EFU Life Assurance Ltd and JS Bank have expanded their distribution alliance by including Family Takaful products in the product menu. and tThe agreement was signed by Mr. Taher G. Sachak, CEO & MD EFU Life and Mr Khalid Imran, President & CEO, JS Bank. The ceremony was attended by senior officials of both organizations.
Karachi, May 05, 2015: EFU Life Assurance Ltd and JS Bank have entered into a distribution alliance for EFU Life’s Window Family Takaful Products under a dedicated brand “Hemayah”. JS Bank, one of Pakistan’s fastest growing banks, is a leading provider of wealth management solutions in Pakistan, including Bancassurance & Bancatakaful products. EFU Life is a leading life insurance company in Pakistan and is the first Window Family Takaful Operator licensed by SECP.
The signing ceremony was held at JS Bank’s Head Office in Karachi and the agreement was signed by Mr. Taher G. Sachak, CEO & MD EFU Life and Mr Khalid Imran, President & CEO, JS Bank. The ceremony was attended by senior officials of both organizations.
Speaking at the occassion, Mr Taher Sachak, CEO and MD EFU Life, said “JS Bank is already our successful Bancassurance partner and we value our longstanding relationship. The introduction of Bancatakaful solutions offers us an added opportunity to expand our product range and provides more opportunities to JS Bank’s customers for their long term financial planning needs. There is a huge potential in Shariah Compliant takaful solutions for Pakistan and I am delighted to have JS Bank as our partner for Bancatakaful.”
Mr. Khalid Imran, President JS Bank, said “JS Bank is proud to partner with EFU Life with the launch of Hemayah Family Takaful. As one of Pakistan’s fastest growing banks, JS Bank offers personalized banking, distribution strength, an innovative range of banking services and complete financial solutions for our customers. Together, our two entities are well-poised to serve the growing Takaful market in Pakistan and we look forward to a strong and sustainable partnership with EFU Life.”
JS Bank is considered amongst the fastest growing banks within Pakistan’s banking landscape with the support of its vast experienced management. The bank now has an online network of 238 branches and presence in over 122 cities across Pakistan.