TPL Direct Insurance and Tameer Bank sign Memorandum of Understanding for the Launch of Micro Health Insurance “Tameer Sehat-O-Sakoon”
Karachi, Tuesday, December 31st, 2013:
TPL Direct Insurance Limited, Pakistan’s only direct insurance company, has partnered with Tameer Microfinance Bank and has signed an agreement to launch micro-health insurance covers to targeted customers residing in small cities and villages with no access to financial institutions.
‘Tameer Sehat-O-Sukoon’, is a health micro-insurance product that will be offered to low-income individuals to provide them with quality health care when they need it most. It is an in-patient product, which offers cashless access to health services with coverage worth Rs. 40,000 against an annual premium of Rs. 700. It will be rolled out stage-wise across all Tameer Bank Touch Points throughout Pakistan and will be available for Tameer Bank customers as well as non-Tameer Bank customers.
The aim of this initiative is to provide access to formal insurance that protects against health risks such as severe or chronic illnesses, accidents, and obstructed births. These shocks are particularly damaging for poor households who are more vulnerable and less able to absorb the financial consequences of such events.
Speaking on the occasion, Mr. Tariq Mohar, Deputy CEO, Tameer Microfinance Bank said, “Tameer Sehat-O-Sukoon is part of Tameer Bank’s strategy in line with our vision to emerge as a global benchmark for innovative and commercially viable microfinance solutions for the unbanked and offer them a means to socio-economic empowerment. Our health insurance product is an effort to bridge the gap between the haves and the have-nots and to promote greater inclusion within society and provide them with a safety net against financial shocks.”
Mr. Saad Nisar, CEO TPL Direct Insurance stated “We are very pleased to be associated with the ‘Tameer Sehat-O-Sukoon’ initiative. Health insurance is a complex system in developing countries. Resource & distribution constraints pose a collective challenge. TPL Direct insurance has looked at various limitations and is determined to overcome these constraints through micro-health insurance. New evidence shows that micro-health insurance can reduce expenditure on health care for clients and encourage them to seek care earlier. We hope to bring about convenience and numerous benefits for the people.”
About TPL Direct Insurance
TPL Direct Insurance is Pakistan’s first and only direct insurance company. TPL Direct Insurance Limited was formerly known as Trakker Direct Insurance Ltd. and was established in 2005. It offers a host of products and services through 24-hour call center operations. Offering claims and underwriting services. It also pioneered the concept of web-based services to allow customers to interact with and retrieve progress of their insurance policies and claims. With a promise to lodge claims in just 60 seconds and to process them in 45 minutes, TPL Direct Insurance upholds quality service standards through a team of highly motivated and dedicated staff.
About Tameer Microfinance Bank (TMFB)
Tameer Microfinance Bank Limited (TMFB) is the first scheduled and largest micro-finance bank in Pakistan and a majority owned subsidiary of Telenor Pakistan. The bank was incorporated in 2005 to provide micro-finance and related financial services to the less privileged and unbanked segment of society, with an aim to contribute towards poverty alleviation under the Microfinance Institution ordinance, 2001. The Bank currently has an outreach of over 125 Tameer customer touch points along with more than 30,000 Easypaisa outlets in Pakistan. The range of financial services offered by TMFB includes Deposits, Loans, Mobile Accounts, Health Insurance, Alternative Energy Solution, Remittances, cash management services, delivery through Bank on Wheels, Agricultural and Dairy Financing.
Please contact the Marketing Department at TPL Direct Insurance through email to firstname.lastname@example.org
Please contact the Marketing Department at TMFB on (+92) 21-111-111-004 or email to email@example.com