TPL Life, a leading insurtech in Pakistan, has partnered with Mobilink Microfinance Bank Ltd. (MMBL), Pakistan’s largest digital bank to launch “Corona Tahaffuz,” an insurance product designed for MMBL’s customers and will be available through the banks’ branches across Pakistan.
Following the collaboration, MMBL customers will have access to comprehensive insurance coverage for themselves and their families, a cash benefit of Rs. 7,500, as well as Rs. 1,500 per day quarantine benefit in-case of a COVID-19 diagnosis. Corona Tahaffuz will also provide customers financial assistance throughout the period of diagnosis and, at the unfortunate event of fatality due to the virus; a cash benefit of Rs. 50,000 will be provided to the policyholder and/or family members.
Speaking on the collaboration, Faisal Abbasi, CEO, TPL Life said, “This partnership is the outcome of TPL Life’s commitment to providing personalized propositions to address the needs of every customer segment in Pakistan. We are driven by a passion for our customers and our aim to provide empathetic services during these unprecedented times. While the Coronavirus continues to spread, uncertain times still lie ahead of us. I am confident, that together with MMBL, TPL Life will go a long way to ensure financial safety and peace of mind for stakeholders of both companies. “
Ghazanfar Azzam, President & CEO, MMBL said, “We are pleased to further strengthen our partnership with TPL Life and cater to the need-of-the-hour with a truly relevant product. Just like TPL Life, our main focus is our customers and this is embedded in our core values at MMBL. I look forward to a continuous and fruitful collaboration with TPL Life.”
The COVID-19 pandemic has changed how businesses operate, digital has become the ‘new normal’ overnight. Being a true insurtech company, TPL Life is at the forefront of digitizing its core operations and creating value & convenience for their customers in the digital age.