IGI Life Insurance Limited (Formerly American Life Insurance Company (Pakistan) Limited) signed a "Bancassurance Distribution Agreement" with Faysal Bank Limited recently at Karachi. According to this agreement, Faysal Bank will offer IGI Life Bancassurance products to its existing and potential customers through its widespread distribution network and various customer touch points.
The agreement was signed by FouadFarrukh, Head Retail Banking of Faysal Bank and Muhammad Aminuddin, Deputy CEO of IGI | Life. Also present at the ceremony were Nadeem Malik, Chief Marketing Officer IGI Life, Ahmed Hemani, Head Products and Marketing and other senior members of IGI Life and Faysal Bank. Faysal Bank Limited was incorporated in 1994 having footprint which now spread over more than 265 branches in over 80 cities. The strength and stability of the bank is evident through the Credit Rating assigned by JCR-VIS of JCR-VIS Credit Rating Company Limited have determined the Bank's long term rating as 'AA' and short term rating as 'A1+'-PR
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