About Bancassurance and Corporate Agency Agreements
Bancassurance is an arrangement between a bank and an insurance company allowing the insurance company to sell its products to the bank’s client base. Through this arrangement Bank acts as a corporate insurance agent by promoting and selling insurance products through its distribution channels.
Bancassurance or the corporate agency arrangements with various sectors of the economy be it banks, telecommunication firms, corporations, hospitals, education and learning centers etc. has been a very profitable arrangement for both the entities i.e. the insurance companies and entities.
EFU General in collaboration with Banks and other firms in Pakistan is offering and marketing most economical and highly featured insurance products including but not limited to Personal Accident, Cash Withdrawal, Travel and Home Insurance.
Providing various types of Insurance Coverage against Cash withdrawal, Travel Insurance, Personal Accident and Home Insurance:
Cash Withdrawal Insurance
EFU General is offering this Policy which covers the cash withdrawn from the ATM and over the counter of the Bank that gets snatched due to armed hold-up.
For more information on Cash Withdrawal Insurance please click
Travel Insurance
EFU General is offering travel insurance which is designed to cover unforeseen incidents that might occur when travelling abroad from Pakistan.
For more information on Travel Insurance please click
Personal Accident Insurance
EFU General is offering personal accident insurance which is designed to cover accidental bodily injury leading to death, permanent & temporary disablement and incurring of accidental medical expenses arising from unforeseen, sudden, violent and physical incident that might occur anytime any where.
For more information on Personal Insurance please click
Home Insurance
EFU General is offering home insurance which protects you against loss/damage caused by:
- Fire, Explosion (including explosion of domestic appliances like geyser, stoves) lightning, thunder bolt, earthquake.
- Burglary, House breaking or any attempt or threat
- Riot, Strike, Labor disturbance and malicious act.
- Aircraft and other Aerial devices or articles dropped therefrom as well as falling trees.
- Bursting or overflowing of underground water or sewerage pipes (excluding damage caused thereto)
- Flood, typhoon but excluding rain damage except when occurring during or immediately after typhoon.
- Impact by Road Vehicle
- Personal Accident Cover
- Loss of Rent
EFU General’s home insurance policy also extends to cover valuables i.e. jewellery and cash when they are:
- At residence,
- in transit with the maximum annual limit upto PKR 100,000,
- in a specified locker,
- worn or robbed anywhere in Pakistan (limited to 30% of the insured value of jewellery with the maximum annual limit upto PKR 100,000),
- cash on body upto maximum annual limit of PKR 10,000 during transit
The extension of cash and jewellery is available with Home Insurance and not in isolation.