MetLife Bangladesh has enabled the insurance industry's first paperless agent recruitment process through its dedicated platform MetLife Agent Recruitment Solution.  Through the end-to-end digital and paperless agent recruitment process, candidates can apply online, complete their training, and digitally sign their contracts to start their careers as MetLife's insurance agents. Read Top Insurance Companies in Bangladesh in 2021 This fast and convenient process does not require the candidates to visit MetLife offices physically to submit their papers.  Once onboarded, the new agents can get the required mentorship through experienced agents and start reaching out to customers through MetLife's digital sales tools.  Also read: MetLife Bangladesh gets new General Manager MetLife Bangladesh Chief Executive Officer Ala Ahmad said: "During this Covid-19 crisis, more people are becoming interested in alternative career options. Also, having the ability to operate virtually is now a core requirement for any people-focused organisation." MetLife serves over 1 million customers in Bangladesh with more than 17,000 agents, read a press release. Also read: MetLife launches ‘3-hr COVID-19 claim decision’ service

Agricultural and food processing company Pran Agro has completed the transaction of Tk2,100 million non-convertible and redeemable bond with a 100% on-demand credit guarantee from GuarantCo and full subscription from MetLife Bangladesh on May 19. GuarantCo is rated AA- by Fitch and A1 by Moody's. MetLife Bangladesh is the sole investor of the bond. The subscription will further diversify MetLife's investment portfolio in Bangladesh. The 7-year fixed coupon bond is the first-ever instrument of its kind in Bangladesh and is expected to play a transformational role in supporting alternate sources of infrastructure financing in Bangladesh.  READ: Pran Drinking Water gives food to the needy in Ramadan Pran Agro is working with 100,000 registered contract farmers. The bond proceeds will be used to develop critical infrastructure in the agricultural supply chain and support the company's expansion plans in the local and export markets. The bond is backed by an on-demand guarantee by GuarantCo, part of the Private Infrastructure Development Group, and funded by the governments of the UK, Switzerland, Australia, Sweden, the Netherlands, and France. READ: PRAN-RFL donates safety equipment to health workers Green Delta Company Limited acted as the bond trustee and security agent to the issue. Riverstone Capital Limited, an independent merchant bank based in Bangladesh, acted as financial advisor to Pran Agro and arranger to the issue.

MetLife Bangladesh, a leader of life insurance company has launched a unique initiative, 3-hour claim decision service for COVID-19 death claims with coverage up to Tk 20 lakh. With this fast track service, along with receiving the claim decision in 3 hours, beneficiaries of deceased policyholders will also receive the claim amount in 3 working days through Electronic Fund Transfer (EFT). Also read: MetLife Bangladesh gets new General Manager At this stage, the service is applicable for only individual policies, said a press release.  This 3-Hour Claims Decision service can be availed by sending an email to  [email protected] with a simple set of documents. Beneficiaries will receive SMS notifications on the progress of their claim requests. More information will be available at its webpage: https://www.metlife.com.bd/three-hour-claims0/ Read IBBL gets insurance claims for deceased employees

MetLife, one of the world’s leading financial services companies, has announced the appointment of Muhammad Ala Uddin Ahmad as General Manager of its Bangladesh business.