SMCL and Sindh Insurance Limited Partner to Launch Universal Accident and Social Benefit Scheme
Karachi, Pakistan – In a pioneering move, SAFCO Microfinance Company (Private) Limited (SMCL) has signed a Service Level Agreement (SLA) with Sindh Insurance Limited, a subsidiary of the Sindh Government, to introduce the Universal Accident and Social Benefit Scheme (UAISB). This initiative is a first for SMCL and aims to provide extensive benefits to its customers and their families.
The agreement was formalized at a signing ceremony attended by key figures from both organizations, including Mr. Suleman G. Abro, Founder and President of SMCL, Syed Sajjad Ali Shah, Managing Director of SMCL, and Mr. Faisal Siddiqui, CEO of Sindh Insurance. The leaders and management teams of both companies expressed their commitment to collaborating on the implementation of the UAISB Scheme, which is expected to have a positive impact on local communities across Pakistan.
This groundbreaking initiative is a first for SMCL, designed to provide widespread benefits to our customers and communities, including our valued clients and their families. With this agreement, SMCL will act as a volunteer company, helping to raise awareness about the Sindh Insurance Company facility and supporting the claims process.
The CEOs of SMCL and Sindh Insurance marked the agreement with their signatures in the presence of senior leadership from both companies, highlighting their shared vision and commitment to social welfare.
About SAFCO Microfinance Company (Private) Limited (SMCL):
SAFCO Microfinance Company (Private) Limited (SMCL) is a prominent microfinance institution in Pakistan, dedicated to empowering underserved communities by providing access to financial services. Established with the primary goal of alleviating poverty and fostering financial inclusion, SMCL offers a wide array of microfinance products and services tailored to meet the unique needs of low-income individuals and small businesses.
About Sindh Insurance Limited:
Sindh Insurance Limited is a reputable insurance provider and a subsidiary of the Sindh Government, established to offer a range of insurance products aimed at providing financial security and risk management solutions to individuals and businesses. The company’s core mission is to enhance the well-being of its clients by delivering reliable and comprehensive insurance coverage.
