Karachi (Nut Desk)
Bank Alfalah partners with Jubilee Life Insurance for 24×7 Cash Collection through largest CDM Network of Pakistan
Bank Alfalah Limited (BAFL), the country’s leading financial institution and Jubilee Life Insurance Company Limited (JLICL), Pakistan biggest private sector insurer have come together, and signed an MOU for round the clock cash collection through Bank Alfalah CDM network. The signing ceremony was held at Bank Alfalah’s Head Office in Karachi. With the help of this integration, JLICL customers and sales force will be able to deposit their insurance premiums / contributions in real-time through CDM (Cash Deposit Machine) in a secured manner.
Bank Alfalah Limited partners with Jubilee Life Insurance to offer 24/7 cash collection services for online premium payments via Pakistan’s largest Cash Deposit Machine (CDM) network. Present at the signing ceremony were from left to right (Front Row), Atif Bajwa, Chief Executive Officer, BAFL and Javed Ahmed, Managing Director & CEO, Jubilee Life Insurance. From left to right (Back Row): Mohammad Hussain, Head – Digital Channels, BAFL, Muhammad Faraz Uddin Sheikh, Product Head – Channels & Partnerships, BAFL, Muhammad Yahya Khan, Group Head – Digital Banking, BAFL, Omer Farooq (Chief Financial Officer, Jubilee Life Insurance, Sohail Fakhar, Group Head – Corporate Business & Bancassurance, Jubilee Life Insurance, and Zohaib Shahid, Manager – Digital Products, BAFL.