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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


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


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 »

Ayaz-Dawood,elected as Chairman Modaraba Association


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


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 »

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 »

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 »

IAP to develop software for centralization of data bases

Tahir Ahmed

IAP to develop software for centralization of important date base,this was stated by the Chairman Insurance Association of Pakistan (IAP), Tahir Ahmed while speaking at he annual dinner of IAP. he said that technical committees are working on various proposals including development of software’s for centralization of important data bases to address the issue of outstanding premium and risk mitigation. ... Read More »

Shoaib Mir appointed Chairman State Life Insurance


Mr. Shoaib Mir, Additional Secretary Establishment Division has been appointed as Chairman of the State Life Insurance Corporation of Pakistan, 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 »