A memorandum of understanding (MoU) was signed between the two companies at the TPL Insurance Head Office in Karachi. The partnership aims to digitise the end-to-end experience of purchasing insurance. Let’s Compare allows users to research, compare and buy insurance products online to make well-informed decisions.

Following the agreement, TPL’s Auto, Travel and Health Insurance policies and fastest claim services will be made accessible to customers on the platform, promoting transparency and convenience.

Bridging the gap between consumer and insurer

Commenting on the development, Syed Kazim Hasan, TPL Insurance, said: “This is a strong digital alliance that will help bridge the gap between customers and insurance companies. The enhanced transparency will build trust and create a lasting relationship between TPL Insurance and its customers across the country.”

Disruption at core of TPL

Junaid Khan, CEO at Let’s Compare, added: “We are delighted to announce our partnership with TPL Insurance, who share our passion for delivering innovative products that are more accessible to the end consumer.”

With disruption at its core, TPL Insurance continues to introduce innovative and digitally integrated solutions to make insurance more accessible and hassle-free for all consumers.

A recent survey by reinsurer Swiss Re highlighted an increasing trend among Indian consumers to buy insurance digitally, especially through payment apps. This trend is likely true for other countries as well, including Pakistan.