Web Desk
KARACHI: <a href="https://middleeastdaily.net/hugobank-achieves-pilot-approval-from-state-bank-of-pakistan/”>Bank Alfalah, one of Pakistan’s leading commercial banks, has partnered with Alfalah Insurance to introduce Accidental Death and Permanent Total Disability Insurance Coverage of up to PKR 3 million, available at no additional cost for PKR Current Plus Accountholders. The initiative strengthens the Bank’s commitment to enhancing everyday banking with solutions that offer greater financial security and long-term value.
The insurance coverage is designed to provide customers and their families with financial support in the event of unforeseen circumstances. Available at no additional cost, it complements the existing benefits of the PKR Current Plus Account, offering customers added peace of mind while managing their everyday banking needs.
Speaking on the occasion, Mehreen Ahmed, Group Head, Retail Banking, Bank Alfalah, said, “at Bank Alfalah, we are committed to continuously enhancing our value proposition by offering solutions that address our customers’ evolving financial needs. The introduction of insurance coverage for PKR Current Plus Accountholders is another step towards delivering greater value beyond everyday banking. Through this collaboration with Alfalah Insurance, we are strengthening our commitment to providing a holistic banking experience that combines convenience, innovation, and financial security.”
Commenting on the partnership, Khurram Hussain, Chief Executive Officer, Alfalah Insurance, said, “at Alfalah Insurance, our mission is to provide financial protection that offers customers confidence and peace of mind when they need it most. We are pleased to collaborate with Bank Alfalah in extending insurance coverage to PKR Current Plus Accountholders at no additional cost. This partnership reflects our shared commitment to delivering meaningful, accessible, and customer-focused financial solutions that help safeguard families against life’s uncertainties.”
The partnership brings together Bank Alfalah’s customer-focused banking expertise and Alfalah Insurance’s protection solutions to deliver an integrated offering that supports customers at every stage of their financial journey.
As customer needs continue to evolve, Bank Alfalah remains focused on developing innovative products and services that create meaningful value and strengthen financial resilience. The introduction of insurance coverage for PKR Current Plus Accountholders is another step in the Bank’s efforts to deliver a more comprehensive banking experience while supporting the financial well-being of its customers and their families.