In the early 30s of the 20th century, under the inspiration of the Quaid-e-Azam Mohammad Ali Jinnah, there began to appear signs of economic renaissance of the Muslims of India. Shipping, Airline, Banking and Insurance companies made their debut.
In 1932, Mr. Ghulam Mohammad, a far sighted man, established Eastern Federal Union Insurance Company (EFU) with financial assistance from the Aga Khan III and the Nawab of Bhopal. Mr. Abdur Rehman Siddiqui became the founder chairman. The company was originally registered at Calcutta.
In 1947, EFU found a new home in a new country. In Pakistan, EFU rapidly established itself as a progressive and innovative insurer. It gave the emerging insurance industry the leadership, the manpower and the drive needed to grow in a situation where at one time, three-fourths of insurance was held by foreign companies.
By 1961, EFU had become the flag bearer of Pakistan's insurance industry on the world stage, and the largest life company in Afro-Asian countries (excluding Japan) under the leadership of Mr. Roshen Ali Bhimjee. It remained so until 1972 when Life Assurance business in Pakistan was nationalized. Thereafter EFU operated solely as a General Insurance Company, and was subsequently renamed EFU General Insurance Limited. Now EFU General is the largest non-life insurance company in the country and the mother company of other insurance organizations of EFU Group.
EFU General passage through the time and their evolution to become the indefinable of insurance industry.
Pioneers in the insurance sector of Pakistan, EFU General Insurance Limited is the nation’s largest and most trusted non-life insurer, always ready to go the extra mile to serve better.
Since inception in 1932, EFU General has overcome numerous challenges in changing times. Building a diversified customer base, EFU General has covered more types of risks than any other. In the year 2023, EFU General Insurance Ltd., including its Window Takaful (Islamic Insurance) operations, stands at its historic high, crossing the Premium/Contribution figure of Rs. 41.5 billion.
EFU General provides a wide & dynamic range of insurance services to cater to the needs of commercial and individual clients. The Company offerings include insurance cover for Fire, Engineering, Marine, Aviation, Motor, Miscellaneous services and Window Takaful (Islamic Insurance). With a diverse customer base, the Company writes all classes of industrial, commercial risks while catering to retail businesses in the areas of travel and motor insurance, to name a few.
EFU General is rated by national and international rating agencies, i.e., VIS, PACRA of Pakistan and AM Best of USA. VIS and PACRA have assigned a rating of AA++ with outlook stable and AM Best assigned a rating of B- with outlook stable. EFU is an ISO 9001:2015 and 27001:2013 certified company.
A testament to the contributions made by EFU General to the industry and the economy of Pakistan, it has received countless awards during its journey of 90+ years. Some notable accolades include the Top 25 Companies Award of Pakistan Stock Exchange, Achievement Award & Gold Medal of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI), SAFA Best Presented Annual Report (Certificate of Merit) of South Asian Federation of Accountants (An apex body of SAARC), Best Corporate Report Award of Institute of Chartered Accountant of Pakistan (ICAP), Brands of the Year Award of Brands Foundation, Corporate Excellence Award of Management Association of Pakistan, Institute of Cost and Management Accountants of Pakistan (ICMAP), and Consumers Choice Award of Consumers Association of Pakistan.
Known for its heritage of trust and sterling reputation, EFU General is the leading insurer of Chinese infrastructure projects (CPEC) in Pakistan. Being the undisputed leader in Pakistan’s insurance industry, it has always played a pivotal role as a stalwart institution, endowing the nation's insurance landscape with unparalleled leadership, resilience, and innovation.
To continue our journey to be better than the best.
To provide services beyond expectation with a will to go an extra mile. In the process, continue to upgrade technology, human resource and reinsurance protection.
Our philosophy is to be the leading company with service above par with integrity, excellence and professionalism.
Year founded
Certification
VIS, PACRA
Outlook Stable
Other sister companies of EFU group
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The description mentioned about each takaful on this website is for our client's and customer's information and knowledge only. The benefits offered by these as described herein will be completely dependent on the policy terms, conditions, limitations and exclusions and therefore the information provided through our website should not be misinterpreted.
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