Jubilee Life and Bank of Azad Jammu & Kashmir sign Bancassurance Agreement

Jubilee Life and Bank of Azad Jammu & Kashmir sign Bancassurance Agreement

Islamabad, September 09, 2020 - Bank of Azad Jammu and Kashmir (BAJK) and Jubilee Life Insurance Company Limited have recently distributed Jubilee life insurance products to increase access to insurance products and understand the importance of financial expansion. What is the contract? participation. The signing ceremony took place at a hotel in Islamabad.

Consumers will benefit from innovative products as they provide financial security and financial prosperity. Syed Rizwan Aziz, Jubilee Life Insurance Director, Khawar Saeed, President and CEO of Bank of Azad Jammu and Kashmir, as well as other senior executives and representatives of the company, attended the signing ceremony.

Speaking on the occasion, Syed Rizwan Aziz, Director of Bangkoksain's Jubilee Life Insurance, said: "This bancassurance event will enhance the strategic penetration of insurance products and also expand our product portfolio. We also aim to complement existing banking products. and break into potential markets Benus Insurance is ideal for large-scale market product distribution and product expansion to customers according to their needs and values, and will also help improve presence and maximize coordination.

Taking advantage of this opportunity, Mr. Khawar Saeed, President, and CEO of Bank of Azad Jammu and Kashmir emphasized the importance of bancassurance as an important step in meeting the financial needs of its clients. "Collaborating with Jubilee Life Insurance Company Limited is another step towards expanding our product portfolio, increasing our customer retention, and integrating with financial services tailored to our clients' needs. Consumer wealth management solutions will help increase business value and improve customer relationships.

Bank of Azad Jammu and Kashmir (BAJK) and Jubilee Life Insurance Company Limited have recently signed a distribution alliance to increase access to insurance products and increase financial inclusion. The signing ceremony was attended by Syed Rizwan Aziz, Director of Jubilee Life Insurance, Mr. Khawar Saeed, President and CEO of Bank of Azad Jammu and Kashmir, along with other senior executives and company representatives.

About Bank of Azad Jammu and Kashmir

BAJK started operations in 2006 with its first branch in Muzaffarabad. BAJ is a fast-growing commercial bank with a network of 70 branches in the state of Azad Jammu and Kashmir. The Bank has a dedicated team of professionals who are fully capable of delivering services with energy, enthusiasm, and commitment. The bank prioritizes service delivery, so it invests heavily in IT and human capital to build a powerful brand that is competitive, sustainable, and trusted by its customers.

About Jubilee Life Insurance

Jubilee Insurance is a global brand of the Aga Khan Fund for Economic Development (AKFED) that offers a variety of insurance solutions (life, health, and general) in the Asian and East African markets. Jubilee Life in Pakistan's largest private insurance company in life and health insurance and Window Takaful operations. Jubilee Life offers a variety of designed health and life insurance plans, serving different customer segments and needs. These include retirement, early childhood education, marriage, savings and protection, wealth accumulation, women's life insurance plans, rural insurance plans, and life and health insurance solutions that are less privileged than our country.

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Azad jammu & kashmir Jubilee life

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