Karachi: EFU Life is pleased to announce a distribution of 80% of its surplus to takaful participants from Individual Family Takaful Fund for its EFU Hemayah Window Takaful Operations. EFU Life is the first Window Family Takaful Operator to declare distributable surplus, achieving this milestone in a short period of three years after commencing window takaful operations in 2015.
EFU Life has the distinction of being the first window family takaful operator in the country, starting its operations in February 2015 under a dedicated brand - Hemayah. The Company offers a wide range of takaful solutions aimed at individuals and corporates, focusing on takaful protection, savings, education and retirement plans. Over the last three years, Hemayah has penetrated into all socio-economic segments extending the financial security net to a larger population. With a dedicated focus on promoting Takaful in Pakistan, EFU Life is on the path to becoming the premier Takaful provider in the Country, while at the same time being a catalyst in the continued progress of the Takaful industry in Pakistan.***
TCB-1 and SSRL are working on a coal-electricity integration project in Block-1 of Thar Coalfield
A total of 12.56 million insurance policies were sold through microfinance banks/institutions
The world's second-largest economy grew 5.3 percent in January-March from the year earlier
the rupee ended at 278.29 to the US dollar, compared with 278.12 in the previous session
Traded shares decreased by 7 million shares to 548.418 million shares from 555.214 million shares
