Jubilee Life Insurance Company Limited and NIB Bank limited joined hands by entering into a Bancassurance accord for selling life insurance products of Jubilee Life through NIB's branch network. The alliance would serve to cater towards savings and protection needs of NIBs clients.
The agreement signing ceremony witnessed the presence of Shahid Sattar, Group Head Retail, SME and Commercial and Adnan Arif Manager Bancassurance of NIB Bank Limited, whereas Jubilee Life was represented by Javed Ahmed, Managing Director and CEO and Farhan A Faridi, Head of Bancassurance. Speaking on the occasion, Shahid Sattar said, "NIB Bank believes in creating value and convenience for their customers and continues to provide innovative financial solutions."
NIB is one of the fastest growing banks in Pakistan with highest paid up capital. NIB Bank Limited started as NDLC-IFIC Bank Ltd, which was incorporated in March 2003 as a public limited company. NIB business units include Retail Banking and Transaction Banking, Small Medium Enterprises and Commercial Banking, Corporate and Investment Banking and Treasury of Capital Market. Jubilee Life Insurance Company Limited is a subsidiary of the Aga Khan Fund for Economic Development (AKFED), Switzerland. Jubilee Life, is one of the brightest and most reputable names in the insurance sector.-PR
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