Sum­mit Bank, Ju­bilee Life join hands for Ban­cataka­ful

The Pak Banker - - FRONT PAGE -

KARACHI: Ju­bilee Life In­sur­ance, the coun­try's lead­ing life in­sur­ance com­pany, re­cently signed the Ban­cataka­ful Agree­ment with Sum­mit Bank, one of the fastest grow­ing com­mer­cial banks of Pak­istan. The agree­ment was signed at a cer­e­mony held at Ju­bilee Life's Head Of­fice to com­mem­o­rate the part­ner­ship in the wake of the ex­pand­ing mar­ket for Is­lamic Bank­ing. The event was at­tended by the se­nior man­age­ment of both the en­ti­ties to sol­em­nize the an­tic­i­pated agree­ment in the pres­ence of Mr. Nadym Chandna, Head of Taka­ful, Ju­bilee Life - Win­dow Fam­ily Taka­ful Op­er­a­tions and Faisal Mu­rad, Head of Con­sumer Bank­ing, Sum­mit Bank who duly signed the agree­ment to mark this col­lab­o­ra­tion.

Speak­ing at the cer­e­mony, Chandna said: "Ban­cataka­ful is the com­mence­ment of a new chap­ter in the Shariah com­pli­ant mar­ket and a means of strate­gi­cally pen­e­trat­ing through the in­dus­try that has wit­nessed prodi­gious growth in Pak­istan it­self. We are con­fi­dent that along with Sum­mit Bank, our top qual­ity ser­vices would cre­ate room for busi­ness longevity through the newly es­tab­lished plat­form of trust."

"Ever since our es­tab­lish­ment, our pri­mary fo­cus has been on the evolv­ing needs of our end con­sumers.Our aim isto right­fully serv­ing them and cater­ing to them in ac­cor­dance with their de­mands and mar­ket trends. The col­lab­o­ra­tion with Ju­bilee Life which is a lead­ing pri­vate sec­tor in­sur­ance com­pany of Pak­istan will en­able a one win­dow so­lu­tion of Ban­cataka­ful through the branch net­work of Sum­mit Bank," said Mr. Mu­rad, "We are highly en­thu­si­as­tic about the mu­tu­ally ben­e­fi­cial­value ad­di­tion in our port­fo­lio that will serve the cus­tomers of both the en­ti­ties."

Ju­bilee In­sur­ance is a global brand of Aga Khan Fund for Eco­nomic De­vel­op­ment (AKFED) that of­fers di­verse in­sur­ance so­lu­tions (life, health and gen­eral) in the Asian and East African mar­kets. Ju­bilee Life in Pak­istan of­fers uniquely de­signed range of life and health in­sur­ance / Taka­ful plans, cater­ing to var­i­ous cus­tomer seg­ments and needs. Th­ese in­clude re­tire­ment, child education, mar­riage, sav­ing & pro­tec­tion, wealth ac­cu­mu­la­tion, life in­sur­ance plans for women, ru­ral in­sur­ance plans and life and health in­sur­ance so­lu­tions for the less priv­i­leged of our coun­try.

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