Are you thinking of getting insurance but don’t know which type of insurance to get? Do you have unanswered questions related to life insurance?
Before choosing the top insurance company in Pakistan, you should at least know what to expect from a life insurance plan. Read on for answers to all your questions related to life insurance premiums, the importance of life insurance, and other insurance questions.
So, let’s get into it!
Common Life Insurance Questions
If you’re not yet convinced that life insurance is for you or what plan is right for you, then you’ll probably have the following questions in mind:
1. Why Do I Need Life Insurance?
You need life insurance to protect your family against risk. Even though you may have a savings plan, it may take years before your plan gets enough deposit to secure your family’s future. Life insurance plans are for everyone. Even if you don’t have any dependents yet, starting early may give you better returns and lower premiums.
In the worst-case scenario, if you pass away before your savings plan or investments mature, then insurance will secure your family’s financial security.
2. What Are the Different Types of Life Insurance?
The top insurance company in Pakistan will offer a range of individual insurance plans, including retirement plans, savings, and protection plans, child education plans, investment plans, and much more. Each plan is taken out for different purposes and may require different investment levels.
For example, a retirement savings plan may have a lower maturity age, and a child education plan will cover your family’s school fees when you’re gone. Your plan will often depend on your requirements. Some of the top insurance companies in Pakistan allow you to merge several plans.
3. How Long Does the Typical Life Insurance Premium Take to Mature?
Traditional life insurance plans usually mature upon death. However, some plans have a maturity age which may range anywhere from 50 years to 100 years. If you reach the maturity age, you may get all your premiums back and additional returns, depending on the plan.
When choosing an insurance plan, always check the maturity age before selecting which plan is best for you. If you have a life insurance plan, you may need one with a longer maturity time since life insurance is meant for your family after you die.
However, if you have a retirement plan, you may sync it to mature with your retirement age.
4. Do All Insurance Plans Have Cash Value?
Yes, all insurance plans will have a cash value that gives an approximation of the returns that you’ll get upon maturity. This cash amount will also indicate what your dependents will receive when you pass away.
5. What Isn’t Covered by Life Insurance?
Life insurance plans typically don’t cover medical expenses, funeral expenses, and unpaid debts. You may need separate policies to cover these issues. However, not all insurance plans are the same, and some types of life insurance may even cover your debts.
In these cases, the debt amount will be paid off, and your dependents will only get what’s left from the cash amount afterward.
6. Do Medical Expenses Come Under Life Insurance Plans?
No, medical expenses aren’t usually covered through life insurance. However, since accidents and unexpected medical bills are major risks, you can take out separate medical insurance to cover these. Medical insurance will cover several of your family members and may include surgery costs, hospital costs, and other medical expenses.
7. Does My Age Affect Your Insurance Policy?
Yes, age is a major factor when determining your insurance policy’s returns and monthly premiums. The younger you start, the better returns you’ll get, and you’ll also pay lower premiums. However, while age does matter, other factors are more important. For example, a younger but unhealthy person may have to pay more than an older person with better health.
Your insurance company may conduct health checkups, and your insurance plan will be affected by your current health condition.
8. Why Is My Insurance Premium Different from Others?
Your insurance plan will differ based on several factors, including your health status, age, and other factors. It will also vary according to your lifestyle choices. People working in extreme conditions like the forces or intense environments will have a lower insurance policy.
Similarly, if you are a smoker, you’ll have to pay higher monthly premiums than a non-smoker. So, by living a healthy life, you’ll greatly improve the returns on your life insurance policy.
Lastly, remember that not all insurance policies are the same. The top insurance company in Pakistan will provide you with life insurance plans with the best benefits for the ultimate peace of mind.
Are you thinking of where to invest for a financially secure retirement? Are you concerned that your retirement won’t go smoothly?
Everyone wants to live a happy and relaxed retirement, and most people will have some sort of retirement plan. Unfortunately, retirement often turns out to be very different from what most people envision. Many of these problems arise because of financial mismanagement and poor investments.
You’ll have the best retirement insurance plans in Pakistan for a financially secure retirement. However, relying on a retirement insurance plan isn’t enough to ensure a peaceful retirement.
In this article, let’s look at other factors that will affect how you live in retirement.
What Factors Should You Look at in Retirement?
A peaceful retirement depends on 3 factors: Social life, financial condition, and retirement age. Retiring early, in a strong financial position, and with a good social circle should be your goal.
