Guardian Life Insurance Limited has announced a historic milestone by becoming the first and only fully cashless insurance company in Bangladesh, officially eliminating all forms of cash transactions with customers.
Under this new policy, 100% of premium collections and claim settlements will be conducted through digital payment channels. Customers can now pay their premiums via mobile financial services (MFS) or bank transfers, while all claim disbursements will be made directly to their bank accounts.
This digital transformation ensures greater transparency, accountability, and financial security for both customers and the company. Policyholders can now manage everything—from premium payments to tracking claim status—conveniently and securely from home.
Guardian Life stated that the initiative marks not only a technological upgrade but also a significant leap toward building customer trust and service innovation, setting a new benchmark for digital insurance operations in Bangladesh.
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