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Home » Quetta

TPL Life, Mobilink Microfinance Bank enter into a strategic alliance

August 10, 2017

QUETTA: TPL Life and Mobilink Microfinance Bank Ltd. (MMBL) have inked an agreement whereby TPL Life’s innovative life insurance and health insurance products will be available through Mobilink Microfinance Bank branches.

TPL Life offers an extensive suite of life and health insurance solutions to address a range of segments including corporate, retail, micro-health and e-commerce digital consumers. Our life and health insurance and savings solutions aid you at every stage of life, ensuring your protection and giving you access to better healthcare, while helping you secure your dreams for the future, and providing a financial cushion for any unforeseen life event, accident, or illness.www.tpllife.com

About Mobilink Microfinance Bank Ltd.: Mobilink Microfinance Bank Limited (MMBL) is the 10th licensed microfinance bank in Pakistan by State Bank of Pakistan under ‘Microfinance Institution Ordinance 2001’ and is 6th bank having nationwide operating mandate. MMBL started its operations on May 2, 2012. This new Microfinance Bank has been established at a critical junction in the evolution of the microfinance industry in Pakistan. For the last 3 decades, microfinance has largely been dominated by relatively weak and unsustainable institutions focusing on the traditional micro credit, but with the evolution in branchless banking and impact of technology in the banking sector, a lot more focus is now headed towards the gaining the strategic advantage of covering outreach through mobile banking products.

Speaking on the occasion, Mr. Faisal Abbasi, CEO, TPL Life while shedding light on the importance of insurance products designed for the needs of the common man said, “Since our inception, we have made it a point to be at the forefront of product innovation in the insurance industry. Our products available through MMBL are tailor made to cater to the loss protection needs of less privileged of our nation.” He further shed light on the importance of insurance products which address the needs of common man.

CEO Mobilink Microfinance Bank Ghazanfar Azzam emphasized on the strategic vision of the bank and how it will revolutionize the industry as well as add phenomenal value to Pakistan’s economy and said “It is our mission to develop financial solutions for the economically underprivileged of the society. This alliance is another thread in that loop. We see a huge potential in microfinance and how it can revolutionize the banking industry and will continue to develop state of the art products and services to stay ahead in harnessing Pakistan’s economy.”

TPL Life provides innovative life and health insurance products, which adhere to international standards and address the divergent needs of Pakistanis. The company came into existence with a mandate of providing top-notch quality and affordable insurance solutions based on the strength of their seasoned professionals.

Mobilink Microfinance Bank Limited (MMBL) is a leading microfinance bank of Pakistan, backed by VEON, a global telecom giant. MMBL aims to reach out to the vast majority of people of Pakistan who remain financially excluded, by leveraging digital and allied technologies, thus contributing in the promotion of financial inclusion.

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