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IGI life and Soneri bank Singn Bancatakaful agreement

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 Mr. Amin A. Feerasta and ... Read More »

Zafar Hijazi SECP chairman arrested for tampering

SECP chairman Zafar Hijazi arrested for tampering with record of Sharifs’ companies.Federal Investigation Agency (FIA) on Friday arrested Security & Exchange Commission of Pakistan (SECP) chairman Zafar Hijazi from outside a special court in Islamabad after his bail application was rejected. The SECP chairman faces charges of tampering with records of Sharif family’s companies. The joint investigation team (JIT) – ... Read More »

LONDON-A.M. Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Jubilee General Insurance Company Limited (Jubilee) (Pakistan). The outlook of these Credit Ratings (ratings) remains stable. The ratings reflect Jubilee’s track record of good operating performance, well-established business profile in Pakistan and solid risk-adjusted capitalisation. An offsetting rating factor is ... Read More »

Proposed Insurance Bill 2017 destroy entire industry

Proposed Insurance Bill 2017 will destroy entire Insurance Industry this was sated in a meeting of Professional Association of Insurance Surveyors (PAIS).PAIS emergency meeting was held in Lahore, which was chaired by PAIS President Junaid Zaidi. The meeting was called after the news published in media that Security and Exchange of Pakistan (SECP) has been found involved in record tempering. ... 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 »

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

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.

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

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

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

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 »