Press Releases

27
July 2011

Tameer Bank launches Tameer Sehat O Sukoon

Tameer Microfinance Bank in partnership with AsiaCare has launched 'Tameer Sehat O Sukoon', a health micro-insurance product that will be offered to low-income individuals to provide them quality healthcare when they need it most.

The aim is to help poor households have access to formal insurance that protects against health risks such as severe or chronic illness, accidents, and obstructed births. These shocks are particularly damaging for poor households who are more vulnerable and less able to absorb the financial consequences of such events.

To mark the launch of Tameer Sehat O Sukoon a signing ceremony was held at a local hotel. Nadeem Hussain, President & CEO Tameer Microfinance Bank and Dr Mehdi Kazmi, CEO Asiacare Life & Health Insurance Company signed the agreement in the presence of other officials from both organizations.

Speaking on the occasion, Nadeem Hussain said: "Offering a service like Tameer Sehat O Sukoon is part of Tameer Bank's strategy and vision to emerge as a global benchmark for innovative and commercially viable microfinance solutions for the unbanked and, in the process, offer them a means to socio-economic empowerment. Our health insurance product is an effort to bridge the gap between the haves and the have nots and to promote greater inclusion within society."

Tameer Sehat O Sukoon is an in-patient product which offers cashless access to health services with coverage worth Rs35,000 against an annual premium of Rs650. It is being rolled out across the Tameer network which comprises more than 100 customer touchpoints across Pakistan. It will be available for Tameer Bank customers as well as non Tameer Bank walk-in customers.

Tameer Bank's partner, AsiaCare Health & Life Insurance Company, was established in 2009. It provides a wide range of insurance plans and offers customized products and services. The products offered are a result of in-depth industry knowledge, market research and an understanding of customers health insurance needs.

About Tameer Microfinance Bank Limited
Tameer Bank is a fast-growing microfinance bank, licensed by State Bank of Pakistan in August 2005. It is the first bank to have approval to conduct branchless banking business in Pakistan. In December 2008 Tameer entered into an agreement with Telenor Pakistan, which acquired 51 per cent of the shares in Tameer Microfinance Bank. The move is part of the bank strategy to offer wide-scale financial services in Pakistan.