Habib Metropolitan Financial institution Restricted and Jubilee Life Insurance coverage Firm Restricted have lately entered right into a distribution alliance for Jubilee Life’s Window Takaful merchandise to carry ease of entry to progressive merchandise as a part of delivering an unparalleled stage of customer support.
Javed Ahmed, MD & CEO Jubilee Life Insurance coverage and Mohsin Ali Nathani, President and CEO, Habib Metro Financial institution together with different senior representatives of the corporate attended the signing ceremony.
This strategic alliance among the many leaders of the monetary area is predicted to play a significant function in creating a really robust mutually useful enterprise relationship between Habib Metro Financial institution and Jubilee Life Insurance coverage. In consequence, the top profit will trickle right down to the shoppers who’ve positioned their belief and religion in these organisations.
Talking on the event, Javed Ahmed, MD & CEO, Jubilee Life Insurance coverage mentioned that Bancatakaful is the graduation of a brand new chapter within the Shariah compliant market and a method of strategically penetrating by way of the business which has witnessed prodigious development in Pakistan; penetration is the foremost profit that the insurance coverage carriers acquire out of a Bancassurance alliance.
“We admire the success of our present Bancassurance relationship with Habib Metro Financial institution and this Bancatakaful partnership will reinforce the alliance and supply us with a further alternative to increase our product portfolio. By means of this partnership, we intend to supply banking shoppers our customized Bancatakaful options with out compromising on their non secular values”, he added.
President and CEO of Habib Metro Financial institution Mohsin Nathani emphasised the significance of Takaful (Shariah compliant alternate to insurance coverage) within the development of the Islamic finance business.
He mentioned that becoming a member of palms with one of many main life insurance coverage corporations in Pakistan is one other step in direction of the growth of our product portfolio, which additionally goals to cater the broader monetary wants of the HMB clients.
“With the continued assist of our enterprise companions, we hope so as to add most worth to our clients’ wealth administration options and prolong our Shariah-compliant product base for our Islamic section,” he added.