EFU LIFE ASSURANCE LTD
98.00
PKR
-0.81
(-0.82%)
ISIN
PK0070303018
Return %
Stock
S&P 500
1Y
- -
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Mohammed Ali Ahmed
- Full Time Employees
- 2,348
- Sector
- Finance
- Industry
- Life/Health insurance
- Address
- Karachi Pakistan
- IPO Date
- Oct 30, 1995
- Website
- efulife.com
- Similar Companies
- Business
- EFU Life Assurance Limited is a Pakistan-based financial services company primarily engaged in underwriting life insurance, health insurance, and Shariah-compliant family takaful plans. The company operates through four main business segments: Individual Life, Group Life, Family Takaful, and Health Insurance. Its comprehensive portfolio of products and services includes individual life solutions, comprising whole life, term life, unit-linked savings and investment plans, child education and marriage policies, and retirement and pension schemes; group life and credit insurance, providing group term life, group disability, keyman insurance, and loan protection coverage for financial institutions and corporate clients; family takaful solutions, offered under the EFU Hemayah Family Takaful window, delivering Shariah-compliant wealth accumulation, child education, retirement, and group takaful products; health insurance offerings, providing individual and corporate inpatient, outpatient, surgical, and maternity coverage along with critical illness and accidental death riders; and digital microinsurance solutions, encompassing low-cost embedded life, accident, and hospitalization covers. The company distributes its offerings through an extensive tied-agency network, nationwide bancassurance and bancatakaful agreements with commercial and Islamic financial institutions, direct corporate channels, and digital mobile platforms. In recent operational developments, EFU Life completed the statutory acquisition and amalgamation of EFU Health Insurance Limited, consolidating its life and health insurance businesses into a single unified operating entity. The company has also expanded its digital ecosystem through strategic partnerships with digital banking and fintech platforms, including Easypaisa to launch digital-first Takaful savings products, JazzCash to deploy end-to-end digital insurance customer journeys, and Digitt+ to embed health and life protection products within digital wallets. In addition, the company established a collaboration with the Iqra University Centre for Excellence in Islamic FinTech to support Islamic fintech and Takaful innovation, and initiated evaluations for insurtech acquisitions to accelerate digital distribution. Founded in 1992 as Pakistan's first private-sector life insurer, with historical roots tracing back to Eastern Federal Union Insurance established in 1932, EFU Life Assurance Limited is a member of the EFU Group and is headquartered in Karachi, Pakistan.