U Fintech and Protective Islami Life Execute Agreement

U Fintech Limited and Protective Islami Life Insurance Limited have established a strategic alliance through the signing of a group insurance agreement. This corporate partnership is designed to expand the scope of consumer services across the digital finance and insurance sectors, enabling U Fintech policyholders to access enhanced healthcare benefits and structured insurance coverage.

Contractual Privileges and Policy Provisions

Under the terms of the newly ratified contract, the consumer base of the digital financial platform will be integrated into the Shariah-compliant insurance portfolios managed by Protective Islami Life Insurance. The corporate framework introduces several health-centric and risk-mitigation features directly to the fintech platform’s users.

The core consumer benefits outlined in the agreement include:

• Hospitalisation Cash-Back: Financial reimbursements for policyholders during periods of clinical hospital admission.

• Diagnostic Discounts: Specialized concessions on medical laboratory and diagnostic tests at designated partner healthcare centers.

• Defined Insurance Coverage: Specified life and health risk coverage limits as determined by the group insurance policy rules.

Corporate Representation and Management Attendance

The formal contract was finalized during an executive signing ceremony attended by the senior administration and management teams of both contracting firms.

The institutional delegations were led by the primary executive officers of both entities, including Anirban Das Gupta, Managing Director of U Fintech Limited, and Dr Kishore Biswas, Managing Director of Protective Islami Life Insurance Limited. They were supported by Nazmul Huda, Co-Founder of U Fintech Limited.

The complete list of senior corporate officials present to oversee the execution of the inter-enterprise contract is detailed below:

Strategic Objectives and Digital Integration

According to corporate statements issued by the participating entities, this group insurance framework is designed to merge mobile financial technology with Islamic insurance mechanisms (Takaful). By embedding these protection tools into a digital fintech infrastructure, both companies intend to minimize the administrative barriers to insurance acquisition in Bangladesh.

The operational integration will allow U Fintech users to manage their insurance accounts digitally, thereby strengthening financial inclusion and providing health risk mitigation options to a wider consumer demographic. The technological deployment timeline and specific claims processing procedures will be made available via the companies’ official service applications in due course.