So, how can you achieve this? Let’s look at each factor in detail:
1. Financial Stability
If you plan on retiring in a stable position, you’ll have to have a proper financial retirement plan. The best retirement insurance plans in Pakistan will help you retire with ease, although you’ll have to choose your plans wisely. However, even the best retirement insurance plans in Pakistan won’t help cover all your financial requirements when you retire.
This is why investment experts recommend investing in different ventures for retirement. You can work this out with your financial advisor. Still, as a general rule, you should have a certain portion in stock or other high-dividend investments and a portion of your income in more stable investments like bonds or property.
Having a balanced retirement savings plan is essential if you want to be financially secure when you retire.
2. Social Life
Social life isn’t something that’s entirely in your control. In many cases, you can’t control who you’re retiring with, but that’s the same case with every interaction in life. So, by cultivating meaningful friendships before you retire, you’ll have a better social life when you finally call it quits.
Another aspect of social life is philanthropic work. Studies have shown that people with more philanthropic endeavors live happier lives when they retire. They also have a bigger friend circle and stay busy doing things that interest them during retirement.
So, whether you choose to volunteer in a children’s home or decide to teach part-time, giving back to the community will help you stay satisfied during retirement. You’ll also stay more active and have a higher life expectancy.
3. Retirement Age
The age at which you retire can play a major role in how well you enjoy your retirement. Many people say that 60 is the optimal age for retirement, but this varies from person to person. If you are really ambitious, then you may choose to retire in your 40s or 50s, which is much sooner than most people. If you prefer to stay busy, you may prolong your retirement age to enjoy work for longer.
However, you should always have a retirement goal that specifies when you want to retire. This may be after 20, 30, or even 40 years, but you should start planning now.
Financially stable retirees aren’t all rich, and not all of them work in high-paying jobs. However, they knew how to manage their finances and created a plan to retire peacefully.
What Else Should You Prepare for in Retirement?
If you’re financially covered with the best retirement insurance plans in Pakistan, then half of your worries will already be covered. However, you’ll have to consider a few other factors when you retire. These include:
– Make Sure You Have Adequate Health Insurance
Health insurance is absolutely necessary for retirees. Whether you have state-sponsored health coverage or you invest in a reliable health insurance plan, it’s important that you’re always prepared for any health emergency costs. Since most retirees will need some form of medical care when they’re older, you should never compromise on your health insurance.
– Making Sure Your Loans and Outstanding Assets are Paid Off
This is much harder than it sounds, but so is living with interest obligations. If you have to spend a large position of your retirement income on paying off loans, how will you enjoy your retirement? Always try to finish your loan obligations and only retire once major loans are paid off.
– Plan on How You’ll Spend Your Time
The busier you are during retirement, the fewer things you’ll have to worry about. Make a plan on what you’ll do and create a set of weekly or monthly activities. Also, create a to-do list to help you spend your retirement time more constructively.
The sooner you start planning for retirement, the better your retirement will go. So, take out the best retirement investment plans in Pakistan, plan on what you’ll do after retirement, and cultivate a strong social circle to keep you company for a fuller, happier retirement.
Suppose you’ve secured your future by taking out retirement insurance or covering your family’s medical costs through accident insurance. In that case, you’ll be well-covered in case of risk.
But, what about your children? Since your insurance may only last to sustain their education or marriage costs when you’re gone, is there anything else you can do to ensure their financial future is secure?
This is why you should take out child insurance from the best child insurance company in Pakistan. Children’s insurance plans come in different types ranging from education plans to marriage plans and much more.
Read on to learn about different types of plans offered by a children’s insurance company in Pakistan and the benefits of taking out insurance for your children.
What Types of Insurance are Available For Children?
Before we look at the benefits of taking out insurance for your child, let’s first look at the types of insurance coverage available for children. Child insurance can be divided into 3 groups, namely:
1. Child Education Insurance
This is an insurance plan that you’ll take out during your lifetime to secure your child’s educational future when you’re gone. School, college, and university fees can be expensive and may eat into your savings when you’re alive. However, what will happen to your child’s education when you’re gone from this world.
In some cases, a good children insurance company in Pakistan will offer child education insurance that covers school, college, and university fees. So, even if you’re not around, your child will get the quality education they need to move forward in life.
2. Child Marriage Plans
Marriage insurance plans are taken out to cover the marriage costs of your children. Marriages often take up a sizable part of one’s savings, and without a parent around, it can be a problem for the children to cover their marriage expenses.
