Bangladesh permits bancassurance

On 1 March 2024, the prime minister formally launched bancassurance in Bangladesh, permitting banks to sell life insurance in the country. Several life insurers and banks have already commenced sales of bancassurance, with others in the process of finalizing their plans.
This e-alert:

• Gives a short background on the new market
• Summarises the key contours of the bancassurance model 
• Discusses the possible impact on the life insurance sector