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Author Archives: editor

Allianz-EFU to launch Window Takaful operations

Allianz-EFU Health Insurance Ltd, the first specialized health insurance company in Pakistan introduced Window Takaful Operations, licensed by the Securities and Exchange Commission of Pakistan (SECP). Allianz EFU Window Takaful Operations will be available to both Corporate and Individual Health Takaful customers. Allianz EFU’s Health Takaful offers Shariah compliant approved products providing comprehensive medical coverage that is reliable, convenient, hassle ... Read More »

All vehicles in the country should be insured-Hassan-Ali-Abdullah

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Chairman Insurance Association Pakistan Hasan-Ali-Abdullah, in his speech suggested that all vehicles in the country should be insured. In case of any incident the government pay huge amount to the affected people. If vehicles are insured the burden will shift to the private sector, he added.Federal Insurance Ombudsman M. Raeesuddin Paracha has said that insurance penetration in Pakistan is lowest ... Read More »

State-Life Insurance earned Rs 1.048b profit

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State-life Insurance earned Rs.1.048b.This was stated by the Chairman State life in  PAC meeting  held under its Chairman Syed Khursheed Shah in which the SLIC and NICL gave a briefing on their 10-year performance to the committee. During the meeting, SLIC Chairman Shoaib Mir explained that the State Life Insurance Corporation has been formed under the LINO 1972. The institution ... Read More »

Takaful products demand is strong

Takaful Products Demand increase, Islamic insurance (Takaful) products is strong yet accessibility and capacity are among the most pressing issues facing the sector, an industry-wide survey released on Thursday showed. Takaful serves as a bellwether of consumer appetite for Islamic financial products, a sector which has its core markets in the Middle East and Southeast Asia and is expected to ... Read More »

National-Bank signed a Bancassurance agreement with EFU Life

National-Bank of Pakistan has recently signed a Bancassurance agreement with EFU Life which is one of the country’s leading life insurance company. The agreement was signed in a ceremony held at NBP’s Head Office to commemorate the partnership in the wake of the expanding market for Bancassurance. The agreement signing ceremony occasion was graced by. Mudassir H. Khan – SEVP/Group ... Read More »

Ayaz-Dawood,elected as Chairman Modaraba Association

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Ayaz Dawood, Chief Executive, B R R Guardian Modaraba has been ayaz-dawoodelected as Chairman of NBFC & Modaraba Association of Pakistan According to the announcement, Syed Nauman Akhtar, CEO, Security Leasing Corporation Limited, Aamir Malik, CEO, First Punjab Modaraba, Khaqan H Read More »

State-Life Insurance became a company from a Corporation

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At last after Completing  44 years  Successful  Journey as life insurance jaunt in public sector State-Life Insurance became a company from a Corporation. The Senate on Friday passed the State Life Insurance Corporation (Re-organization and Conversion) Bill, 2016 aimed at converting the entity into a public limited company. Minister for Law and Justices Zahid Hamid on behalf of Minister for Commerce ... Read More »

IGI-Life Award Night– Bhurban

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IGI-Life held its Annual Agency Awards Night at Bhurban on 10th and 11th September, 2016 to recognize its top performers and the outstanding accomplishments of the agency sales force during the year 2015. Dy. CEO Mr. Nadeem Malik was the Chief Guest along with Head of Agency Sales Mr. Akif Zia Malik and Regional Head Mr. Mohsin Abbas, who kept ... Read More »

Saira Afzal Tarar shared details of health-insurance

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Pakistan has taken a major step in the realm of universal health-insurance coverage by launching the National Health-Insurance Initiative, which caters to the health needs of population living below the poverty line through provision of free health services in the public and private sectors. The initiative, in terms of its model and scale, serves as an example that can be ... Read More »

IGI-Life Window Takaful and Soneri Bank signed a Bancatakaful

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IGI-Life under its Window Takaful Operations and Soneri Bank signed a Bancatakaful Distribution agreement under which IGI Life’s takaful products will be distributed using Soneri Bank’s branch network. The signing ceremony was held at Soneri Bank’s head office in Karachi on Wednesday, September 21, 2016. Soneri Bank was represented by its Chief Operating Officer Amin A. Feerasta and Head of ... Read More »