Telenor Microfinance Bank has joined hands with EFU Life Assurance Ltd. to launch \u2018Kamyab Mustaqbil Plus\u2019, an enhanced version of the Bank\u2019s existing mass market product. The signing ceremony took place at Telenor Bank\u2019s headquarters in Karachi where executives of both organizations were present.<\/p>\n
\u2018Kamyab Mustaqbil Plus\u2019 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.<\/p>\n
\u201cThis partnership furthers our inclusion goals where we strive to provide the underserved with easy and effective access to life\u2019s basic necessities and prepare for its uncertainties,\u201d said Shahid Mustafa, President & CEO, Telenor Microfinance Bank while speaking at the ceremony. \u201cWith this partnership, we aim to extend the maximum possible benefits of Shariah-compliant form of insurance that Pakistanis demand, securing their futures and helping them better plan their lives,\u201d he added.<\/p>\n
Speaking on this occasion Mr. Taher G. Sachak, Chief Executive Officer and Managing Director of EFU Life, said, \u201cIt gives me immense pleasure to sign this agreement as it further strengthens EFU Life\u2019s relationship with Telenor Microfinance Bank. With the launch of \u2018Kamyab Mustakbil Plus\u2019, we aim to increase our outreach to even more segments of the society. Inclusive insurance is one of the key strategic pillars of EFU Life & I am happy to witness that both organizations are working closely to enhance the financial safety net for the masses.\u201d<\/p>\n
\u2018Kamyab Mustakbil Plus\u2019 offers highly flexible subscription plans of up to 10 units with each unit costing just Rs. 700. The plan is valid for one year from the date of premium contribution payment. All Easypaisa customers aged 18-64 can avail the product.<\/p>\n
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