Karachi, April 21st, 2017: EFU Life, Pakistan's leading life assurance Company, recently signed a Strategic Partnership agreement with Tez Financial Services (A Planet N Group Company), one of the fastest growing fin-techs in Pakistan. The partnership envisages making a visible social impact through financial inclusion of the masses at the lower end of the pyramid and using technology as a key enabler for micro life, savings and health related insurance solutions. The agreement was signed by Mr. Nadeem Hussain, Group Chairman, Planet N and Mr. Taher G Sachak, Managing Director & CEO EFU Life and speaking at the ceremony, Mr. Hussain said: "It is our ambition to provide basic term life and health to the bottom of the pyramid through a frictionless process through their cell phones. We hope to initially disrupt the existing distribution system, and later re-engineer the underwriting process." Mr. Sachak expressed his views that "We are making strides in our financial inclusion strategy for offering sustainable life, savings and health solutions to the masses, and our partnership with Tez Financial Services is a significant step in that direction. I foresee the benefits of insurance being passed down to the masses effectively with the technology platform of Tez Financial Services playing a pivotal role.
