Adamjee Life, TCS FS one window
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.