Islamabad(PR): National Bank of Pakistan, one of the largest banks in the country has recently signed a Bancassurance agreement with Jubilee Life Insurance one of the leading life insurance company in the country. The agreement was signed at a ceremony held on 16th Aug at NBP’s Head Office to commemorate the partnership in the wake of the expanding market for Bancassurance.
The agreement signing ceremony occasion was graced by Mr. Mudassir H. Khan – SEVP/Group Chief, CRBG-NBP and Mr. Javed Ahmed, Managing Director & CEO Jubilee Life Insurance.
Mr. Mudassir H. Khan, GC – NBP,Speaking on the occasion said that NBP and Jubilee Life joined hands by entering into a Bancassurance agreement for selling life insurance products of Jubilee Life through NBP’s branch network and introduce a cross sales culture throughout the organization.The alliance would serve to cater towards savings and protection needs of NBP’s clients. He added, NBP believes in creating value and convenience for their customers and continues to provide innovative financial solutions. NBP is the largest state-owned financial institution of Pakistan and biggest strength of NBP is its widest penetration across all corners of the country with huge customer-base which makes NBP an ideal business place.
Commenting on the occasion, Mr. Javed Ahmed, MD and CEO, Jubilee Life, said 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. He continued that Bancassurance has been an excellent stimulus to the insurance industry making products and services easily accessible to an extended customer base that has contributed to the industry’s growth. He saidour alliance with NBP, which is one of the leading Financial Institutions in the country, will give us a unique platform to provide Bancassurance products and services. We at Jubilee Life always try to reach out to our customers through various distribution channels providing them with the best solutions according to their needs. We are hopeful that this partnership will be very fruitful for both the partners.
The ceremony was also attended by NBP and Jubilee life officials some of which includes Mr. Syed Tariq Hasan SVP/Wing Head, Mr. Adnan Ahmed AVP/Product Manager Bancassurance, Mr. Shoaib Hassan Rind/InchargeBancassurance Operations whereas on behalf of Jubilee life Mr. Farhan A. Faridi, Group Head Retail Distribution and Mr.AbbasDostenHote – National Sales Managerwitnessed the occasion.
