Muhammad Aminuddin – CEO, TPL Insurance (sitting on right), and Raja Sohail Siraj, Head Retail Banking – HBL Islamic (sitting on left) signed the agreement. Senior members from respective organizations were also present at the occasion.
Standing From left to right:
Fariyah Khan – Manager strategy & Governance, Waqas Hussain – Business Planning Manager, Majid Khan – Manager Sales FIG, Khurram Farooq – AVP Motor Sales FIG, Aurangzeb Javed Siddiqui – Head of FIG, Muhammad Asad khan- Head Distribution Islamic Banking, Mudassir Niazi – Head Consumer Banking, Syed Jibran Ali – Head Car Finance Islamic Banking, Sana Kumail – Product Manager Islamic Banking
Karachi – 19 September 2023: TPL Insurance – WTO, a leader in premium insurance and Takaful services, is excited to announce a strategic collaboration with HBL Islamic Banking. This partnership is set to redefine Takaful coverage for HBL Islamic Car Finance clients, delivering top-tier Auto Takaful solutions to the Pakistani market.
A key feature of TPL Insurance – WTO’s Takaful services is immediate policy issuance, ensuring prompt coverage for clients. Another essential aspect is risk mitigation through Islamic insurance, also known as Takaful services, for non-life businesses. This approach aligns seamlessly with ethical principles in accordance with Islamic rules.
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Muhammad Aminuddin, CEO – TPL Insurance – WTO, expressed his enthusiasm for this partnership, stating, “The collaboration between TPL Window Takaful Operations with HBL – Islamic Division is a welcome Takaful solution for existing and new customers to avail Pakistan’s best Auto Takaful coverage as well as a new feature added to HBL Islamic CarFinance. I am pleased to say that the partnership further strengthens ties between HBL and TPL Insurance.”
Raja Sohail Siraj, Head Retail Banking – HBL Islamic, also shared his thoughts on this alliance, saying, ” This partnership highlights HBL Islamic Banking’s commitment to support its clients’ strategic needs. We are poised to reshape the Takaful landscape and deliver unparalleled value and service to clients. With tailor-made financial solutions, we will continue to maintain our lead as the eminent Islamic Banking player in the industry.”
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.
HBL was the first Pakistani commercial bank to be established in Pakistan in 1947. Over the years, HBL has grown its branch network and maintained its position as the largest private sector bank in Pakistan with 1750+ branches, 2200+ ATMs, 55,000+ Konnect by HBL agents (branchless banking platform), 47,000+ QR locations serving over 36 million clients worldwide. It is currently the largest Domestic Bank with a presence across major trade zones in the world. The Bank is recognized as the leading financial institution of the country for its client-centric innovation in financial services.