Karachi:EFU Life Assurance Limited, leading private sector life insurance provider in Pakistan, has been recognized in the ‘Top 25 Companies for the Year 2021’. This is the third time that EFU Life has been conferred with this award. The Companies recognized have outperformed others in the spheres of corporate governance, financial performance and have added to shareholder value.

Every year, the Pakistan Stock Exchange announces the names of the twenty-five (25) leading, publicly traded companies based on specific quantitative criteria such as profitability ratios, liquidity ratio, turnover of shares and corporate governance, to name a few of the factors against which the companies are selected.

The objective of PSX Top 25 Companies Awards is not only to reward and recognize the listed companies meeting criteria of excellent performance, but also to set an example and benchmark for other listed companies to follow.

The PSX Top 25 Companies Awards is a touchstone for all companies to follow and achieve. The listed companies who win these awards are not only amongst the best performing companies in Pakistan but are also comparable to the best performing companies internationally.

Karachi: EFU Life Assurance Limited, leading private sector life insurance provider in Pakistan, has been honored with the prestigious ‘Consumers Demand Award 2022’ for Best Life Insurance Company at the 16th Consumers Choice Award 2021-22. Mr. Zain Ibrahim, Senior Executive Director and Chief Operations Officer, EFU Life received the award on behalf of the Company from Mr. Asadullah Larik, Additional Collector –Customs Pakistan and Guest of Honor for the event.

This is the 13th consecutive year that EFU Life has been conferred with Consumers Choice Award. The award reflects the company’s customer – centric approach, innovative products catering to the evolving needs of customers and the latest practices it adopts for providing superior services.

Consumers Association of Pakistan is a non-government, non-profit organization set up in 2000 to protect and educate consumers. It aims to safeguard the interest of consumers while ensuring that their needs are given a higher priority.

Roshan Digital Account is a major initiative of the State Bank of Pakistan, which provides banking solutions for non-resident Pakistanis, and resident Pakistanis with declared assets held abroad. BOP is the first bank in the industry to offer both conventional and Islamic variants of this product for customers to open and operate digitally. In addition to other banking services, RDA customers can make investments in Pakistan, and avail house loan and auto loans.

To enhance lifestyle offerings for RDA customers, EFU Life and BOP have taken the initiative and signed a unique insurance solution for RDA customers and their loved ones. Customers can opt for insurance/Takaful plans according to their needs, enabling them to mitigate financial risks associated with unfortunate events of death, accidental death, and permanent total disability. In addition, the health risks of customers’ family members (spouse and kids) residing in Pakistan are also being taken care of. The entire family can also avail a virtual health care benefit, an essential addition in these Covid times.

A ceremony to mark this event was held at EFU Head Office Karachi which was attended by Mr. Zahid Mustafa, Group Chief Consumer & Digital Banking-BOP, Mr. Mohammad Ali Ahmed, Deputy Managing Director – EFUL Life, Mr. Nofel Daud, Group Head Retail Banking-BOP, Ms. Nilofer Sohail, AGM and Head of Channel Strategy and Execution and other senior officials from both organizations were also present at the event.

Speaking on occasion, Mr. Mohammad Ali Ahmed, DMD EFU Life, said “We congratulate BOP for launching this initiative. With the launch of these technology-based insurance solutions, BOP will be able to serve RDA customers more effectively. This will further augment the RDA proposition of the bank.” Group Chief C & DB Mr. Zahid Mustafa reaffirmed bank’s vision and said, “BOP, is one of the fastest-growing banks in the industry with a vast network of 661 branches all over the country and a reach of close to 2 million customer base. Identifying and catering to the needs of overseas Pakistanis under the RDA banner remains a primary objective of BOP”.

Bykea, Pakistan’s popular superapp for mobility, commerce, and payments, has partnered with the country’s leading life insurance company EFU Life Assurance Ltd., to offer In-Ride Takaful Protection to the customers and driver-partners of Bykea.

