Trade Chronicle Sep - Oct - 2020 issue

TRADE CHRONICLE
Jubilee Life and Bank of Azad Jammu
& Kashmir sign Bancassurance
Agreement
Bank of Azad Jammu & Kashmir (BAJK)
and Jubilee Life Insurance Company
Limited have recently entered into a
distribution alliance for Jubilee Life’s
insurance products in order to augment
the accessibility of insurance products
and capitalize on the significance of
financial inclusion. The signing ceremony
was held at a hotel in Islamabad.
The consumers would benefit from
innovative products as it renders financial
security and financial well-being. Syed
Rizwan Aziez, Head of Bancassurance,
Jubilee Life Insurance, Mr. Khawar
Saeed, President and CEO, Bank of Azad
Jammu & Kashmir along with other senior
executives and representatives of the
Habib Metropolitan Bank Limited and
Adamjee Life Assurance Company Limited
have entered into a strategic alliance
for the promotion of Bancassurance
products. This alliance aims to enhance
HABIBMETRO Bank’s bancassurance
product offering in its efforts to deliver an
unparalleled level of customer service.
Mian Mohammad Mansha, Chairman
Nishat Group and Mr. Mohsin Ali Nathani,
President and CEO, HABIBMETRO Bank
along with other senior representatives
of the two organizations attended the
signing ceremony.
This strategic alliance is expected to play
a vital role in enhancing the availability of
customer-centric financial solutions to the
Bank’s clientele. Through this alliance,
the Bank’s customers will benefit from
company attended the
signing ceremony.
Speaking at the
occasion, Syed
Rizwan Aziez, Head of
Bancassurance, Jubilee
Life Insurance said, “This Bancassurance
ceremony would enhance strategic
penetration of insurance products and
subsequently also provide an opportunity
to expand our product portfolio. We aim to
complement existing bank products and
also gain a foothold in potential markets.
Habibmetro Bank & Adamjee Life
Assurance enter into strategic partnership
experience.
integrated banking
and protection
solutions for
a best-inindustry
customer
Speaking at the occasion, Mian
Mohammad Mansha, Chairman Nishat
Group said, “Adamjee Life has always
been active in developing new & improved
methods of business through constant
research & development; processes that
help us create customer convenience and
accessibility. Bancassurance has always
been an excellent catalyst for making
a variety of insurance products easily
BankIslami wins Pakistan
IP Excellence Award 2020
Bancassurance is ideal for the distribution
of mass-market products and extend
products to the clients as per their needs
and values. This integration would also
help in improving market presence and
maximizing synergies”.
Taking the opportunity, President and
CEO of Bank of Azad Jammu & Kashmir
Mr. Khawar Saeed emphasized on
the importance of Bancassurance
as a prominent step to serve the
financial needs of its customers. He
said, “Collaborating with Jubilee Life
Insurance Company Limited is another
step towards the expansion of our
product portfolio, enhancement of our
customer retention and integration of
financial services tailored to the clientele’s
needs. Furthermore, it will help in
increasing value to our customers’ wealth
management solutions and improve
customer relations”.
accessible to a vast customer base. I
am confident that our partnership with
Habib Metro Bank will further strengthen
our distribution channels and allow us to
provide customers with the best insurance
solutions for their needs.”
Also commenting at the event, President
and CEO of HABIBMETRO Bank Mr.
Mohsin Ali Nathani emphasized on the
role that this strategic alliance will play in
broadening the range of financial solutions
that the Bank offers its customers for a
financially secure future. He also said,
“We are pleased to partner with Adamjee
Life - one of the leading life insurance
companies in Pakistan. This is another
step towards expanding our product
portfolio to better cater the broader
financial needs of HABIBMETRO Bank’s
customers. With continued support of
our business partners, we hope to add
maximum value to our customers’ wealth
management solutions.”
to go above and beyond within
the fields of patent, trademark
and copyrights.
Picture shows Mr. Javed Ahmed, MD & CEO, Jubilee Life
Insurance (sitting left), Mr. Fahad Iqbal Awan, Founder
& CEO, EasyInsurance.com.pk (sitting right) along with
other representatives of both organizations at the signing
ceremony.
BankIslami, one of the most
technologically advanced
Islamic bank with 340+
branches in more than
116 cities, wins Pakistan
IP Excellence Award 2020
in the category of “Best IP
Management” and “Most
Innovative Banking Solutions.”
The prestigious IP Excellence Award
provides rewards & recognition to
motivate businesses and individuals
Speaking on the occasion, Bilal Fiaz,
Group Head of Consumer
Banking, stated “We are
proud to be recognized
for Best IP management
and Innovative Banking
solutions. We are
continuously launching
state-of-the-art banking services
and products in the market to keep
our momentum going in the times to
come.”
TRADE CHRONICLE - Sep - Oct - 2020 - Page # 28