In June this year, 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 are offered JazzCash customers.
Understanding the scarcity of financial issues related to healthcare matters and lack dearth of health insurance products for the common person in Pakistan, the two organisations have worked together to developed an innovative solution underwritten by EFU Life, a leading local insurance company.
The product, 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, Head of Business Development Asia & Country Manager Pakistan 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 of insurance to millions of peoples in developing countries and endeavor to further this effort through our valued partners including Mobilink and JazzCash.”
JazzCash has more than 60,000 retail outlets across Pakistan. In the recent past JazzCash has also been engaged in digitization of passport fee payments and also biometric-based disbursements to the flood victims in Punjab. In addition, it also facilitates direct collection of donations across Pakistan. JazzCash offers both Over-the-Counter (OTC) services and Mobile- account facilities for customers along with funds transfers, payment of utility bills, corporate disbursements and mass payment collections.
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 48 million registered customers in Africa and Asia. MicroEnsure performs a number of roles which can vary from country-to-country, according to the needs of our partners and once the customer base has been refined and products designed, their role is then to provide an efficient back office function.
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.