BANKING

EFU Life and HabibMetro Bank strengthen their relationship by signing an agreement for Bancassurance products

KARACHI – EFU Life Assurance Ltd and HabibMetro Bank signed an agreement for launching Conventional Insurance products which will be distributed through HabibMetro Bank branches.

The signing ceremony was held at HabibMetro Bank Head Office in Karachi and the agreement was signed by Mr. Taher G. Sachak (CEO & MD) EFU Life & Mr. Mohsin Ali Nathani (President & CEO) HabibMetro Bank. The ceremony was attended by other senior officials of both organizations.

Speaking at the event, Mr. Taher G Sachak, CEO and MD EFU Life said “HabibMetro Bank is one of the leading commercial Banks and has been our partner for Takaful products since the last four years. It is our privilege to strengthen this relationship further by launching a suite of conventional products with them. With the expansion of our product range we will be able to provide more opportunities to HabibMetro Bank’s customers for their long-term financial planning needs”.

Mr. Mohsin Ali Nathani, President and CEO HabibMetro Bank said “HabibMetro Bank’s collaboration with one of the leading life insurance companies in Pakistan is another step towards the expansion of our product base which aims to cater to the diverse financial needs of various customer segments. We are confident that we will cater to our customers’ dynamic financial requirements in a more comprehensive manner through a wider spectrum of Bancassurance offerings.”

EFU Life is a leading life insurance company in Pakistan and is the first Window Family Takaful Operator licensed by SECP. HabibMetro Bank is a leading commercial bank of Pakistan with a fast growing banking network that provides highly innovative banking solutions, including e-Banking and Shariah-compliant Islamic Banking solutions.

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