Tuesday , 23 January 2018
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New bancassurance rules notified by SECO

The Securities and Exchange Commission of Pakistan (SECP), has notified the bancassurance regulations 2015. With the implementation of the regulations, it is envisaged that the long-term interests of three primary stakeholders of life insurance business, i.e. policyholders, insurer, and agent (banks in this case) shall be more aligned. Various new regulatory measures like rationalization of bank’s remuneration structure, restriction on ... Read More »

State Life and Summit Bank ink agreement

State Life Insurance Corporation of Pakistan (SLIC) Chairperson Nargis Ghaloo said, “As the only national player in the bancassurance market, State Life Insurance Corporation feels it has an obligation to reach out to every potential customer through every available distribution channel. With the benefit of Summit Bank’s distribution network, SLIC believes this partnership will help us leverage our capabilities for ... Read More »

promotion of the micro-insurance market SECP take Steps

The Securities and Exchange Commission of Pakistan (SECP) is taking vigorous steps for the promotion of the micro-insurance market to enhance the insurance penetration and financial inclusion. It is being done in the wake of the Micro-insurance Rules that were issued to promote the micro-insurance market in Pakistan.The SECP is encouraging all the insurance companies to include micro-insurance business in their annual ... Read More »

Debate over cyber insurance

Debate on Cyber insurance is ignited as A recent case of an insurance company suing a former client to recover a $4 million claim payout has filed against Cottage Health care systems. Healthcare Systems suffered a data breach due to a hack of their systems. Their insurance company, Columbia Casualty, a division of CNA, alleges that Cottage Healthcare Systems didn’t maintain its security ... Read More »

Mobilink launch health insurance product, MobiCare,

Mobilink and Waseela Microfinance Bank have announced the launch of an innovative corporate health insurance product, MobiCare, after signing an agreement with AsiaCare Health and Life Insurance. MobiCare shall be offering health insurance solutions to corporate customers through its existing network of panel hospitals comprising of over 240 institutions across Pakistan. Waseela Microfinance Bank Limited (WMBL) Chief Executive Officer (CEO) ... Read More »

Nothing for expansion of healthcare Insurance

The federal government would continue to lend technical support to the provincial governments in execution of important national programmes in the health sector.this was stated byFinance Minister Ishaq Dar, while presenting the budgetary speech on Friday. The minister said the health sector service delivery had been fully devolved to the provincial governments and as per the decision taken by the ... Read More »

SECP to set up insurance repository Zafar Hijiazi

Chairman Securities and Exchange Commission of Pakistan (SECP) Zafar Hijazi said the SECP was working on a fast track basis to establish an insurance repository in Pakistan. Hijazi was speaking at a roundtable on establishment of insurance repository in Pakistan, organised by the SECP. Senior officials from the SECP, life insurance industry and the Central Depository of Pakistan were present. ... Read More »

EFU life announced Financial Results

EFU Life Assurance Ltd, the leading private sector life insurance company in Pakistan announced its financial results for the year ended 31 December 2014 as approved in the meeting of the Board of Directors held on 14 February 2015. The Company posted a profit after tax of Rs. 951 million for the year 2014 with earnings per share of Rs. ... Read More »

EFU Life launch Window Family Takaful Operations

EFU Life Assurance Ltd, the leading life insurance company of Pakistan introduces first Window Takaful Operations licensed by Securities & Exchange Commission of Pakistan. Read More »

Bank Al-Habib host free Life Insurance,

Bank Al-Habib APNA Current Account caters to individuals & professionals looking for a personal account to fulfill all their modern-day banking needs with convenience and a host of free facilities including Free Life Insurance, Read More »