Allied Bank will exclusively offer “Terrorism Protection Insurance” to all its customers, which will also provide additional insurance cover for accident related injuries. “As Pakistan remains at the forefront of the War on Terror, the lives of ordinary people are affected tumultuously in event of any terrorist act that befalls them.” Mohammad Aftab Manzoor, CEO, Allied Bank, said on the occasion of signing an agreement with New Hampshire Insurance Company Pakistan (NHIC).The agreement was signed by Mohammad Aftab Manzoor, CEO, Allied Bank and Mujib Khan, Country Manager New Hampshire Insurance Company. Also present on the occasion were: Zia Ijaz, Group Chief, Commercial & Retail Banking Group; Ahsan Ali Group Head Liabilities; Fahd Ghaffar Soomro Business Head, Bancassurance Allied Bank; Ayaz Karamatullah Manager Underwriting NHIC and Akif Zia Malik PCM NHIC.Addressing on the occasion, Mohammad Aftab Manzoor, CEO, Allied Bank said: “ABL as a responsible financial institution has always strived to introduce products and services that cater to the most fitting needs of not only its customers but the country at large. Introduction of Terrorism Protection Insurance is a testament of our commitment to our customers and the communities we operate in.” Mujib Khan, Country Manager Chartis New Hampshire Insurance Company Pakistan stated: “We remain committed to providing innovative insurance solutions to meet the challenges in our market. The product being marketed through Allied Bank is such an example. We are confident that our offering will resonate positively and be well received by our target audience.”
Allied Bank is one of the largest commercial banks in Pakistan having 780 branches across the country, offering real time online banking. ABL is emerging as a bank with innovative yet customer oriented banking products that suit a variety of customer segments according to their individual and business needs. The bank leads the way by having the largest network of 533 ATMs in more than 300 cities and towns of Pakistan. The extensive outreach, sound capital structure and improved asset quality has enabled the bank to maintain its long term rating of AA (Double A) and short term rating of A1+ (A one plus) by PACRA.
New Hampshire Insurance Company Pakistan Branch has been operating in Pakistan since 1949 and is a branch office of New Hampshire Insurance Company which is a subsidiary of Chartis Inc., headquartered in New York
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