Samba Bank Limited (SBL) has partnered with New Jubilee Insurance Company Limited (NJI) in Bancassurance distribution. The agreement was signed by Tawfiq A. Husain, President and CEO, Samba Bank Limited, and Tahir Ahmed, Managing Director, New Jubilee Insurance Company Limited, in the presence of senior management of both the entities.
Commenting on the occasion, Tawfiq A. Husain, said; "At Samba Bank Ltd, we are constantly endeavouring to enhance the value proposition for our customers by increasing the benefits available to them. We are, therefore, delighted to be partnering with the highly reputable New Jubilee Insurance Co Ltd in introducing Bancassurance products for our customers. We believe this will be an important step in our ongoing journey of regularly widening the product offerings".
Tahir Ahmed, Managing Director, New Jubilee Insurance said that, "Bancassurance provides an ideal opportunity to introduce personal insurance products to individuals which otherwise is difficult and cumbersome. He further stated that agreement with Samba Bank will go a long way in achieving this objective by providing insurance services to the Bank clients". Samba Bank Limited is 80.68 percent owned by Samba Financial Group, Kingdom of Saudi Arabia, which itself is rated Aa3 by Moody's Investors Service.-PR
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