Habib Metropolitan Bank, one of the top banks of Pakistan with its nationwide network of 260 branches across 62 urban and semi urban cities, will be introducing insurance and savings products designed by Jubilee Life to its customer base.
Jubilee Life has been the pioneer in the industry to introduce the bancassurance distribution channel. Since then, it has achieved remarkable growth and is currently leading with over 50% share of new premiums written through its Bancassurance business.
This arrangement was formalised in a recently organised signing ceremony where Sirajuddin Aziz, President Habib Metropolitan Bank and Javed Ahmed, Managing Director & CEO Jubilee Life, signed the agreement. S.M. Talib Rizvi, Group Head/Senior Executive Vice president, HMB was also present at the occasion. The ceremony took place on Thursday.
Speaking of the partnership, Sirajuddin Aziz said, "Habib Metropolitan Bank descends from a name that has a 160-year heritage of honesty, trust and respect. It is our ambition to always provide innovative products and unmatched services to our customers, and we are always working on strategic goals that are customer-oriented. We are excited to be joining hands with the leading private sector insurance company of Pakistan. This partnership with Jubilee Life will help in providing additional value to our customers and strengthening our relationship with them."
Commenting on the occasion, Javed Ahmed, MD and CEO, Jubilee Life, said "Bancassurance has been an excellent stimulus to the insurance industry making products and services easily accessible to an extended customer base and has contributed to the industry's growth. Our alliance with Habib Metropolitan Bank, 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."-PR
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