City Bank on Tuesday signed an agreement with Pioneer Insurance Company Limited to commence the sale of non-life insurance policies under Bancassurance, said a press release.

The signing ceremony was held at City Bank head office. City Bank will offer insurance policy to its customer, issued by Pioneer Insurance Company Limited under Bancassurance Guideline by Bangladesh Bank and IDRA.

Mashrur Arefin, managing director and chief executive officer of City Bank and Syed Shahriyar Ahsan, CEO of Pioneer Insurance Company Limited signed the agreement on behalf of their respective organizations.

Sheikh Mohammad Maroof, AMD and chief business officer, Mohammad Mahbubur Rahman, AMD and chief financial officer, Kazi Azizur Rahman, DMD and chief information officer, Ashanur Rahman, chief economist and country business manager, Nurullah Chaudhury, DMD and head of corporate banking, Arup Haider, head of retail banking, Nishat Anwar, head of human resources and Subir Kumar Kundu, Chief Bancassurance Officer from City Bank and SM Mizanur Rahman, deputy managing director and company secretary, SM Jasim Uddin, deputy managing director, Ruhie Das Karmaker, assistant managing director, M Nazib Iqbal, executive vice president of Pioneer Insurance Company Limited and other high officials of both organizations were present at the signing ceremony.