TPL insurance and UBL partner to introduce instalment plans for auto insurance premiums.

KARACHI -- TPL Insurance, Pakistan's first direct insurance company, joins hands with UBL, a leading player in the banking and financial services sector in Pakistan. An MoU was signed between the two organizations recently, at the UBL Head Office, Karachi. The two companies have collaborated to launch 'Assure Finance', an insurance premium financing project for mutual customers of TPL Insurance and UBL. In the wake of a 42% reduction in automobile sales in Pakistan, this collaboration aims at providing convenient, affordable and easily accessible Auto Insurance solutions to customers.

Present at the signing ceremony, from TPL Insurance were, Muhammad Aminuddin - Chief Executive Officer, Syed Ather Abbas - Deputy...