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MMBL to provide e-Health insurance & financial security to Careem Captains

Mobilink Microfinance Bank Limited (MMBL) has partnered with Careem to provide health insurance services to Captains through digital channels at market competitive rates for better well-being.

MMBL Chief Financial Officer, Sardar Mohammad Abubakr, and Country Head Careem Pakistan, Feroz Jaleel signed the MoU on behalf of their respective organizations to formalize the initiative to deliver greater value in terms of financial independence and well-being of a diligent workforce. which powers a successful hookup service across Pakistan.

Careem Captains will open their MMBL accounts digitally to access insurance services, with Careem and MMBL support team assisting them throughout the process.

Sharing his thoughts on the development, Sardar Mohammad Abubakar, Chief Financial Officer, MMBL said: “Innovation and digitization are the twin fuels that drive our growth at MMBL, and expanding our services to Careem Captains will help reach our collective. The aim is to promote digital and financial inclusion at all levels.”

“Through this partnership, we aim to provide health and financial security to the captains who provide safe and comfortable rides for the masses every day,” he added.

Also speaking at the event, Feroz Jaleel, Country Head, Careem Pakistan said, “Captains are at the heart of what we do and are a priority area for us. This collaboration with MMBL will undoubtedly add value to our deserving captains in availing seamless digital financial solutions and e-health insurance.”

“Careem has always been at the forefront of coming up with initiatives designed to improve the quality of life for captains. This is the start of more solution space for our captains as we continue to explore other ways to improve funding,” he added.

Through this partnership, MMBL and Careem are exclusively focused on providing simple, accessible and affordable digital financial solutions for captains. Building on the current collaboration, the signing partners have agreed to explore further opportunities, including digital loans, to financially enable Careem Captains.

MMBL is a leading digital microfinance bank and a torchbearer in promoting digital and financial inclusion in the country, especially among the unbanked segments of society.

The bank offers a wide range of digital financial products and services through its broad-based financial ecosystem with a network of over 100 branches catering to the diverse needs of various individual and corporate customers.

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