JS Bank Limited, one of the fastest growing and most dynamic banks in Pakistan has recently inked a new strategic partnership with Allianz EFU, the leading health insurance provider in Pakistan.
To launch this new partnership, an agreement was signed by Mr. Kalim-ur-Rahman, President and CEO of JS Bank, and Mr. Taher G. Sachak, Vice Chairman, Allianz EFU, at the Head Office of the Bank in Karachi. The signing ceremony was attended by members of the management teams of both organizations.
Under the new partnership agreement, JS Bank will offer customers the health insurance products of Allianz EFU at all its branches which number over 160 in over 80 cities across Pakistan. The very first of these products is titled “SehatSarmaya”. It is an inpatient hospitalization health insurance plan for the entire family and covers a whole gamut of health insurance concerns ranging from OPD expenses to hospitalization. The plan offers a wide variety of coverage options to the customers. It has flexible pricing, thereby ensuring that it can meet the needs of all types of customer segments.
Speaking at the signing ceremony, Mr. Kalim-ur-Rahman, President and CEO, JS Bank stated, “the launch of this new initiative between JS Bank and Allianz EFU is a partnership that has great promise. Both Allianz EFU and JS Bank have a vision of providing innovative products to their customers which are beyond what is ordinarily available in the market. The launch of SehatSarmaya is just the first of these products in our comprehensive bancassurance suite which includes a multitude of options including life insurance as well as investment plans. In time, I look forward to more products from Allianz EFU further enriching the suite of products which we can provide to our rapidly growing customer base across Pakistan”.
Commenting on the bright prospects of the new partnership agreement, Mr. Taher G. Sachak, Vice Chairman, Allianz EFU elucidated, “The launch of SehatSarmaya is a well-timed product launch for JS Bank as the rising cost of healthcare is becoming a concern for all major consumer segments. Being Pakistan’s leading health insurance provider, Allianz EFU is best positioned to provide impeccable service to JS Bank’s growing customer base across Pakistan through a wide range of leading healthcare establishments as well as a broad network of practitioners. Added to that is the flexibility in the product which makes it possible for all types of customer segments to customize their healthcare plans in line with their needs and budgets”.
