Bank Alfalah and Pakistan’s State Life Insurance Corporation recently signed an agreement to improve customer convenience and expand Bank Alfalah’s service offerings.
Bank Alfalah will use its banking network of over 700 branches across Pakistan to handle the cash management of premium and loan instalments on behalf of State Life Insurance Corporation under this agreement. SLIC is one of Pakistan’s largest insurance policy providers, and this convenience will help its customers make fast and painless payments.
Dr Muhammad Sohail Khan Rajput, Chairman of State Life Corporation of Pakistan, and Atif Bajwa, President and CEO of Bank Alfalah, represented the bank. Bank Alfalah and State Life executives were also in attendance.
This collaboration would help Bank Alfalah achieve its goal of meeting and exceeding its customers’ financial needs by introducing value-added products and services.
Atif Bajwa, President and CEO of Bank Alfalah, said, “This is a great achievement for Bank Alfalah, and it is an exceptional honour for us to be further cementing our relationship with State Life.” This arrangement helps companies like State Life to take advantage of value-added goods and boost cash management performance, he said.