HDFC Bank-amana Takaful Insurance partner
HDFC Bank recently signed a memorandum of understanding (MOU) with Amana Takaful PLC in respect of obtaining the cattle insurance ‘Kiri Govi Sathkara’ to cover both cattle and farmer life.
HDFC Bank Chief Executive Officer/general Manager Palitha Gamage and Amana Takaful PLC Chief Executive Officer Fazal Gafoor signed on behalf of the two organisations.
This MOU was signed in the presence of Chief Operating Officer M.K. Nambiyarooran, AGM Legal Sudishna Perera, Head of Credit Manjula Dissanayaka, Manager Corporate and Development Finance Anura Dissanayaka and AGM Branch Operations and Bancassurance Gayan De Silva.
This tie up of HDFC with Amana Takaful Insurance will ensure protection of farmers and their families against the risk of losing the cattle due to natural, accidental perils and to best serve its constantly increasing the volume of customers.
Under this MOU, the loan customers of HDFC Bank will have the opportunity of obtaining a cattle insurance policy from Amana Takaful Insurance to mitigate the risk in dairy projects in case of animal deaths with affordable premiums to customers. A special free cover also provides to the farmer in case of the farmer’s death or permanent total disability of the farmer.
The association with Amana Takaful PLC will provide HDFC Bank’s loan customers with the best in class products and services beyond the normal loans.