Faysal Bank one of the leading banks of Pakistan has entered into two agreements with EFU Life Assurance Ltd to offer additional EFU Life Assurance products to its existing and potential customers through its widespread distribution channels, it has been reported. The products will include both Conventional and Takaful Plans.
Prominent features of the products are Shariah Compliant saving mechanism with significant Takaful coverage and multiple optional protection riders to provide additional coverage. Furthermore, the investments are directed to Shariah Compliant Investment Funds.
The Agreement was signed by Mr. Fouad Farrukh, Head Retail Banking Faysal Bank Limited and Mr. Taher G. Sachak, Managing Director EFU Life at Faysal House – Faysal Bank Head Office in Karachi. The ceremony was also attended by senior officials of both organizations.
Mr. Fouad Farrukh at the launch ceremony was reported to have said, “With the beginning of the new year, we aim to further expand our Wealth Management offerings to cater to our clients’ expectations and provide customized financial solutions for every need.”
Signing the agreement with EFU Life is a step forward in the direction of strengthening the franchise. Fouad further added that the organisation management is confident that their mutual association and cooperation with EFU Life is likely to strengthen the business relationship between Faysal Bank and EFU Life Assurance.