Lahore : Regal Automobiles Industries Ltd. (RAIL), a leading automotive manufacturing
company in Pakistan is proud to announce a strategic partnership with TPL Insurance, a renowned name
in innovative insurance solutions.
The memorandum of understanding (MoU) signing ceremony solidifies the alliance between the two
entities, paving the way for groundbreaking offerings in the automotive and insurance sectors. As part
of this collaboration, customers can now enjoy the convenience of a buy now, pay later scheme for
select models including Prince Glory, Prince Pearl, Prince K01, and Prince Humsafar. This deferred
payment plan offers flexibility and financial ease, allowing individuals and corporates to acquire their
desired vehicles with O% interest. In addition to the deferred payment plan, the partnership introduces
innovative and flexible Motor Takaful products.
Speaking at the occasion, Mr. Adeel Usman, Managing Director of RAIL, added, "The introduction of
deferred payment plans, and innovative Motor Takaful products reflects our dedication to meeting the
diverse needs of our customers. We are excited about the possibilities that this partnership brings and
look forward to delivering value together."
Mr. Sohail Usman, Chairman of Regal Automobiles Industries Ltd., commented, "At RAIL, we are
continuously striving to enhance the customer experience. This partnership with TPL Insurance marks a
significant milestone in our journey, enabling us to provide our customers with convenient payment
options and strong insurance coverage."
These offerings are designed to provide comprehensive coverage and peace of mind to vehicle owners,
ensuring their protection on the road. This partnership stands out in the industry due to its unique
proposition of offering both flexible deferred payment plans and innovative Motor Takaful products. The
combination of these services addresses the evolving needs of customers, providing them with a
comprehensive solution under one roof.
Addressing the ceremony, Mr. Aminuddin, CEO of TPL Insurance, expressed his enthusiasm about the
partnership, stating, "We are pleased to join forces with Regal Automobiles Industries Ltd. This alliance
allows us to offer unparalleled benefits to our customers, reinforcing our commitment to innovation and
customer-centric solutions."
Currently, Regal Automobiles Industries Limited (RAIL) offers a comprehensive range of light
commercial, passenger, and SUV vehicles, backed by comprehensive after-sales and technical support.
As the first company to achieve Green Field status under the Automotive Development Policy (ADP)
2016-2021, RAIL has invested an ample amount for this project, aligning with the country's vision for the automotive industry. This investment aims to create jobs, promote industrial growth, and contribute to
Pakistan's economic stability.
