Karachi, March 30, 2017: Khushhalibank collaborates with two leading companies in the insurance sector of Pakistan, namely Adamjee Life Assurance Company Limited and Jubilee Life Insurance (JLI). The two agreements were signed in order to facilitate valued customers and provide them with more benefits of life insurance cover packages.

As per agreement with Adamjee Life Assurance, flexible premium investment-linked assurance plans will be offered under the Bancassurance arrangement. The Bank will offer an access to professionally managed unit funds. Clients can choose to pay premiums on monthly, quarterly, half yearly and yearly basis with premiums starting from PKR 8,000 to 36,000 annually.

Speaking on the Occasion, Jehanzeb Zafar, Chief Strategy Officer, Adamjee Life Assurance Company said, “Our customers will have the luxury of selecting the package that best suits their requirements. Premiums will be used to purchase units in the unit funds.”

In partnership with Jubilee Life Insurance, Khushhalibank and JLI has enhanced the insurance product proposition, Sehat Khushhali being offered by the Bank to its customers. Under this scheme the clients are provided hospitalization coverage of PKR 40,000 in one year time on a premium of PKR 750. In addition both parties also agreed to launch and establish necessary support for operations efficiency through Bank’s branches.

On this partnership, Sohail Fakhar, Group Head, Jubilee Life Insurance expressed his views, “The alliance between the two organizations is a great move and both parties have their consent in establishing necessary support towards enhanced operations efficiency.”

On the occasion, President Khushhalibank, Ghalib Nishtar, said, “These partnerships will set new standards for marketing the insurance products and the Bank will ensure best quality service to its customers.”