MetLife Bangladesh and Visa have formalised an agreement to provide comprehensive insurance benefits to Visa’s employees in Bangladesh and their dependent family members. Under this partnership, employees will receive financial protection against accidents, disability, and death, while their dependents will gain access to in-patient, out-patient, and maternity insurance coverage.
The agreement was signed on behalf of the organisations by Sabbir Ahmed, Country Manager for Visa Bangladesh, Nepal, and Bhutan, and Ala Ahmed, Chief Executive Officer of MetLife Bangladesh. The initiative is expected to strengthen employee confidence, security, and loyalty.
Significance of Insurance for Employee Wellbeing
A recent survey conducted under the Employment Benefit Trends Study (EBITS) highlighted the importance of such benefits:
-
56% of employees reported that financial concerns reduce their productivity.
-
41% associated financial stress with mental health challenges.
-
78% indicated that wellness benefits, including insurance and mental health support, enhance their loyalty to employers.
Sabbir Ahmed remarked, “As a leading digital payments provider, our workforce is our greatest asset. Comprehensive insurance coverage ensures they and their families are protected from life’s uncertainties. This not only strengthens their focus and confidence at work but also encourages innovation and engagement.”
MetLife’s Expertise
Visa chose MetLife for its:
-
Proven track record in claims settlement,
-
Customised insurance solutions,
-
Advanced digital dashboards,
-
Cashless out-patient and ambulance services,
-
Rapid, hassle-free claims payments.
Ala Ahmed, CEO of MetLife Bangladesh, stated, “We prioritise helping organisations create safe and supportive workplaces. Our partnership with Visa reflects our shared commitment to delivering robust and integrated insurance solutions for employee wellbeing.”
Organisational Reach and Recognition
| Parameter | Details |
|---|---|
| Employee Coverage | Accident, disability, death |
| Dependent Coverage | In-patient, out-patient, maternity |
| Digital Services | Advanced dashboards, cashless claims, ambulance service |
| Institutions Covered | Over 900 organisations in Bangladesh |
| Individual Beneficiaries | Approximately 1 million |
| Awards | IDRA Insurance Excellence Award 2025 |
Visa operates as a leading global digital payments network, connecting individuals and businesses to the global economy across more than 200 countries and territories. MetLife Bangladesh, recognised for excellence in business operations, service quality, governance, claims management, and regulatory compliance, currently safeguards over 1 million individuals and nearly 900 corporate entities. The company recently received the IDRA Insurance Excellence Award 2025, cementing its position as a trusted insurance provider.
This partnership is set to ensure financial security, mental wellbeing, and enhanced loyalty among Visa employees while reinforcing the company’s commitment to employee-centred workplace policies and sustainable development initiatives.