TCS BaNCS enabled AlAhli Takaful Company to extend the reach of its increasingly-popular Takaful insurance offerings to new customers in the Kingdom of Saudi Arabia and beyond.
ALAHLI Takaful Company (ATC) is the Kingdom of Saudi Arabia’s largest provider of Takaful Insurance, a cooperative form of insurance permitted by Sharia Islamic Law.
ATC offers two main product lines: life insurance products for individuals including unit-linked investment products, and group life programs for organizations.
ATC relied upon highly manual process to distribute group insurance through a broader set of channels and was looking for a single solution for life and group products that could be distributed across multiple channels.
Through vendor selection process, TCS BaNCS for Insurance was selected based on its proven track record in successful implementations and experience in data migration.
Read how TCS BaNCS enabled AlAhli Takaful Company to automate insurance distribution process and offered Takaful insurance to new customers in the Kingdom of Saudi Arabia.