A good marriage insurance plan will cover the child’s marriage expenses up to a certain amount if you pass away before the occasion. Some plans may even give a lump sum to the child to cover for life after marriage as well.
So, if you’re concerned about what will happen to your child’s future if you pass away, then a marriage insurance plan may relieve some of the stress.
3. Life Insurance or Takaful Plans
Life insurance and takaful plans are designed to cover your child’s living expenses when you pass away. If you’re the breadwinner in the family, it’s only natural to want your children to be financially secure when you’re gone. For this, you can take out life insurance that covers day-to-day expenses.
Some Takaful plans may pay a lump sum or quarterly installments, while other insurance plans may provide your family with monthly payments when you’re gone. It’s similar to the way a retirement or pension plan covers your expenses when you retire.
Whether you need education, marriage, life, or even all three, make sure you choose a reliable child insurance company in Pakistan for the best plans.
Benefits of Child Insurance
Each type of child insurance plan has different benefits, and this will depend on your premiums and a specific plan. If you’re thinking about taking out insurance for your children, consider these benefits:
1. It Keeps Their Education Secure
Every parent wants their child to get the best possible education. Child education insurance will ensure that they get a quality education if you pass away.
2. Your Children Won’t Have To Worry about Marriage Expenses
Insurance can cover all the marriage expenses of your children when they grow up, giving you peace of mind that their future is secure.
3. Your Children Will be Financially Secure
Most importantly, a good child insurance plan will cover your children’s living expenses when you’re gone. Isn’t it better to leave your children in a financially stable position when your leave this world?
4. You’ll Be at Peace to Live Your Life Carefree
If you’re worried about how your children will cope when you’re gone, then having insurance eases some of this stress. Knowing that your children’s financial future is secure allows you to live your life peacefully and carefree.
5. Insurance Plans are Great Savings Option
Saving for your children’s education or marriage can take a heavy toll on your budget, especially if you’re unsure of their financial safety when you’re gone. If you have an insurance plan in reserve, you can count it as part of your savings.
It’s also a great way to ensure that you don’t use the children’s fund for other expenses, making it a much better savings option than putting your money away in the bank.
So, next time you’re worried about your children’s financial future, get the best child insurance from a reliable child insurance company in Pakistan. You’ll also get many other types of general insurance, so you may want to consider covering your children under a medical insurance plan as well.
Are you looking for the best insurance policy to ensure your family is covered when you’re gone? Are you considering different investment options to guarantee your family’s financial safety?
Every responsible person wishes that their family is financially secure when they leave this world. This is why you should consider getting the best family protection insurance in Pakistan.
Wondering what is family protection insurance, why is it necessary and how can it benefit you? Also, is insurance better than other investments?
This guide will answer all your questions related to family protection insurance in Pakistan!
What is Family Protection Insurance?
Family protection insurance is a form of life insurance that helps cover your family when you’re gone from this world. Think of it as an investment that guarantees a great return that matures when you pass away.
The best family protection insurance in Pakistan will help cover your family’s living expenses in the unfortunate case that something unexpected happens to you. There are different types of family insurance in Pakistan, but all of them are created to protect your loved ones from risk when you pass away.
If you’re looking for the best family protection insurance in Pakistan, then make sure you understand different plans, their returns, and other important insurance factors.
Popular Types of Family Insurance Plans
Not all family protection insurance plans in Pakistan are the same. Each plan has different benefits and investment requirements, which depend on your needs. So, what are the different types of family insurance plans?
Here are 3 of the best insurance plans that offer the best level of financial protection to your family:
1. Term Insurance Plans
Term insurance is essentially a life insurance plan that allows you to prepare for risk. With this plan, you’ll decide on a “term” or duration of the insurance policy, after which the insurance company will payout.
However, in the unfortunate case that you die before the plan expires, your family will get full insurance coverage. This is one of the most popular insurance plans and allows you to cover many family members.
It’s also a great way to manage risk and gives you peace of mind knowing that your family will get full financial coverage when you’re gone.
2. Vision For Financial Security
If you are concerned that “regular” insurance or savings won’t cover your family completely, then consider the vision for a financial security plan. This plan is designed to merge insurance benefits with investment options, allowing you to get higher returns and secure your family’s future.
