Faysal Bank Limited, one of the leading banks of Pakistan, has signed a distribution agreement with Jubilee General – Window Takaful Operations. This agreement will pave the way for launch of numerous Takaful offerings to be distributed to Faysal Bank customers which will further enhance and enrich the Wealth Management product menu. The first product to be launched under this agreement is Takaful Health Cover Plan which will offer hospitalization coverage and other benefits to customers.
The signing ceremony was held at Faysal Bank Head Office in Karachi in the presence of senior officials from both organizations including Mr. Tahir Yaqoob Bhatti, Head of Retail Banking, Faysal Bank and Mr. Azfar Arshad, Head of Operations Jubilee General Insurance Company Limited.
Commenting on this initiative, Mr. Tahir Yaqoob Bhatti, Head of Retail Banking, Faysal Bank stated, “We are focused on providing unique and innovative financial solutions to our customers. This partnership is another step to provide the customers superior service and need based products. We are constantly looking to enhance our product proposition for our customers and this alliance is another step in that direction”.
Also commenting on the occasion, Mr Azfar Arshad, Head of Operations Jubilee General Insurance Company Limited added, “Our collaboration with Faysal Bank is a positive step towards making individual health Takaful accessible for the wider markets, where health coverage in current retail market is not conveniently in reach and yet is the need of time. With Faysal Bank’s impeccable service and vast clientele and Jubilee General being the pioneer of Health Insurance products in Pakistan, this partnership will definitely be a positive step towards benefit and welfare at large”.