Karachi, 1st September 2022, Bank Alfalah and Alfalah Insurance have signed a Memorandum of Understanding in collaboration with Fidelity Insurance Brokers. This partnership is aimed at catalyzing synergies to provide International Health Insurance Product “GlobalCare” to their prestigious clients.
The signing ceremony for the launch of an International Health Insurance Product called “GlobalCare” between Bank Alfalah and Alfalah Insurance and in collaboration with Fidelity Insurance Brokers, was held at Bank Alfalah Head office in Karachi. The documents were officially signed by the CEO of Alfalah Bank Mr. Atif Bajwa and Mr. Abdul Haye, Chief Executive Officer, Alfalah Insurance in presence of Mr. Hassan Rehman Mohammadi, Director and Mr. Khurram Ali Khan, CEO, Fidelity Insurance Brokers. Bank Alfalah will play its vital role as one of the major distributors of “GlobalCare”.
Mr Abdul Haye gave the welcome address in which he thanked Bank Alfalah for responding to the initiative of providing International Health Insurance to its prestigious customers.
GlobalCare is an International Health Insurance product backed by world-leading health insurance provider AXA, powered by Alfalah Insurance & in collaboration with Fidelity Insurance Brokers. GlobalCare offers cashless health insurance in 1 million plus health facilities located in more than 160 countries. The product offers the peace of mind to its subscribers to avail world best healthcare in any country of their own choice for up to USD 1 million.
Mr. Atif Bajwa, CEO of Bank Alfalah, emphasized the importance of health insurance and committed to increasing awareness using digital marketing.
Mr. Khurram Ali Khan the CEO of Fidelity Insurance Brokers talked about the collaboration efforts they made with AXA to offer this exclusive design product for the Pakistani market. Mr. Faizan Siddique, Senior Vice President, Fidelity Insurance Brokers, further elaborated on the product features and its comprehensive medical coverage.
Committed to the growth and development of Pakistan’s insurance sector, Mr. Hassan Rehman Mohammadi, the Director of Fidelity Insurance Brokers asserted on strengthening the joint efforts to improve technical cooperation in the development of the online distribution channels in Pakistan to accelerate innovation and to make insurance products easily accessible to the people of Pakistan.
This collaboration will be the cornerstone for building and enhancing the capabilities of the entire insurance value chain and will improve the overall insurance ecosystem in Pakistan.
