Standard Chartered, EFU General Insurance launch home protection plan
Standard Chartered Bank’s partnership with EFU General Insurance Limited has resulted in the development of a new annual insurance product – Home Protection Plan.
As the Bank continues to invest in technology and innovation, the Home Protection Plan, underwritten by EFU General will cover customers against loss in the event of burglary, fire, flood, earthquake and other perils.
Mohsin Ali Nathani, Chief Executive, Standard Chartered Pakistan commented, ‘EFU General Insurance adds another financial solution to our product suite for customers. We are proud to distribute this insurance plan through our platform thereby providing our customer base with need-based insurance solutions.’
This collaborative insurance product creates an added opportunity for customers to avail the policy coverage under two plans – Basic Plan and Plus Plan – for their home structure & contents, cash, jewellery, accidental death, and lost/stolen documents.
Under the agreement, the insurance plan will be distributed through the Bank’s branch network of 121 branches across 24 cities.
“We realise that customers today face an increasing trend of unfortunate events and we are proud to have developed a product that can help the affected families recover,” said Hasanali Abdullah MD, EFU General Insurance Limited at the signing ceremony