TPL Insurance, Pakistan’s first direct insurance company, is pleased to announce its strategic partnership with Pakistan’s leading commercial and retail banking institution Askari Bank Ltd. An MoU was signed between the two organizations on the 8th of October, 2019 at Askari Bank’s office in Islamabad.
The partnership aims to explore new business opportunities in the Auto Finance sector and provide customers of Askari Bank with Auto Insurance solutions.
Present at the occasion from TPL Insurance were Muhammad Aminuddin – CEO, Muhammad Zubair Butt – Regional Head FIG, Aurangzeb J. Siddiqui – Head of FIG, and Syed Ather Abbas – Deputy Managing Director. Representing Askari Bank were Syed Taha Afzal – Head of Consumer Banking, Muhammad Ali Shahbaz – Head of Secured Products, Fawad Ilyas –Business Planning Manager, and Fauzia Mehmood – Head of cards and Merchant Alliances.
This new venture will enable TPL Insurance to offer customized coverage to Askari Bank customersat the most competitive rates in the industry. The agreement provides the additional facility of free tracking and accidental coverage for their cars, backed by the fastest claim settlement offered in Pakistan.
The partnership is inline with TPL Insurance’s pursuit of providing seamless insurance services to customers through its 24/7 call center and digitally integrated insurance systems.
TPL Insurance is the first insurance company in Pakistan to sell general insurance products directly to the consumer. Since launch in 2005, the company has grown from strength-to-strength, delivering superior and hassle-free Insurance products to individual & corporate clients. TPL Insurance currently provides a complete range of innovative insurance solutions. For more information, please visit www.tplinsurance.com.
Askari Bank was incorporated in Pakistan on October 9, 1991, as a public limited company. It commenced operation on April 1, 1992, and is principally engaged in the business of banking, as defined in the Banking Companies Ordinance, 1962. The Bank is listed on Karachi, Lahore and Islamabad Stock Exchanges. Since inception, the bank has concentrated on growth through improving service quality, investment in technology and people, utilizing its extensive branch network which includes Islamic and Agricultural banking. For more information, please visit www.askaribank.com.