IFMP Bancassurance Certification (BAC), Pakistan case studies
IFMP Bancassurance Certification (BAC), Pakistan · Put your knowledge to work in context.
The Bancassurance Certification (BAC) is one of the insurance certifications listed by the Institute of Financial Markets of Pakistan (IFMP), an institute that describes itself as Pakistan's first securities market institute and as a platform for licensing examinations and certifications across financial market segments. The BAC sits alongside IFMP's other insurance offerings, including the Bancatakaf ul Certification, Family Takaful Agents Certification, General Takaful Certification, Life Insurance Agent's Course and Non-Life Insurance Agent's Course, so it is aimed at bank and insurance staff who distribute or support life insurance and takaful products through bank channels. The IFMP Bancassurance Certification (BAC), Pakistan case studies are 5 cases and about 2,844 words.
1The Branch Manager's Referral Target
A commercial bank in Lahore has a bancassurance arrangement with an insurer. The regional manager sets each branch a target of 40 life policy referrals per month.
567 words, about 3 min2Takaful Versus Conventional at the Counter
A bank branch in Karachi offers both a conventional life savings plan and a family takaful plan through partner companies. Siddiqui, is a practising Muslim who says she wants 'the Islamic one' but also asks detailed questions about guaranteed returns.
560 words, about 3 min3The Premium Paid in Cash by a Third Party
Farhan, opens a bancassurance life policy with an annual premium of PKR 1.2 million. He pays the first premium in cash at the branch counter.
570 words, about 3 min4The Mis-sold Policy and the Free-Look Window
A retired schoolteacher, Mrs. Bano, 63, was sold a unit-linked life policy through her bank with an annual premium of PKR 400,000, funded by redeeming her only savings certificate.
598 words, about 3 min5The Referral Pipeline Between Bank and Insurer
A bank and an insurer sign a bancassurance distribution agreement. Under the model, bank staff identify customers and pass 'warm leads' to insurer-employed advisers who sit in the branches and complete the sale.
549 words, about 3 min