You’ll be offered the option of smart stock investments and different investment strategies which you can pursue to balance risk and returns. Choose between secure, conservative, balanced, aggressive, and sharia-compliant investment strategies to ensure that the value of your insurance plan increases over time.
Pro Tip: Always change your investment strategy with age. If you’re older and cover many family members, then try a more conservative investment strategy. Otherwise, the balanced strategy will provide optimal returns with manageable risk.
3. Super Saver
Do you have a large amount of money that you want to set aside for your family when you die? Whether you’ve just sold a property, got your pension, or received an inheritance, the smart thing to do is to put your money aside for your family’s future.
If you are willing to invest a one-time sum in your family’s future, then consider the super saver plan. This plan is essentially a savings plan that ensures your money will only be used for your family when you die.
Think of it as a bank account that you can’t easily withdraw from!
The best insurance company in Pakistan will provide different investment options along with a savings plan, so you can be assured of getting returns that beat inflation.
Is a Family Protection Plan Enough to Secure Your Family’s Future?
While insurance is a great way to secure your family’s financial future, it’s never good to rely on one insurance plan. Always invest in other ventures or take out insurance plans that cover other risks such as medical insurance or accident protection insurance.
As the saying goes “don’t put all your eggs in one basket”!
However, always first invest in the best family protection insurance in Pakistan as it’s essential to secure your family’s financial safety. It also contains the least risk and doesn’t come with a specified time limit.
For instance, when investing in stocks or business ventures, you’ll have to wait before getting a return on investment. However, with insurance plans, your family will be covered even if you pass away one day after taking out the premium!
So, if you want to secure your spouse and children’s financial future, invest in the best insurance premiums today!
Do you want your child to have the wedding day of their dreams? Are you concerned about how you’ll pay for the marriage expenses?
If so, then you are not alone! Every parent wants to give their children the best marriage possible. Unfortunately, the costs of weddings in Pakistan can be a burden for many parents, which leads to many compromises.
Fortunately, with the best marriage insurance policy, you’ll never have to worry about marriage expenses again! A good plan for marriage insurance in Pakistan will give both you and your children peace of mind so you can truly enjoy yourselves on the big day!
So, what is a marriage insurance policy? What does it cover and how can it help you prepare for your children’s marriage? Read on to find out!
What is Marriage Insurance?
There are different types of marriage insurance, but all these plans aim to support you and your children with marriage expenses or related costs. For instance, a marriage insurance policy will be an investment plan that matures at the time of marriage.
Investing in insurance when your child is young will let you reap amazing benefits at the time of their marriage. Some insurance plans will be designed to cover all marriage-related expenses, while others may provide the policyholder with a lump sum when the policy matures.
So, a good marriage insurance policy can double up as a reliable savings plan that gives you peace of mind knowing that your children are financially secure.
What to Look for When Choosing a Marriage Insurance Policy?
Different insurance policies may have different requirements, which is why your benefits won’t be the same as anyone else. So, how can you be sure that you are getting the best insurance policy?
Here are some tips to help you choose the best plan for marriage insurance in Pakistan:
1. Start Investing Early
Investing in a marriage insurance plan is just like any other investment. The earlier you start, the better your returns will be. This is why it’s important to plan for your child’s marriage as early as possible.
The earlier you invest, the bigger your end payout will be, especially if you’re investing in a good marriage insurance policy. Always choose a plan that gives the option of accumulated returns, which means that instead of getting a specified payment, you’ll get returns based on how long you invest.
So, what if your children are already older and they are close to marriage age?
In that case, you’ll still get an insurance premium if you choose the best marriage plans company in Pakistan, although the returns will be lower.
2. Get a Plan with Cancellation Coverage
In some cases, you may have already arranged for a wedding, but due to unforeseen circumstances, the marriage may be postponed or canceled. This results in a major financial loss, which might be covered by your insurance policy.
So, if you have a marriage insurance policy that covers all marriage costs, make sure there’s liability insurance factored into this.
3. Decide on a Maturity Limit Beforehand
When choosing a good insurance plan for wedding planning, you’ll have to decide on a maturity limit. However, choosing the exact date is often difficult, which is why you should avoid plans that aren’t flexible.
Some insurance companies will ask you to set a date for the withdrawal of your funds. However, what if your child gets married before or after the plan expires?
To avoid these situations, try to get a plan that offers a flexible way out if you want to withdraw the accumulated balance before the predetermined date. Life can be unpredictable which is why you should always choose flexible insurance plans.
