Citibank NA launches life insurance scheme for NRBs in KSA
Citibank NA Bangladesh has launched a new initiative to offer life insurance coverage to Bangladeshi nationals living in Saudi Arabia who remit funds to their beneficiaries in Bangladesh through Citibank NA and SAMBA Financial Group in Saudi Arabia. Under this new initiative, the first of its kind in Bangladesh, remitters will get up to 90 days coverage from the date of remittance and will get coverage for natural death and accidental deaths, says a press release. Beneficiaries in Bangladesh will receive the insurance benefit from the group insurance services provider of Citibank. Commenting on this initiative, Citigroup Country Officer-Bangladesh Mamun Rashid said, "This is in line with Citigroup's global commitment towards innovation and this is the first time that Citigroup has pioneered such initiatives in any country and this initiative would make Citigroup, Bangladesh a role model for other countries to follow."
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