Through this partnership, Bykea expands the safety blanket for its driver-partners and customers through Takaful to offer hospitalization and life protection. The customers and driver-partners are covered through a unique and innovative Takaful partnership with EFU Life.

The customers and driver-partners can now opt for an optional Takaful-coverage feature with a nominal charge and get coverage during Bykea rides. The customers and driver-partners, through this option, will be protected in case of any misfortune due to a road incident to cover for hospitalization or demise. In case of road injury, the customer and driver-partner will be secured for hospitalization or healthcare expenses up to PKR 25,000. In case of an unfortunate fatality, the family of the affected customer or driver-partner will be offered PKR 500,000 to facilitate them through the immediate difficult times.

Rafiq Malik, Chief Operating Officer at Bykea, mentioned that “Bykea has always been conscious of the safety of its driver-partners and customers and is deliberately working towards safeguarding their valuable lives. Now, our customers and driver-partners can opt-in for Takaful during the rides with nominal charges. Through this Takaful feature, we are restating our mission to make bike rides safer for everyone using Bykea.”
Mohammad Ali Ahmed, Deputy Managing Director at EFU Life Assurance, expressed that “EFU Life, as part of its long-term strategy, continues to focus on financial inclusion propositions creating a positive impact in the lives of millions. Our Partnership with Bykea is yet another step where takaful coverage is embedded seamlessly in the digital journey to provide convenience to the riders and customers to activate their takaful cover which can be instrumental in the moment of need.”

PAKISTAN, Karachi, 21st December 2021: Faysal Bank and EFU Life Window Takaful Operations strengthened their partnership by launching EFU Roshan Mustaqbil Takaful. This plan ensures peace of mind to the NRPs by providing entirely digital innovative offerings such as Income Protection, Health protection for their families, and virtual health care benefits for both the NRPs and their families in Pakistan. The plan specifically caters to the protection needs of Roshan Digital Accountholders and their families residing in Pakistan in case of death or accidental permanent total disability, providing innovative Takaful solutions.

Roshan Digital Account is a major initiative of the State Bank of Pakistan, which provides banking solutions for millions of Non-Resident Pakistanis (NRP’s). Under the initiative, customers can remotely open an account in Pakistan through an entirely digital and online process.

The signing ceremony was attended by Ahmed Anwer Hemani (National Sales Manager), Abdul Ahad Wahedna (Head Retail Liability Products and CNC), Babar Mushtaq Mangi (Head Wealth Management & Priority Banking) Faysal Bank Ltd. and Mr Mohammad Ali Ahmed (Deputy Managing Director) and Ms Nilofer Sohail (Head Channel Strategy and Execution) along with other representatives from both organizations.

EFU Life Assurance Limited, the leading private life insurance provider in the country, proudly announces the publication of Humrahi Digital web-series in ‘Essentials of Modern Marketing’ by Kotler Impact Inc. (Founded by Prof. Philip Kotler). EFU Life is the only Insurance Company to have achieved this recognition.

Essentials of Modern Marketing (EOMM) is authored by the world’s leading marketing gurus, including the father of modern marketing, Prof. Philip Kotler and incorporates 16 case studies of leading local companies and brands in its inaugural edition.

EFU Life launched ‘Humrahi’ on Digital, with a targeted approach to reach its audience to change the perception of life insurance amongst the millennials through an unconventional message of life planning, and with the key objective of positioning it as a smart choice for savings and future planning. This is the 6th recognition for ‘Humrahi’ after winning the Gold and Silver Effie for Season 1 & 2 and international wins at Dragons of Asia for ‘Best Campaign in the Country’ and ‘Best Use of Media across all countries’ along with MAA Globes 2019 win for ‘Best Use of Media category’.

The launch ceremony of the Pakistan Edition of the book “Essentials of Modern Marketing (EOMM)” took place at Government College University, Lahore, and was attended by the top leaders from academia and the industry.

EFU Life is honored to be awarded ‘Most Innovative Mobile Application (Insurance)’ for its EFU Life PlanIT App at the Global Business Outlook (GBO) Awards 2021.

