KARACHI – Pak-Qatar Family Takaful (PQFT), Pakistan’s first and largest family takaful operator, has signed an agreement with HBL-Islamic banking to provide family takaful coverage to HBL-Islamic banking Al-Ziarat account holders. The contribution for life takaful coverage will be made by HBL. The agreement was signed by PQFTL CEO P Ahmed and HBL Islamic Banking Head Muhammad Aslam.
HBL Al-Ziarat account allows customers to save for hajj and umrah and undertake journey at the time of their choice. In case of death of an account holder, Pak-Qatar Family Takaful will pay the remaining contribution towards the scheme and the plan holder nominee will get the lump sum to perform hajj-e-badal or umrah in place of the deceased.
HBL will initially offer this product from 19 Islamic banking branches and 206 Islamic banking windows throughout Pakistan. HBL, realising the ever increasing cost of hajj and umra, has designed this saving plan.
PQFTL has registered an astounding growth despite the economic recession. PQFTL, sponsored by some of the leading financial institutions from Qatar, is part of Pak-Qatar Takaful Group which offers innovative and need-based takaful solutions to individuals and corporations.
