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TPL Insurance & UBL Partner to Introduce Installment plans for Auto Insurance Premiums

TPL Insurance, Pakistan’s first direct insurance company, joins hands with UBL, a leading player in the banking and financial services sector in Pakistan. An MoU was signed between the two organizations on the 10th of October, 2019 at the UBL Head Office, Karachi.

The two companies have collaborated to launch ‘Assure Finance’, an insurance premium financing project for mutual customers of TPL Insurance and UBL. In the wake of a 42% reduction in automobile sales in Pakistan, this collaboration aims at providing convenient, affordable and easily accessible Auto Insurance solutions to customers.

Present at the signing ceremony, from TPL Insurance were, Muhammad Aminuddin – Chief Executive Officer, Syed Ather Abbas – Deputy Managing Director, Syed Kazim Hasan – Chief Operating Officer, Aurangzeb Javed Siddiqui – Head of FIG and Waheedullah Shah – Manager Sales, FIG. Representing UBL were Tauqeer Mazhar – Group Head Branch Banking, Shaheryar Saeed Khan – Head of Consumer Banking, Sharjeel Raza Khan – Head of Consumer Loans and Faheem Ahmed Haleem – Product Manager.

This partnership is in line with TPL Insurance’s pursuit of providing seamless insurance services to customers through its 24/7 call center and digitally integrated insurance solutions.