; 01793317829, 01550707291, E-mail: [email protected], [email protected] Online: email: [email protected] 41053014; 01550707297 Advertisement: 01550707296
