Amal Takaful Plan launched

KARACHI: Habib Bank Limited and Jubilee Life have signed an agreement to launch “AMAL”, a term life takaful proposition, a statement said on Thursday.

Amal is a “pure protection” plan and provides coverage in the case of death. The product is in line with the bank’s objective of offering products based on customer needs. This product will cater to a very large segment of the population, it added.

Muhammad Aurangzeb, president and CEO of HBL said: “Customer centricity is one of the HBL’s key strategic priorities. I believe that with the launch of Amal, HBL and Jubilee Life are empowering customers further with an effective option to meet their financial needs.”

“The product will add to the many ways HBL is demonstrating its commitment towards financial inclusion for all segments of the society.”

Javed Ahmed, MD and CEO of Jubilee Life Insurance, said: “At Jubilee Life, we have always strived for creating customised plans for our valued customers, which will aid in providing them adequate support wherever required.”