Dhaka, March 14 -- BRAC Bank on Thursday launched its bancassurance service, enabling customers to access insurance products directly through the bank.

This offering covers both life and non-life insurance and is available at all branches nationwide.

Mohammad Jainul Bari, Chairman of the Insurance Development and Regulatory Authority (IDRA), was the chief guest at the launching ceremony.

Speaking at the occasion, Mohammad Jainul Bari said it is frustrating that insurance penetration is very low in the country.

Lack of awareness is the key reason for not expanding insurance and not being welcomed among people," he said.

He expressed hope that huge network of banks will help expand insurance.

Nurun Nahar, Deputy Governor of Bangladesh...