Bdbusinessdaily.com – Two major financial institutions in Bangladesh have joined forces to extend a dedicated insurance safety net to millions of credit card users. On 7 September, Bengal Commercial Bank and Bengal Islami Life Insurance formalised a Credit Shield arrangement at the bank’s headquarters in the Gulshan district of Dhaka. Under the deal, cardholders will receive coverage that shields them and their dependents from sudden financial hardship triggered by death, permanent disability, or a diagnosed critical illness.

The arrangement is designed to address a gap that many cardholders face: the possibility that a catastrophic health event or untimely death could leave outstanding credit card balances unpaid, pushing the burden onto surviving family members. By bundling insurance protection directly into the credit card relationship, the partnership ensures that a qualifying event does not translate into an unmanageable debt for the household. The scope of coverage spans three principal triggers — death…