HBL, Jubilee Insurance & MicroEnsure enter into strategic collaboration
اکتوبر 3, 2014
HBL, Jubilee Life, Jubilee General and MicroEnsure entered into a memorandum of understanding to provide various innovative insurance products and solutions to the HBL’s branchless banking clients.
Present at the occasion were Mr. Faiq Sadiq, Head – Payment Services HBL, Mr. Javed Ahmed, MD & CEO – Jubilee Life, Mr. Tahir Ahmed, MD & CEO – Jubilee General, Mr. Rehan Butt, Country Manager – MicroEnsure Pakistan and other senior officials.
This collaboration, perceived by industry experts as one of its kind in the history of Pakistan, will provide innovative life, health and assets insurance to the hugely uninsured mass market of the country through HBL Express platform, using product innovation and strong underwriting capacity of Jubilee Life and Jubilee General along with operational support of MicroEnsure.
Speaking at the occasion, Mr. Faiq Sadiq said that HBL is closely studying this market segment and has a keen interest in making various mass market insurance products available through such partnerships. Mr. Javed Ahmed said that Jubilee Life, the microinsurance leader in Pakistan, is fully committed towards serving this segment and is ahead of others in terms of exploring new products. Mr. Tahir Ahmed elaborated on Jubilee General’s focus is on technology and is excited to expand insurance services to the untapped masses through this initiative. Mr. Rehan Butt added that this partnership will provide safety net to millions of Pakistanis through simple products and easy processes and is a big leap towards making insurance every household’s affair in the country.