Do You Need Marriage Insurance?
Many people in Pakistan may rely on savings or relatives in case things go wrong. However, while saving for your child’s marriage is good, what will happen in the unlikely event that something happens to you before you’ve saved enough for their marriage?
Here are some ways in why a good insurance plan is important:
It Minimizes Financial Impact of Death on Child’s Marriage
This is where marriage insurance plays an important role. A good insurance policy will help you manage the risk of death or injury, so you can be at peace knowing that your children are financially secure after you leave this world.
It Helps Keep Your Children Financially Stable
Insurance is a good way to keep your children financially stable in case something happens to you. Whether this comes in the form of unexpected loss through death or injury, you should always leave your children in a better financial position when you exit this world.
It Gives You Peace of Mind
Lastly, insurance premiums give you peace of mind knowing that your children are covered after you’re gone. No price can be put on the peace of mind that you get from knowing you’ve secured your child’s future!
When it comes to insurance, many people are unaware of what they require. Getting the best insurance in Pakistan is only possible if you know about the various types of insurance policies and their benefits.
The best insurance company in Pakistan will offer you a range of insurance plans including health insurance, medical insurance and other insurance plans. However, not everyone needs all these plans, so it’s always best to choose only those that are beneficial for you.
So, which insurance plans are necessary and how will they benefit you? Read on for the complete guide on essential insurance policies.
Why Do You Need Different Insurance Plans?
The main concept of insurance is to protect you and your valuables from risk. Whether its health insurance that covers your medical expenses or life insurance that will benefit your family when you’re gone, different insurance premiums are created to cover different types of risk.
Fortunately, the best insurance company in Pakistan will offer you different plans to cover all possible risks. Insurance is also about getting the right savings and investment plan for your future. Therefore, different insurance plans can help you reduce the risk of getting hit hard financially by unexpected occurrences.
However, some insurance plans are not necessary for everyone. For instance, you won’t need corporate or freight insurance if you don’t have business assets. Similarly, you won’t need family insurance if you don’t have a family!
So, which insurance plans are essential? Here are 5 insurance premiums that everyone should have:
1. Life Insurance
Have you ever wondered what would happen to your family once you’re gone? You’ve probably set up a savings account for them to cover living expenses, school fees or even marriage expenses.
Unfortunately, most of these investment or savings plans require time to reach maturity. However, what if you face an unexpected accident or worse before that? While its always best to hope for the best, you should still prepare for the worst.
This is where a good life insurance plan can be beneficial. The best insurance company in Pakistan will provide you with health insurance that covers all your family’s needs when you’re gone. So, in the unfortunate event that something happens to you, you’ll be at peace of mind knowing that your family is safe!
Health insurance plans are often paid either in a lump sum or over a few months of equal installments, so you’ll be assured that your family is covered financially when you’re gone.
2. Health Insurance
Unexpected health issues can cause many people major financial troubles.
With the rising costs of good healthcare, many people often end up taking loans to cover their health expenses. In the unexpected event that you or a close family member develops a health problem that require surgery or expensive medical coverage, you’ll need proper insurance to cover the costs.
A reliable insurance company in Pakistan will help cover all your costs related to healthcare. The best health insurance plans will cover several of the highest medical costs including hospital expenses, surgery costs, doctor’s fees and other expenses. This way, you’ll never have to worry about losing all your savings because of an unexpected medical emergency!
3. Car and Vehicle Insurance
With so many road accidents happening daily, the risk of something happening to your car or vehicle is quite high. Most people have invested significant portion of their earnings on their vehicles and in the case of an accident, the repair costs may eat up your budget. While small repairs are often manageable, what happens if your vehicle is wrecked in a major accident.
The best insurance company in Pakistan will help you cover all these expenses in case your vehicle gets damaged. However, your car insurance premiums will often depend on the vehicle type and whether you have a history of bad driving or not.
4. Disability Insurance
While life insurance is a great option for providing financial support to your family when you’re gone, what if you are injured? Many families may suffer financially because the breadwinner is unable to work due to an injury.
The good news is that the best insurance company in Pakistan will have a solution for that too! By taking our disability insurance, you’ll be able to secure your family’s future in case of disability.
5. Property Insurance
Protecting your valuables from risk is important, especially if you live in an area where damage or displacement of your assets is a possibility. This is why the best insurance company in Pakistan will offer home or property insurance protecting your home in case of natural disaster, fires, or other risk.
