As Pakistan remains at the forefront of the war on terror, the lives of ordinary people are affected tumultuously in event of any terrorist act that befalls them. This was stated by Mohammad Aftab Manzoor, CEO, Allied Bank, on the occasion of signing an agreement with New Hampshire Insurance Company, Pakistan (NHIC).
According to the agreement, Allied Bank will exclusively offer "Terrorism Protection Insurance" to all its customers, which will also provide additional insurance cover for accident related injuries. The agreement was signed by Mohammad Aftab Manzoor, CEO, Allied Bank and Mr Mujib Khan, Country Manager New Hampshire Insurance Company.
Speaking on the occasion, Mohammad Aftab Manzoor, CEO, Allied Bank said, "ABL as a responsible financial institution has always been striving to introduce products and services that cater to the most fitting needs of not only its customers, but the country at large. Introduction of "Terrorism Protection Insurance" is a testament of our commitment to our customers and the communities we operate in."
Mujib Khan, Country Manager, Chartis New Hampshire Insurance Company, Pakistan stated, "we remain committed to providing innovative insurance solutions to meet the challenges in our market. The product being marketed through Allied Bank is such an example. We are confident that our offering will resonate positively and be well received by our target audience."
Also present on the occasion were Zia Ijaz, Group Chief, Commercial & Retail Banking Group, Ahsan Ali, Group Head Liabilities, Fahd Ghaffar Soomro, Business Head, Bancassurance Allied Bank, Ayaz Karamatullah, Manager Underwriting NHIC and Akif Zia Malik, PCM NHIC.
New Hampshire Insurance Company Pakistan Branch has been operating in Pakistan since 1949 and is a branch office of New Hampshire Insurance Company, which is a subsidiary of Chartis Inc, headquartered in New York. Chartis is a world leader in insurance with 90 years of proven experience and customer service.
Chartis derives its fundamental strength from 34,000 employees who combine global reach with the ability to serve clients in more than 160 countries and jurisdictions. The total asset base of NHIC is Rs 1.9 billion, and Chartis paid claims in excess of Rs 672 million.
Allied Bank is one of the largest commercial banks in Pakistan having 780 branches across the country, offering real time online banking. ABL is emerging as a bank with innovative yet customer oriented banking products that suits a variety of customer segments according to their individual and business needs.
The bank leads the way by having the largest network of 533 ATMs in more than 300 cities and towns of Pakistan. The extensive outreach, sound capital structure and improved asset quality has enabled the bank to maintain its long term rating of AA (Double A) and short term rating of A1+ (A one plus) by PACRA.-PR