Adamjee Life, TCS FS one win­dow

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TCS Fi­nan­cial Ser­vices and Adamjee Life As­sur­ance have signed a joint dis­tri­bu­tion agree­ment.

TCS Pak­istan is in­tro­duc­ing TCS Fi­nan­cial Ser­vices, a dis­tri­bu­tion plat­form for var­i­ous fi­nan­cial ser­vices in­clud­ing life and health In­sur­ance prod­ucts.

TCS is a lead­ing brand in Pak­istan and has been pro­vid­ing seam­less ser­vice to its cus­tomers for over 29 years. With a net­work of above 500 out­lets it has a larger dis­tri­bu­tion reach than most fi­nan­cial in­sti­tu­tions in Pak­istan. Adamjee Life As­sur­ance has a state- of- the- art pol­icy is­suance and claim set­tle­ment sys­tem that will pro­vide a bas­ket of life in­sur­ance prod­ucts to cater to the di­verse needs of TCS cus­tomers.

Speak­ing at the sign­ing of the joint dis­tri­bu­tion agree­ment, Ghaz­an­far Az­zam, CEO, TCS Fi­nan­cial Ser­vices said, “Ev­ery one of us comes across many peo­ple ev­ery­day who need in­sur­ance to se­cure the fu­ture of their chil­dren or other loved ones but do not know where and how to get it. TCS Fi­nan­cial Ser­vices will pro­vide the best in­sur­ance prod­ucts un­der one roof for its cus­tomers. In this re­gard, TCS Fi­nan­cial Ser­vices has part­nered with Adamjee Life which is the lead­ing in­sur­ance brand in the coun­try since last 55 years.”

Added Fredrik de Beer, CEO, Adamjee Life As­sur­ance , “The Life In­sur­ance in­dus­try in Pak­istan is still evolv­ing. With GDPto- in­sur­ance pen­e­tra­tion ra­tio be­ing one of the low­est in the re­gion Pak­istan has great po­ten­tial to of­fer. How­ever, tra­di­tional ap­proach to­wards do­ing busi­ness and ar­chaic man­age­ment prac­tices have proved to be ma­jor road­blocks which have not al­lowed the in­dus­try to de­velop at the re­quired pace. The col­lab­o­ra­tion with TCS Fi­nan­cial Ser­vices would go a long way in achiev­ing this goal as it would al­low in­sur­ance pen­e­tra­tion in the masses. He also stressed on the op­por­tu­nity In­sur­ance pro­vides to sales agents to be­come rich even in the pre­vail­ing so­cio- eco­nomic con­di­tions of the coun­try.

Je­hanzeb Za­far, Head of Sales and Ban­cas­sur­ance (Adamjee Life) said that Adamjee Life was ded­i­cated to ex­plor­ing in­no­va­tive dis­tri­bu­tion chan­nels that make in­sur­ance af­ford­able and ac­ces­si­ble and also in cre­at­ing aware­ness amongst the public at large to make in­sur­ance a part of an in­di­vid­ual’s fi­nan­cial and fu­ture plan­ning. He was con­fi­dent that the col­lab­o­ra­tion with TCS FS with its mas­sive dis­tri­bu­tion foot­print in Pak­istan would pos­i­tively con­trib­ute to­wards achiev­ing this goal.

TCS Fi­nan­cial Ser­vices Pak­istan aims to pro­vide var­i­ous fi­nan­cial ser­vices un­der one roof through a one win­dow so­lu­tion.

Ghaz­an­far Az­zam, CEO, TCS Fi­nan­cial Ser­vices and Fredrik de Beer, CEO, Adamjee Life As­sur­ance at the cer­e­mony.

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