Insurance

KARACHI: EFU Life Assurance Managing Director and Chief Executive Taher G. Sachak stated that the life insurance sector has been in a high-growth mode for the last few years. “In 2015, the life insurance total gross premium crossed the Rs150 billion mark, with an average 5 year annualised growth of approximately 25%. The growth trends in […]

KARACHI: Jubilee Life Insurance, the leading private sector life insurance provider in the country, has been awarded “Brands of the Year Award for 2015/16” in the life insurance industry, a statement said on Tuesday. The much-awaited awards ceremony was held recently at Grand Convention Marquee PAF Museum, Karachi, it added. Senate Chairman Raza Rabbani was […]

ISLAMABAD: Opposition members at the Senate Standing Committee on Commerce on Wednesday passed its amendments in the State Life Insurance Corporation (Reorganisation and Conversion) Bill, 2016, which has already been approved by the National Assembly. However, the government disagreed with the amendments and sought more time to deliberate over it. Former minister for finance Senator Saleem […]

Islamabad—Jubilee Life Insurance, the leading private sector life insurance provider in the country, has been awarded by the Pakistan Stock Exchange (PSX) with an award for one of the Top 25 Companies of the Corporate World in Pakistan for 2014. The prestigious award was received on behalf of Jubilee Life Insurance Company Limited by their […]

ISLAMABAD – The United Business Group (UBG) of FPCCI on Saturday said better insurance coverage was imperative for the development of agricultural economy. “Well-placed and sound agri insurance system can strengthen the agriculture sector of the country and successfully address the issues of food insecurity in Pakistan,” said Secretary General of UBG Zubair Tufail He […]

KARACHI (PR): ‘Meri Shaan, Mera Pakistan’ is a CSR initiative by EFU Life in collaboration with Commissioner Karachi Division to reclaim the walls of major public areas of the city through thematic wall art, and aims to eradicate wall chalking and negativity on walls. The campaign rejoices the spirit of patriotism, and depicts the rich […]

Karachi (PR): The Board of Directors of EFU LIFE has approved the half yearly accounts of the company for the period ended 30 June, 2016. The after tax profit of the company was Rs.693 million as against Rs.702 million for the corresponding period last year. The Board declared the second interim cash dividend @ Rs.1.00 […]

KARACHI: Stocks rema­ined range-bound on Wednes­day as profit-taking restricted KSE-100 index to a gain of 34 points to close at 37,426. Volumes increased two per cent to 143 million shares while traded value remained relatively flat at Rs7.8 billion. Due to the Engro Fertiliser private placement, net foreign buying scaled to $76m on Wednesday. K-Electric […]

Karachi – Acting Governor State Bank of Pakistan Saeed Ahmad has said that the SBP sees total transformation of cash processing business from manual to automation in next five years and thus would like to see commercial banks aligning their plans with State Bank in this direction.  “Without the joint action the desired results to […]

LAHORE (PR): HBL, Jubilee Life, Jubilee General and MicroEnsure entered into a memorandum of understanding to provide various innovative insurance products and solutions to the HBL’s branchless banking clients. Present at the occasion were Faiq Sadiq, Head – Payment Services HBL, Javed Ahmed, MD & CEO – Jubilee Life, Tahir Ahmed, MD & CEO – […]