TMFB, EFU Life collaborate

KARACHI: Telenor Microfinance Bank (TMFB) has joined hands with EFU Life Assurance Limited to launch ‘Kamyab Mustaqbil Plus’, an enhanced version of the bank’s existing mass market product, a statement said on Thursday.
The signing ceremony took place at Telenor Bank’s headquarters in Karachi where executives of both the organisations were present, it added. ‘Kamyab Mustaqbil Plus’ is a Shariah-compliant term takaful plan. Offered in exchange for an affordable annual contribution, it provides takaful coverage for natural or accidental deaths, as well as medical expense reimbursement in case of an accident, it said.
“This partnership furthers our inclusion goals where we strive to provide the underserved with easy and effective access to life’s basic necessities and prepare for its uncertainties,” said Shahid Mustafa, president and CEO of Telenor Microfinance Bank.