EFU Life Insurance In PakistanEFU Life Insurance In Pakistan

EFU Life Insurance In Pakistan-Life future safe plan

 

EFU Life Insurance started its operations in 1992 as the first private life insurance in Pakistan. EFU is known to have the largest fiscal base in the private sector with the highest-paid capital of around 1Billion. It’s considered one of the stylish insurance companies in Pakistan.

EFU offers its guests a diversified portfolio with stylish value products. The company also provides you with a mobile operation, known as EFU Life PlanIT. You can fluently track your records and information through this app. Also, EFU Life Insurance is the first life insurance company in Pakistan to be ISO certified.
Some of the major product immolations by EFU include

Unit-linked products

Critical Illness Products

Education Planning Product

Affectation Protection Benefit

Pension Plans

 

EFU Startup :

 

1930

In the early third decade of the 20th century, under the leadership of Quaid-e-Azam Muhammad Ali Jinnah, the effects of the economic revival of the Muslims of the subcontinent appeared. Maritime, aviation, insurance companies, and banking industries set their foundations.

 

1932

In 1932, Mr. Ghulam Muhammad established the Eastern Federal Union Insurance Company (EFU) with the financial support of Aga Khan III and Nawab Bhopal. Mr. Abdul Rahman Siddiqui became the founder and chairman of the company. The company was registered in Calcutta.

 

1947

Since 1947, this company has found a new home in a new country, Pakistan. It soon became a modern and fast-growing insurance company at a time when three-quarters of the insurance business was dominated by foreign firms.

 

1961

By 1961, EFU had become the pioneer of Pakistan’s insurance industry on the global horizon and was the largest life insurance company in African and Asian countries (except Japan) under the leadership of Mr. Roshan Ali Bhimji. It held this position until 1972 when the industries were nationalized. Later it continued to operate as a sole general insurance company and continued to provide services with a new name and spirit.

 

Company Profile:

 

Better organization of EFU General Pakistan is always one step ahead to provide better services to the big general company and establish sub-drawers.

Since the company’s establishment in 1932, EFU has continuously coped with changing demands. We have also created a diversified benefit base, to cater to as many people as possible with comfort, expertise, and timely fulfillment of commitments. In the year 2017, EFU General Congress Limited and Takaful Authorities received Rs 20 billion in premium/combustion. And the honor of being the first General Pakistan Company to cross this milestone in the history of EFU.

In recognition of the EFU General’s services towards the stability of Pakistan’s industry and economy, he was awarded several honors. Among them are the Corporate Excellence Award of Pakistan Management Association, Institute of Chartered Accountants of Pakistan (ICAP) and Best Corporate Report Award of Institute of Cost and Management Accountants of Pakistan (ICMAP), Pakistan Chamber of Commerce. & Industry (FPCCI) Achievement Award and Gold Medal, SAFA Best Presented Annual Report (Certificate of Merit) by South Asian Federation of Accountants, Brand of the Year Award by Brands Foundation, Consumer by Consumer Association of Pakistan Choice Award, and Pakistan Stock Exchange’s Top 25 Companies Award, etc.

EFU General is a trusted brand of Pakistan and also a leading insurer of Chinese Infrastructure Projects (CPEC). EFU has played an important role in the development of the Pakistan Insurance Industry and has been providing the best leadership, manpower and guidance needed to tackle the challenges it is facing.

 

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