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First third party administrator for health insurance register

The Securities and Exchange Commission of Pakistan (SECP) has registered country’s first third party administrator for health insurance services.A Third Party Administrator (TPA) is a business unit that through efficient technological processes provides effective claim administration on behalf of insurers.The SECP had recently issued the Third Party Administrators for Health Insurance Regulations, 2015 for developing health insurance business in Pakistan.In ... Read More »

Easypaisa launch micro insurance programme

Easypaisa launch micro insurance programme,covering only calamity hit Crops from next year 2016, this was disclosed by the vice  President  Chief Financial officer  Head of easypaisa.the micro insurance  would be a pilot project on satellite based information and would cover only natural disaster hit crops, said Yehya Khan while briefing the media. the negotiation in this regards are in final ... Read More »

State Life to implement health insurance scheme

The government  selected State Life Insurance Corporation of Pakistan for implementation of the Prime Minister’s National Health Insurance Programme in coordination with the Ministry of Health.The insurance company will now start enrolling programme beneficiaries, empaneling hospitals, and providing health insurance services to enrolled families. “The selection of State Life Insurance Corporation of Pakistan has been done through an open and ... Read More »

Insurance made mandatory for driving licence

Insurance made mandatory for driving licence, Traffic police authorities has announced that third-party insurance of all vehicles and their drivers will be compulsory so that owner and drivers of vehicles can get insurance benefit in case of any accident.It has been observed in the metropolis that in case of even minor accident, drivers usually start fighting leaving their vehicles in ... Read More »

State life earn profit Rs.810 million in 2013

State Life insurance board of directors,approved its annual financial accounts for 2013.The Corporation  , which was up 5.6% from 2012.The profit of State Life for 2013 was equal to 40.2% of the combined earnings of the six private-sector life insurance companies that operated in that year.According to the chairperson’s note attached to the annual accounts, State Life plans to launch unit-linked life ... Read More »

SLIC pays out Rs13bln against claims

Last year State Life Insurance Corporation of Pakistan paid out Rs13.091 billion against all claims, thus providing financial protection and savings to millions of valued policyholders and their families nationwide, a press release from the Corporation. State Life, the largest life insurance company of Pakistan, has a market share of 58 percent. It has a total business portfolio of Rs74 ... Read More »

Adamjee Insurance: From strength to strength

Adamjee Insurance (KSE:AICL) continued its habit of reporting upbeat results as of late. In the six months ended June 30, 2015, the firm saw its after-tax profits nearly double to Rs. 1.6 billion, as compared to the same period last year. This converts to earnings of Rs. 4.57 per share, against Rs. 2.41 in the year-ago period.The insurer experienced a ... Read More »

Allied Bank wins best bank award

was an acknowledgement of Allied Bank’s performance in Investment Banking transactions in Equity and Advisor Read More »

Pakistan Investment Bonds

Pakistan Investment Bonds issued by Government of Pakistan are a preferred means for a majority of institutional investors to invest their surplus funds for a longer time horizon. This way they are able to lock a higher yield for a relatively long term rather than take the risk of re-pricing after relatively shorter time periods. Furthermore, PIBs are highly secured ... Read More »

EFU life insurance &Advantage sign Service and Consultancy

EFU Life Assurance Ltd. and Advantedge & Partners (Pvt) Ltd. have entered into a Service and Consultancy Agreement to explore areas of mutual interest in business development for efu Life Insurance and Savings solutions. EFU Life is a leading life insurance company in Pakistan and is the first Window Family Takaful Operator licensed by SECP. Advantedge, a registered Management Consulting ... Read More »