Who is the owner of EFU company?

Jahangir Siddiqui & Co.
Eastern Federal Union Insurance Company Limited
EFU Group/Parent organizations

How do I check my EFU policy status?

All you have to do is type “EFU LIFE” on your mobile phone and send to 9898. You can also message us directly on the following short codes. You can access your policy details anytime from anywhere directly by typing the short codes given below followed by your policy number.

What is the full form of EFU?

EFU Group, originally Eastern Federal Union Insurance Company Limited, (ایسٹرن فیڈرل یونین انشورنس کمپنی لمیٹڈ) is a Pakistan based insurance company. It was the first insurance company in India founded in (1932) owned by the Muslims based in Calcutta.

Is EFU Life insurance halal?

Underwritten by EFU Life, our Takaful plans are completely Shariah complaint. In addition, EFU Life’s Takaful model is based on the Wakalah-Waqf principal. In all our plans, individuals in the community contribute into a Waqf Fund operated by a Takaful Operator to protect themselves against future financial losses.

Is EFU private or government?

In 1990, the Government of Pakistan reopened the life insurance business to the private sector organisations and EFU Life Assurance Ltd started operations in November 1992 as the first private sector life insurance company.

How many insurance companies are there in Pakistan?

54 insurance companies
At present there are 54 insurance companies out of which 49 companies offer non-life insurance and 5 offer life insurance services (see Table 5.2). The non-life insurance industry also includes six companies that also provide health insurance coverage.

How is cash value of EFU calculated?

You can determine the cash value of your policy at any time by simply multiplying the number of units allocated in your policy to the Bid Price of the fund your policy is linked to. Mathematically, Cash Value = Number of units x Bid Price of the Fund.

What is the benefit of EFU Life Insurance?

EFU Life is the pioneer in Pakistan of critical illness cover, which provides a benefit equivalent to the rider’s sum assured upon the diagnosis or occurrence of the following critical illnesses: Heart Attack. Stroke. Cancer.

What is the benefit of EFU Life insurance?

Is Takaful Halal or Haram?

For example, the group may pay to have a member’s house rebuilt if destroyed in a fire. In this way, takaful is very much a kind of insurance that is halal under Islamic law. The scriptural basis of takaful is found in both the Koran as well as the hadiths.

Is State Life policy halal?

Fatwa For State Life Insurance Is Pure Is Halal. However Further Clarity Is Required As State Life Insurance Invest Its Amount In Real Estate Business N Insurer Is A Share Holder In Profit N Loss Basis.

Where is the EFU Life Assurance House located?

Client E-Services. EFU Life Assurance Ltd. EFU Life House, Plot No.112, 8th East Street, Phase 1, DHA, Karachi, Pakistan.

When is EFU Life Assurance Services not available in Pakistan?

Services will not be available from Saturday 23rd November 4pm to Sunday 24th November 11pm. Karachi, Pakistan.

Who is the director of EFU Life Insurance Company?

In line with the Code of Corporate Governance for Insurance Companies, EFU Life has established Board level committees for various key functions. In addition to external auditors, the Company has a fully functional Internal Audit Department headed by a qualified Chartered Accountant.

Where can I find EFU Life Annual Review 2020?

EFU Life Annual Review 2020 from EFU LIFE ASSURANCE on Youtube. Address: EFU Life House, Plot No.112, 8th East Street, Phase 1, DHA, Karachi, Pakistan. DISCLAIMER: “In case your complaint has not been properly redressed by us, you may lodge your complaint with Securities and Exchange Commission of Pakistan (the “SECP”).