TPL Insurance Limited and Regal Automobiles Forge Strategic Partnership for Innovative Solutions in Auto Sector

Signatories: Sohail Usman – Chairman, Regal Automobiles and Muhammad Aminuddin – CEO, TPL Insurance signed the agreement. Senior members from respective organizations were also present at the occasion. Standing From left to right: Shahrukh Zaib – Manager Finance, Regal Automobiles, Miftah-Ul-Huda – CFO, Regal Automobiles, Adeel Usman – Managing Director, Regal Automobiles, Talha H. Dawood – Head of Retail Sales, TPL Insurance, Syed Ali Hassan Zaidi – Chief Operating Officer, TPL Insurance and Aurangzeb Javed Siddiqui – Head of Retail & FIG, TPL Insurance. Karachi – 30 April 2024: TPL Insurance, a leading provider of innovative insurance solutions, is proud to announce a strategic partnership with Regal Automobiles Industries Ltd. (RAIL), a renowned name in the automotive industry. The memorandum of understanding (MoU) signing ceremony solidifies the alliance between the two entities, paving the way for groundbreaking offerings in the automotive and insurance sectors. As part of this collaboration, customers can now enjoy the convenience of a buy now, pay later scheme for select models including Glory 580 Pro, Prince Pearl, Prince K01, and Humsafar. This deferred payment plan offers flexibility and financial ease, allowing individuals and corporates to acquire their desired vehicles with ZERO financial cost. In addition to the deferred payment plan, the partnership introduces innovative and flexible Motor Takaful products. Mr. Aminuddin, CEO of TPL Insurance, expressed his enthusiasm about the partnership, stating, “We are pleased to join forces with Regal Automobiles Industries Ltd. This alliance allows us to offer unparalleled benefits to our customers, reinforcing our commitment to innovation and customer-centric solutions.” Mr. Sohail Usman, Chairman of Regal Automobiles Industries Ltd., commented, “At RAIL, we are continuously striving to enhance the customer experience. This partnership with TPL Insurance marks a significant milestone in our journey, enabling us to provide our customers with convenient payment options and strong insurance coverage.” Mr. Adeel Usman, Managing Director of RAIL, added, “The introduction of deferred payment plans, and innovative Motor Takaful products reflects our dedication to meeting the diverse needs of our customers. We are excited about the possibilities that this partnership brings and look forward to delivering value together.” These offerings are designed to provide comprehensive coverage and peace of mind to vehicle owners, ensuring their protection on the road. This partnership stands out in the industry due to its unique proposition of offering both flexible deferred payment plans and innovative Motor Takaful products. The combination of these services addresses the evolving needs of customers, providing them with a comprehensive solution under one roof. About TPL Insurance TPL Insurance Limited is the first company in Pakistan to sell general insurance & takaful products directly to the consumer. Since its launch in 2005, the company has grown from strength to strength and is now the leading Insurtech player in Pakistan. TPL Insurance Limited obtained a window takaful license from SECP in 2014 and specializes in tech-driven innovative solutions and digitally integrated systems to provide hassle-free customer experiences and round-the-clock services to 300K+ customers. As an AA rated insurer, TPL Insurance Limited is committed to the development of commercial and personal line portfolios by exploring new channels, expanding existing relationships, and maintaining higher risk retention. About DFSK DFSK Pakistan is the leading provider of luxury performance vehicles, offering an unparalleled driving experience for discerning individuals. Our commitment to excellence is reflected in every vehicle we produce, combining cutting-edge technology, superior craftsmanship, and timeless design. Explore our range of meticulously crafted vehicles, each meticulously engineered to deliver exceptional performance, comfort, and style. From sleek sedans to powerful SUVs, we have a vehicle to suit every lifestyle and preference. At DFSK Pakistan, we are dedicated to exceeding your expectations, providing exceptional customer service, and ensuring your satisfaction with every interaction. Discover the luxury of driving with DFSK today.