KARACHI: Pak-Qatar Family Takaful Ltd (PQFTL) and HBL Islamic Banking inked an accord to provide family (Life) Takaful coverage to HBL-Islamic Banking Al-Ziarat Account (Hajj and Umrah Savings Plan) holders. The contribution for Life Takaful coverage will be made by HBL. P Ahmed CEO PQFTL and Muhammad Aslam head of Islamic Banking HBL said HBL Al-Ziarat Account is a scheme where the plan holders could save for Hajj and Umrah to undertake the journey at the time of their choice. As an incentive HBL Al-Ziarat Account will have higher weightage than PLS account in addition to free life cover. In case of death of an account holder, PQFTL will pay the remaining contribution towards the scheme and the nominee of the plan holder will get lump sum amount to perform Hajj-e-Badal or Umrah in place of the deceased. HBL will initially offer this product from 19 stand-alone dedicated Islamic Banking branches and 206 Islamic Banking windows throughout Pakistan.
ourtesy by: Daily Times
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