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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

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 »

Insurance should be made mandatory in Pakistan

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

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 »