The American International University-Bangladesh (AIUB) has recently entered into a group insurance agreement with the Protective Islami Life Insurance, aimed at extending structured health and life insurance benefits to members of the university community. The agreement is designed to enhance access to healthcare-related financial support for eligible policyholders within the institution.
Under the terms of the agreement, policyholders associated with AIUB will be entitled to a range of insurance and healthcare-related benefits provided by Protective Islami Life Insurance. These include hospital cashback facilities, discounts on diagnostic tests, as well as life insurance coverage and accident insurance protection. The initiative is intended to provide financial security alongside more affordable access to selected healthcare services.
The coverage is expected to benefit a broad section of the university community, including students, academic staff, and administrative personnel. By integrating insurance services within the institutional framework, the agreement seeks to support members in managing healthcare costs and mitigating financial risks arising from illness or accidents.
The signing ceremony was attended by senior representatives from both organisations. From AIUB, participants included Professor Dr Tajul Islam, Professor Dr Md Abdur Rahman, and Md Khondaker Sabbir Kabir. Representatives from Protective Islami Life Insurance included Dr Kishore Biswas and Md Shahidul Islam, along with other senior officials from both sides.
The agreement reflects a growing trend of collaboration between educational institutions and insurance providers in Bangladesh, aimed at improving welfare support systems within academic environments. Such partnerships typically focus on reducing the financial burden of healthcare expenses while ensuring structured insurance coverage for institutional members.
Summary of Agreement
| Category | Details |
|---|---|
| Institutions involved | AIUB and Protective Islami Life Insurance |
| Coverage types | Hospital cashback, diagnostic discounts, life insurance, accident insurance |
| Beneficiaries | Students, faculty members, administrative staff |
| Purpose | Financial protection and improved access to healthcare services |
| Event | Official signing ceremony with senior officials from both organisations |
The agreement formalises cooperation between the two institutions and establishes a framework through which insurance-related services will be delivered to the AIUB community.