Islamabad – 20 December, 2016: Recently, JazzCash entered in to a strategic alliance with MicroEnsure Pakistan, a leading provider of mass market insurance worldwide, whereby innovative small ticket insurance products and solutions were to be offered JazzCash customers.
Understanding the scarcity of financial issues related to healthcare matters and scarcity of health insurance products for the common person in Pakistan, the two organizations worked together and developed an innovative solution in partnership with a leading local insurance company.
The solution called JazzCash Sehat Sahulat provides significant financial protection to clients against a number of health related perils upon payment of a nominal fee.
Speaking on the occasion of the product launch, Aniqa Afzal Sandhu, Head of Digital & Mobile Financial Services – Mobilink, stated, “We have always worked towards offering innovative solutions to the needs of our users. Through JazzCash Sehat Sahulat, we are looking to provide ease to the masses who cannot afford primary healthcare, especially in times of urgent need. We are excited to launch this health insurance in collaboration with MicroEnsure and hope it will be a major step towards reaching our financial inclusion objectives.”
Commenting on the occasion, Rehan Butt, Country Manager Pakistan & Head of Business Development Asia – MicroEnsure added, “We appreciate the focus and enthusiasm of Mobilink and JazzCash in introducing this product which is a great step in solving one of the most critical financial problems of tens of millions of Pakistanis. People from every walk of life can avail substantial financial benefit from this innovative product upon payment of a small fee and through a tech-based and highly simplified process. We are glad to be a major contributor in introducing the concept to insurance to millions of peoples in developing countries and endeavor to further this effort through our valued partners including Mobilink and JazzCash.”
JazzCash, a mobile financial service offering under Jazz’s ecosystem has over 60,000 retail outlets across Pakistan. JazzCash offers a broad portfolio of Branchless Banking services for customers including money transfer, Online Payments Gateway, NFC enabled payments, payment of utility bills, corporate disbursements, mass payment collections, and insurance services.
MicroEnsure Pakistan (Private) Limited is a wholly owned subsidiary of MicroEnsure Holdings, UK. The company is a licensed insurance broker and a specialist provider of innovative mass market insurance solutions. MicroEnsure have over 42 million registered customers in Africa and Asia, and in 2016 alone, over 19 million new customers were registered. MicroEnsure performs a number of roles which can vary from country-to-country according to the needs of our partners and the customer base has been refined and products designed, their role is then to provide an efficient back office function.