UBL Fund Managers and Pak-Qatar Family Takaful signed an agreement that will provide all investors of UBL Funds Islamic Investment Plans with Shariah Compliant Accidental and Medical Takaful Coverage. The agreement was signed by Mir Muhammad Ali, CEO UBL Fund Managers and Pervaiz Ahmed, CEO Pak-Qatar Family Takaful in Karachi on Thursday.
The accidental life and medical insurance coverage will be offered to investors who will make an investment with UBL Fund Managers through its administrative plans. These plans have been designed keeping the individual investor in mind and cater to their basic savings and investment needs such as Regular Income, Capital Appreciation and a combination of Income and Capital Appreciation.
Mir Muhammad Ali, CFA, CEO UBL Fund Managers commented on the occasion saying that "At UBL Funds we believe in offering a complete investment package to our investors and this now includes a Takaful Coverage facility. Realising the need for our investors to conduct their financial matters in a Shariah Compliant manner, we will be offering Takaful Coverage." He further added that "By partnering with Pak-Qatar Family Takaful our investors can expect premium customer service."
Pervaiz Ahmed, CEO Pak-Qatar Family Takaful said that Pak-Qatar Family Takaful is always looking for ways to provide value-added products to the people of Pakistan. "By joining hands with UBL Funds we will be able to reach out to many people who would otherwise not have the benefit of a customer centric and Shariah compliant risk mitigation tool."
By providing free Takaful coverage for its investors, UBL Fund Managers' investment plans not only offer a secure and attractive means of growing one's savings but also provide investor wellbeing against accidental hazards to life and health. The company is Pakistan's leading Asset Management Company in the private sector and is managing six funds with total assets under management exceeding Rs 32 billion.-PR