March 28, 2024

EFU Life and Orix Leasing Pakistan Limited join hands

. The amount of insurance benefit will vary according to the total deposited amount, with a maximum benefit of PKR 2 million. All OLP depositors between the ages of 18 to 65 will be automatically insured under this initiatve.

efu life orix leasing pakistanEFU Life and ORIX Leasing Pakistan Limited (OLP) have joined hands to provide depositors of OLP with accidental death and hospitalization insurance. This initiative was driven by OLP to provide a value added benefit at no additional cost to its loyal depositor’s base. The amount of insurance benefit will vary according to the total deposited amount, with a maximum benefit of PKR 2 million. All OLP depositors between the ages of 18 to 65 will be automatically insured under this initiative.
OLP is the largest leasing company in Pakistan with total assets of over Rs. 22 billion. It is an associated company of ORIX Corporation (ORIX), Japan’s largest financial services group having operations worldwide with total assets of US$ 90 billion. PACRA, Pakistan’s leading credit rating agency, has rated OLP, AA+ for Long Term and A1+ for Shorth Term in January 2013.
EFU Life is the largest private sector life insurance company with a rich 20 year history of leading the insurance industry of Pakistan. The Company has an IFS rating of AA and the strongest financial base in the private sector. The products are designed to meet the varying needs of clients, and offer the very best in financial services.
The agreement was signed by Mr Taher G Sachak, MD & CEO EFU Life and Mr Teizoon Kisat, CEO, OLP. Also present on the occasion were Zain Ibrahim, COO, EFU Life and Mr. Shahid Abbas, CFO, EFU Life, Mr. Hira Lal Bharvani, GM & Head of Treasury, OLP and Mr. Sarosh Khushbakht, Senior Manager, Treasury, OLP.

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