Pragati Life, Brac UPG Programme sign MoU

Pragati Life Insurance Ltd and the Ultra-Poor Graduation Programme (UPG) of Brac recently signed a memorandum of understanding (MoU) to jointly introduce a life and health insurance product for ultra-poor households.

Md Jalalul Azim, chief executive officer of the life insurer, and Palash K Das, director of the UPG Programme of Brac, inked the MoU at Brac Centre in Dhaka, said a press release.

Under this MoU, the life insurer will provide life and health insurance coverage through a micro-insurance pilot project under the Alternative Distribution Channel (ADC) initiatives for the households involved in the UPG Programme of Brac.

Sajadul Haque, head of alternative distribution channel of Pragati Life Insurance, and Md Shahid Ullah, head of operations of the UPG Programme of Brac, along with other officials of both the organisations were present.