National life insurance premium can now be paid through Nagad

Officials from Nagad and the National Life Insurance Company Limited pose for a photo after recently signing an agreement at the insurance company’s headquarters in Dhaka. – Photo press release.

Nagad mobile financial service customers can now pay National Life Insurance Company Limited policy fees while staying at home.

Now, Nagad users can easily pay monthly, quarterly and annual premiums using their Nagad account, a press release said Monday.

An agreement was recently signed between the two organizations in this regard at the head office of The National Life Insurance Company Limited.

Nagad’s Commercial Director, Sheikh Aminur Rahman, Head of Payments Department Mohammad Mahbub Sobhan, and Deputy General Manager – FI and Insurance, Business Sales MD Bayezid, attended on behalf of Nagad.

In addition, Company Managing Director MD Kazim Uddin, Additional Managing Director Khasru Chowdhury, CFO Prabir Chandra Das of CA, Senior Executive Vice President (HRD and Sales Promotion) Md Enamul Haque, Vice President Senior Executive (Finance and Accounts) Mohammad Nomanul Mehedi Khan, SVP IT AMM Moeez Uddin were present, among others, on behalf of National Life Insurance Limited, the press release said.

As part of the partnership between the mobile financial service of the Nagad Postal Department and the country’s leading national life insurance company, customers will be able to pay their insurance premiums while staying at home, saving them time and additional travel costs.

Nagad mobile financial service customers can pay National Life Insurance Company Limited premium policy fees using the app or by dialing USSD (*167#) from their account. These include monthly, quarterly and annual policy fees.

Additionally, customers can also use Nagad to pay premiums for Individual Insurance, Takaful Insurance, Public Insurance and NPDI policies of National Life Insurance Company Limited.

Commenting on the partnership between National Life Insurance Limited and the country’s leading mobile financial service, Nagad, Sheikh Aminur Rahman, Chief Commercial Officer of Nagad, said, “We expect this partnership with National Life Insurance to significantly benefit our consumers.

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