Pragati Life Insurance PLC has signed a group insurance agreement with Shahjalal Islami Bank PLC.

MJ Azim, managing director and CEO of the life insurer, and Mosleh Uddin Ahmed, managing director and CEO of the bank, penned the deal at the former's head office in the capital recently, the insurer said in a press release.

Under the agreement, Pragati Life will provide group insurance coverage to the bank's employees.

Md Rafiqul Alam Bhuiyan, additional managing director (group insurance) of the insurer, and Mir Md Shafiul Alam Kamol, executive vice-president, were present.

Among others, SM Mainuddin Chowdhury and M Akhter Hossain, additional managing directors of the bank, Md Jafar Sadeq, senior executive vice-president and chief financial officer, and AKM Hasan Rahim, senior vice-president and head of human resources division, were also present.