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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 »

Sindh-Insurance Limited (SIL) received window Takaful operator license

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Sindh-Insurance Limited (SIL) has received window Takaful operator license from Securities and Exchange Commission of Pakistan (SECP) under Takaful Rules 2012. This will make sindh insurance limited SIL the first public sector general insurance window Takaful operator in Pakistan. SIL will start takaful operations as “Sindh Widow Takaful” offering a full range of Shariah-compliant products to its customers all over ... Read More »

Japan’s Dai-ichi Life Holdings is also eyeing more overseas acquisitions.

dai-icti-life

Japan’s Dai-ichi Life Holdings is also eyeing more overseas acquisitions.Japan’s Dai-ichi Life Holdings DCNSF 19.91% is gearing up to acquire domestic rivals as ultra-low interest rates push the country’s $400 billion life insurance industry towards consolidation in the medium term, its president said. And as part of its growth strategy, Japan’s second-largest private-sector life insurer, with about 50 trillion yen ... Read More »

HOW MUCH INSURANCE MONEY WILL KIM KARDASHIAN RECEIVE

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Do you know that how much insurance-money will kim kardashian receive.”A multimillion-dollar claim like this one is going to be difficult, both to investigate and to resolve,” says Heather Perkins, head of underwriting at L.A.-based jewelry insurance specialist Lavalier. A few hours after midnight on Monday morning, Kim Kardashian West was robbed at gunpoint in her Paris hotel of what ... Read More »

Mr.Hasanali Abdullah,elected unopposed as Chairman,IAP

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Mr.Hasanali Abdullah, Mr. Arshad P.Rana and Mr.Atiq Anwar Mahmudi elected unopposed Chairman,Senior Vice Chairman and Vice Chairman, respectively of The Insurance Association of Pakistan (IAP) for the year 2016-17. Read More »

EFU Board approved Half yearly Accounts

EFU GENERAL

The Board of Directors of the Company at its meeting held on  20 August 2016 approved the Half Yearly Accounts of the Company for the period ended 30 June 2016. The after tax profit of the Company was Rs. 972 million as against Rs. 1,257 million for the corresponding period last year. The after tax profit has reduced because of ... Read More »

Insurance should be made mandatory in Pakistan

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Insurance should be made mandatory in Pakistan as it could reduce future risks and improve the standard of living. He urged the government to make insurance mandatory for every citizen Read More »

Smart women Advantage plan launches

To commemorate the International Women’s Day, SBI Life Insurance launched ‘SBI Life – Smart Women Advantage’ plan that provides for life cover, savings and female-specific critical illness benefits. (ET) The Tea Board of India has floated Read More »

Raeesuddin Paracha took oath as Insurance Ombudsman

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President Mamnoon Hussain Tuesday administered oath of office to Raeesuddin Paracha as Insurance Ombudsman in a special ceremony held here at the Aiwan-e-Sadr. President also administered the oath of office to Raeesuddin Paracha as insurance ombudsman in a special ceremony held at the Aiwan-e-Sadr Read More »

Seminar on renewable Energy & Power: Managing Project Risk Finance

Insurance specialists and energy experts on Thursday discussed the risk management requirements for renewable power projects in Pakistan given the evolving security challenges in the region during a first of its kind day-long seminar.The world’s largest privately held insurance brokerage house Lockton (MENA), offering insurance and risk management solutions, in conjunction with its network partner in Pakistan Fidelity Insurance Brokers ... Read More »