JS Team is the second-largest investor in the EFU Insurance policy Team, Pakistan’s biggest insurance group.
EFU Insurance policy Team was established in 1932 as the Eastern Federal Union Insurance policy Organization and grew to become the biggest lifestyle guarantee company in Asia (ex-Japan) from 1961. In 1972, the lifestyle guarantee company was nationalised but EFU continued as a common insurance company. Nowadays, it is Pakistan’s second-largest common insurance provider.
In 1992, the personal industry was again permitted to carry out lifestyle guarantee and EFU Life Assurance was launched by EFU General in conjunction with the JS Team. Nowadays, this company is the biggest personal industry lifestyle guarantee company in Pakistan with a product sales staff of over 1,500 people and over 50% share of the coverage company.
EFU General Insurance
EFU General is engaged in the common insurance company comprising of fire, marine, motor and technological innovation insurance.
The shares of the organization are quoted on the Karachi and Lahore Stock Exchanges. The principal workplace is located at EFU House-Karachi with over 72 divisions throughout the nation.
EFU Insurance policy Team is one of the few Pakistani insurance organisations run entirely by professional control and with a highly-motivated field power. EFU General has obtained Insurer Financial Durability Ranking of ‘AA Stable Outlook’ by the rating agency JCR-VIS.
A unique feature of EFU Insurance policy Team is its voluntary review mechanism by experts of worldwide reputation. The independent reviews by these experts enable the organization to keep abreast of worldwide changes in the industry as well as make sure that control assumes the best worldwide practices.
Another principal of EFU Insurance policy Group’s strength is its very close and long-term (over 50 years) relationship with its primary reinsurer, ‘Munich Re’, one of the biggest reinsurance organizations on the globe.
EFU Life
In 1992, the Government of Pakistan reopened insurance plan company to the personal industry organizations and EFU Life Assurance Ltd was incorporated as the first personal industry insurance plan company. In early 1993, EFU Life commenced composing group insurance plan company and, by Goal 1994, the organization began composing individual lifestyle company.
The company has a growing network of 72 divisions throughout the nation with employee strength of over 1,600 in its product sales staff and around 150 at its primary offices in Karachi and Lahore. The company utilizes 5 full-time actuaries and also involves one of the top actuarial firms in the nation.
EFU The the first insurance plan company in Pakistan to be awarded the ISO 9001:2000 certification. Nowadays, EFU Life continues to be the biggest personal industry insurance plan
company in Pakistan. EFU Life was the pioneer in presenting the following items and features in Pakistan:
EFU Insurance policy Team was established in 1932 as the Eastern Federal Union Insurance policy Organization and grew to become the biggest lifestyle guarantee company in Asia (ex-Japan) from 1961. In 1972, the lifestyle guarantee company was nationalised but EFU continued as a common insurance company. Nowadays, it is Pakistan’s second-largest common insurance provider.
In 1992, the personal industry was again permitted to carry out lifestyle guarantee and EFU Life Assurance was launched by EFU General in conjunction with the JS Team. Nowadays, this company is the biggest personal industry lifestyle guarantee company in Pakistan with a product sales staff of over 1,500 people and over 50% share of the coverage company.EFU General Insurance
EFU General is engaged in the common insurance company comprising of fire, marine, motor and technological innovation insurance.
The shares of the organization are quoted on the Karachi and Lahore Stock Exchanges. The principal workplace is located at EFU House-Karachi with over 72 divisions throughout the nation.
EFU Insurance policy Team is one of the few Pakistani insurance organisations run entirely by professional control and with a highly-motivated field power. EFU General has obtained Insurer Financial Durability Ranking of ‘AA Stable Outlook’ by the rating agency JCR-VIS.
A unique feature of EFU Insurance policy Team is its voluntary review mechanism by experts of worldwide reputation. The independent reviews by these experts enable the organization to keep abreast of worldwide changes in the industry as well as make sure that control assumes the best worldwide practices.
Another principal of EFU Insurance policy Group’s strength is its very close and long-term (over 50 years) relationship with its primary reinsurer, ‘Munich Re’, one of the biggest reinsurance organizations on the globe.
EFU Life
In 1992, the Government of Pakistan reopened insurance plan company to the personal industry organizations and EFU Life Assurance Ltd was incorporated as the first personal industry insurance plan company. In early 1993, EFU Life commenced composing group insurance plan company and, by Goal 1994, the organization began composing individual lifestyle company.
The company has a growing network of 72 divisions throughout the nation with employee strength of over 1,600 in its product sales staff and around 150 at its primary offices in Karachi and Lahore. The company utilizes 5 full-time actuaries and also involves one of the top actuarial firms in the nation.EFU The the first insurance plan company in Pakistan to be awarded the ISO 9001:2000 certification. Nowadays, EFU Life continues to be the biggest personal industry insurance plan
company in Pakistan. EFU Life was the pioneer in presenting the following items and features in Pakistan:
- Unit-linked products
- Critical sickness products
- Education planning product
- Inflation protection benefit
- Tax qualified pension plans
- Extended crucial sickness item (covering 379 medical conditions)
- Allianz-EFU Wellness Insurance
- In 2000, EFU Insurance policy Team formed a partnership with Allianz AG to incorporate Allianz-EFU Wellness Insurance policy, Pakistan’s only specialized health insurance provider. Allianz EFU Wellness is a partnership between the top insurance provider on the globe, Allianz Team, and the most experienced local insurance provider, EFU Insurance policy Team. It was the first company in Pakistan to offer health insurance to individuals and families, and organizations with as few as five employees. To make sure quality, Allianz-EFU is implementing an Integrated HealthCare delivery system.