Adamjee starts business on Life Insurance

Adamjee Insurance Company Limited (AICL) is now starts business in life insurance sector.
Earlier The company have reached an agreement for establishing a joint venture with a South African Insurance giant.howeverThe company has declined to reveal the name of the overseas joint venture partner in the interest of transparency. MCB Bank Limited joined hands with Adamjee Life to offer Bank assurance products to MCB customers.Through this newly formed alliance, MCB will act as a distributor of Adamjee Life products to its customers, President MCB, Atif Bajwa said.
Chief Executive Officer Adamjee Life, Frederick Coenrard De Beer said, "We strongly feel this will play a fundamental role in setting the direction for Bank assurance products in Pakistan and improving overall low life assurance penetration." MCB Bank assurance product menu offers a wide range of products to choose from depending upon their need.