These plans may also include asset protection, which will cover your loss in case your valuables are stolen or damaged.
So, next time you are looking for these essential insurance premiums, make sure you choose a top insurance company in Pakistan for the most affordable premiums.
With doctors’ fees, operations, and medication becoming more expensive each day, it’s getting difficult for many people to afford major health expenses. So, what should you do in the case of a health emergency?
If you’re like most people, you’ll probably end up taking a loan in case any health-related emergency arises for you or your family. However, you’ll never know how long the treatment process takes, which is why you may end up taking additional costs for further medical expenses. Some people have even sold their homes just to cover their medical expenses!
So, what’s the best way to prepare for a health-related emergency? The answer is simple: choose the best health insurance in Pakistan.
What’s a Health Insurance Plan?
Most people know about life insurance, which covers your family in case of unexpected loss of life, but very few people in Pakistan know the benefits of health insurance. Health insurance is insurance taken out to cover your medical expenses in case of health emergencies, operations, or if you develop a serious medical condition that requires expensive treatment.
Depending on your insurance plans, health insurance will help cover your doctors’ fees, hospital fees, treatment fees, operation fees, and sometimes even medication fees.
With the best health insurance plans, you’ll never have to worry about losing your savings in case of an unexpected health emergency.
Best of all, you can even take out insurance that covers your immediate family members as well!
So, what should you look for in a plan for health insurance in Pakistan? With so many health insurance premiums to choose from, how can you choose the best plan?
Here are some questions to ask a health insurance company in Pakistan for the best insurance plans:
1. What Does the Health Insurance Plan Cover?
The first thing that you should ask any insurance company is what the insurance plans cover. This may include operation fees, doctors’ fees, hospital stay fees, etc. However, different plans cover different aspects and this often depends on your current health status.
The insurance company will likely schedule an interview with you asking you about your medical history, whether there are any genetic illnesses that you or a family member suffers from, and other similar questions. They may also ask you to provide a doctor’s report that will help them determine what to cover in the plan.
When applying for health insurance in Pakistan, it’s important to be completely open and honest about your medical history so that you can get the best possible plan.
2. What Will the Monthly Payments be?
Once the insurance company makes a profile based on your medical history and current health status, they will create a plan designed to provide you with the best possible coverage. Once this is done, they will communicate the monthly payments with you.
When applying for medical insurance in Pakistan, always choose the best insurance company for affordable health insurance. However, keep in mind that your monthly payments are often affected by the level of coverage and a small increase in the amount you pay monthly may give you access to a wider range of benefits.
3. What Fees Aren’t Included in the Plan?
Health insurance doesn’t cover everything, so don’t expect it to. While the best health insurance may cover most fees related to a medical emergency including operation fees and hospital fees, there may be some things that you have to pay out of your pocket.
For example, many insurance plans don’t include medication fees, so make sure to take note of all these costs.
4. Compare Different Health Insurance Plans
When it comes to finding health insurance that suits you, you’ll have to do some research.
If you live alone, you may only need an individual health insurance plan. However, if you have a large family, you’ll be more content with a family insurance plan.
Similarly, you’ll have to choose between accident insurance plans, disability insurance, and other options. Finding the best health insurance in Pakistan is easy if you have more options to choose from, so choose a company that provides you with different options.
5. Ask Whether There is Flexibility in the Plan?
Some insurance companies go extra mile for their customers and allow them to get discounts on their premiums based on their dietary choice and lifestyle. If you enroll in their Vitality programs, you’ll end up getting discounts on the health insurance premiums.
Best of all, you’ll improve your health and life habits in the process!
So, next time you are looking for the best health insurance in Pakistan, don’t hesitate to ask the questions that matter.
IGI Life under its Window Takaful Operations and Standard Chartered Bank signed a Bancatakaful Distribution agreement under which IGI Life’s takaful products will be distributed using Standard Chartered Bank’s branch network. The signing ceremony was held at Standard Chartered Bank’s head office in Karachi on Thursday, May 11, 2017. Standard Chartered Bank was represented by its Chief Operating Officer (Pakistan) Mr. Shahzad Dada. While IGI Life was represented by its Dy. Chief Executive Officer Mr. Nadeem R. Malik, Head of Window Takaful Operations Dr. Bakht Jamal and Head of Business Development – Bancassurance Ms. Samira Omer. Other senior officials from both the organizations were also present on the occasion.