EFU Life PlanIT App offers complete solution for all life insurance needs. For clients, the app offers a well-rounded range of services, from allowing them to monitor their policy, make premium payments online and initiate various service requests. The app also has a built-in QR based loyalty program for its PRIMUS priority brand customers allowing them to avail hundreds of deals and discounts at various merchants without the use of a physical plastic card.

Additionally, the App offers various interactive features such as the Need Analysis Tool that provides financial advice based on the Individual’s current life stage and needs. Tax Saving Calculator is also integrated which calculates how much of tax credit is available against the total premium paid.

Global Business Outlook Awards seeks to recognize and reward excellence in businesses around the world. It is designed to facilitate the outstanding work of businesses and business leaders across industries.

EFU Life Assurance Ltd., the leading private sector life insurance provider in the country, has been honored with ‘Certificate of Excellence’ at the 36th Corporate Excellence Awards 2021 by Management Association of Pakistan (MAP) in the Life Insurance Sector. The award was received by Mr. Mohammad Ali, Deputy Managing Director, EFU Life Assurance Ltd.

EFU Life has been recognized for demonstrating exemplary standards in management practices for the ninth consecutive year. The award reflects the Company’s performance and continuous progress in areas of Strategic Planning, Leadership, Social Responsibility, Corporate Governance, Customer & Market Focus, Human Resource, Operations and Information Management.

The Corporate Excellence Award was instituted by MAP in 1982 with the sole aim to recognize and honor companies showing outstanding performance and demonstrating progress and enlightened management practices.

EFU Life Assurance Ltd, the leading insurance provider in the country has partnered with The Legend Hotels & Resorts for its PRIMUS Loyalty Program. The partnership will enable EFU Life high networth clients ‘PRIMUS’ to avail exclusive discounts and offers at The Legends Hotels & Resorts.

The agreement was signed by Mr. Zain Ibrahim, Executive Director & Chief Operations Officer, EFU Life and Mr. Muhammad Azeem Qureashi, Managing Director, The Legend Hotels & Resorts. They were joined by Ms. Aman Hussain, Head of Marketing, EFU Life and Mr. Faizan Shuja, Head of Alliances, EFU Life. The signing ceremony was held at EFU Life Head Office, Karachi.

Speaking on the occasion, Mr.Zain Ibrahim said “As a Company, we are driven to not only ensure our clients financial wellbeing but want their journey with us to be seamless by providing them unmatched service quality, convenience and adding more value through these partnerships.’

EFU Life PRIMUS Loyalty Program gives an unparalleled advantage to clients by offering exclusive discounts at over a hundred leading brands in the country, categories including Food, Lifestyle, Wellness, Leisure, and Insurance. These offers are a few taps away on EFU Life PlanIT mobile app, available on both Android and IOS platform.

The Legend Hotels and Resorts has hotels in Islamabad, Hunza, Skardu, and Chitral under its umbrella.

EFU Life has partnered with Kuickpay to offer premium collection service using Kuickpay enabled 1Link bill payments touch points. This service will facilitate EFU Life and EFU Hemayah Takaful clients to pay premium directly from their bank accounts using digital channels of their bank which includes Net banking, ATMs, Mobile apps, Over the Counter “OTC” of bank branch and other 1Link affiliated bill collection units.

The signing ceremony was held recently in EFU Life Head Office Karachi. The agreement was signed by Mr. Mohammed Ali Ahmed, Deputy Managing Director, EFU Life and Mr. Arbab Ali Khan MD, KuickPay. In the presence of Mr. Shahid Abbas, CFO EFU Life and Mr. Ashfaque Ahmed GM Technology, along with Mr. Saqib Ali Kazmi CEO, KuickPay and Mr. Ahmer Farooqui Head of Business Kuickpay.

Kuickpay, by Innovarge, is a digital payment aggregator for businesses, which manages the collection of all types of payments for a business. It provides an API engine for integration that business owners can use to manage invoices. EFU Life has a robust API based middleware engine that is directly integrated with Kuickpay system to facilitate real-time digital premium collection directly from bank accounts of clients.