Karachi – 1st May 2023 – Bank Alfalah has signed a Memorandum of Understanding (MOU) with TPL Life and TPL Insurance to provide customized insurance solutions for its Employee Banking Customers. This partnership aims to offer free telehealth, accidental death coverage, and financial security to Bank Alfalah’s Employee Banking customers.
These customized insurance solutions offered by TPL Life & TPL Insurance will cover a range of areas including health, life, and cash withdrawal insurance. These solutions are designed to safeguard the financial future of Bank Alfalah’s employee banking customers and protect them against any unforeseen circumstances, that may arise.
Speaking at the occasion, Mr. Ali Jameel, CEO of TPL Corp said, “This collaboration is a testament of our commitment in supporting banking institutions in delivering dynamic value propositions to their customers. This is the first step to building a long-term partnership between Bank Alfalah and TPL Group and we look forward to expanding our efforts into various other consumer segments and creating further avenues for sustainable business growth.”
In addition, Mr. Atif Bajwa, Bank Alfalah’s President, and CEO said, “We are excited to partner with TPL Life and TPL Insurance to offer our Employee Banking Customers customized insurance solutions that cater to their unique needs. This partnership reflects our commitment to providing innovative solutions that add value to our customer’s lives.”
The ceremony was held at Bank Alfalah’s head office in Karachi and was witnessed by the senior management of both entities, including Mr. Saad Nissar (CEO, TPL Life), Mr. Muhammad Aminuddin (CEO, TPL Insurance), along with Mr. Humayoon Asghar (Chief Strategy and Retail Officer, TPL Life), Ms. Mehreen Ahmed (Group Head Retail Banking, Bank Alfalah), Mr. Amaar Naveed Ikhlas (Head – Payment Solutions, Bank Alfalah) and Mr. Ibtisam Saleem (Head – Employee Banking, Bank Alfalah).
This partnership between Bank Alfalah and TPL is a solid step forward toward achieving the bank’s strategic objective of becoming the preferred financial partner for its customers.
About TPL Life Insurance: TPL Life is Pakistan’s 1st Life & Health InsurTech, offering an extensive suite of life and health solutions. We are committed to delivering quality financial care to every Pakistani via our insurance solutions that are; innovative, simple, affordable, convenient, accessible, and yet empowering.
About TPL Insurance: TPL Insurance is a leading provider of general insurance solutions that cater to the needs of individuals and businesses in Pakistan. The company is committed to providing innovative insurance solutions that protect its customers against financial losses resulting from unforeseen events.
About Bank Alfalah:
Bank Alfalah is a leading commercial bank in Pakistan, boasting over 900 branches across 200 cities and an international presence in the UAE, Bangladesh, Bahrain, and Afghanistan. The bank offers a wide range of products and services, including corporate and investment banking, consumer banking, securities brokerage, commercial, small and medium enterprise, agricultural, Islamic, and asset financing to both private-sector institutions and governments. In 2022, the bank was awarded the best ‘Digital Bank’ and ‘Housing Finance’ across Pakistan, highlighting its commitment to simplifying and improving the financial capabilities of its customers.