IGI-Life under its Window Takaful Operations and Soneri Bank signed a Bancatakaful Distribution agreement under which IGI Life’s takaful products will be distributed using Soneri Bank’s branch network. The signing ceremony was held at Soneri Bank’s head office in Karachi on Wednesday, September 21, 2016.
Soneri Bank was represented by its Chief Operating Officer Amin A. Feerasta and Head of Bancassurance Afzal Shah. While IGI Life was represented by its Dy. Chief Executive Officer Nadeem R. Malik, Head of Window Takaful Operations Dr Bakht Jamal, Head of Bancassurance Sales Saqib Burney and Manager Special Projects and New Initiatives Khalid Qureshi.
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Soneri Bank has a unique market position in trade-finance and transactions banking services and boasts a loyal and satisfied client-base in all its 277 branches all over the country. The Bank is committed to meet the increasing expectations of its customers and continue to provide them par-excellence services.Following the Takaful Rules 2012 issued by SECP the conventional life insurance companies were allowed to commence Window Takaful Operations. IGI Life was amongst the pioneers to embark upon the Family Takaful venture. IGI Life believes that this initiative will help in improving the acceptability of financial security amongst the society particularly in segments who have apprehensions about conventional insurance. By virtue of our Window Takaful Operations License, innovative family takaful products are solutions are available for our customers which are 100 % Shari’ah compliant. List of products available through our Window takaful operations include