TPL Insurance & TPL Life Sign an Agreement with Soneri Bank


Karachi: 11th March 2019 – TPL Insurance and TPL Life are Pakistan’s leading enterprises in innovative insurance business and have signed a ‘Master Agency Agreement’ with the prestigious Soneri Bank Limited.  The partnership will provide customers with coverage of vehicles by TPL Insurance, while their life-risks will be covered through the TPL Life Bancassurance product.

The agreement was signed at a ceremony held at Soneri Bank – Karachi to commemorate the partnership aimed at expanding insurance and banking collaborations in the market. The three partners aim to work cohesively and in future hope to explore many other avenues of business to generate more benefits and accelerate business growth.

Mr. Muhammad Aminuddin – CEO, TPL Insurance said, “We are pleased to partner with Soneri Bank in our efforts to expand the insurance outreach and combine our strengths to create innovative insurance products for the consumers. I am confident that this alliance will facilitate Soneri Bank customers to the fullest and we will continue to enrich this collaboration with more value-added services.”

Soneri Bank offers world-class banking services with its presence and comprehensive network of 291 branches spread across all the big cities and commercially important towns of Pakistan. It also operates 21 Islamic banking branches and over 300 ATM machines in the country.

Mr. Amin A. Feerasta – Executive Director, Soneri Bank expressed his delight on this strategic alliance stating,  “we are proud to announce our partnership with TPL insurance for combining our strengths and bringing value added products for our customers. Soneri Bank with its ethos of Roshan Har Qadam has always strived to bring betterment to the life of its customers and these innovative solutions is a step forward in enriching the lives of many. We look forward to bringing new collaborative products in the future”.

Speaking at the occasion, Mr. Faisal Abbasi – CEO, TPL Life said “Developing innovative insurance products for the Pakistani Market has been the hallmark of our existence. This alliance with Soneri Bank will go a long way in providing tailor made insurance solutions for the bank’s customer base – especially for consumer segments that seek quality financial security ambit for themselves and their loved ones on a regular basis.”

During the signing ceremony, Mr. Aminuddin, Mr. Feerasta and Mr. Abbasi were accompanied by their companies’ senior officials, including: Mr. Syed Ather Abbas – Deputy Managing Director, TPL Insurance, Mr. Aurangzeb Siddiqui – Head of FIG, TPL Insurance, along with Mr. Humayoon Asghar – Head of Business Solutions and innovation, TPL life and Mr. Muneer Khan – Head of Commercial and Corporate Business, TPL Life. Soneri Bank was represented by Mr. Mohammad Aftab Manzoor – CEO, Mr. Mirza Zafar Baig – CFO, Zulfiqar Lehri – Head of Consumer Banking, Mr. Muhammad Qaisar – Head of Corporate & Investment Banking and Mr. Shahid Abdullah–Head of Treasury, Capital Market, PRI & FI.



About TPL Insurance: TPL Insurance is the first insurance company in Pakistan to sell general insurance products directly to the consumer. Since launch in 2005, the company has grown from strength-to-strength, delivering superior and hassle-free Insurance producrts to individual & corporate clients. TPL Insurance currently provides a complete range of innovative insurance solutions. https://tplinsurance.com

About TPL Life: TPL Life offers an extensive suite of life and health insurance solutions to address a range of segments including corporate, retail, micro-health and e-commerce digital consumers. Our life and health insurance and savings solutions aid you at every stage of life, ensuring your protection and giving you access to better healthcare, while  helping you secure your dreams for the future, and providing a financial cushion for any unforeseen life event, accident, or illness. www.tpllife.com