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.
EFU General Insurance Limited is Pakistan’s largest and oldest general insurance company, always ready to go the extra mile to serve better.
Ever since the company’s establishment in 1932, it has met the challenges of changing times. It has built a diversified customer base, covered more types of risks than any other, enhanced the expertise and delivered on the promises. In the year 2017 EFU General Insurance Ltd. including its Takaful (Islamic Insurance) operations have crossed the Premium/Contribution figure of Rs.20 billion. It is the first general insurance company in the history of Pakistan to achieve this milestone.
EFU General provides wide range of insurance service to fulfill all needs of commercial or individual clients. It provides Fire, Engineering, Marine, Aviation, Motor, Miscellaneous services and Takaful (Islamic Insurance) covers. It has a diversified customer base and writes all classes of industrial, commercial risks and caters to retail business like travel insurance, vehicle insurance, etc.
It is rated by national and international rating agencies. i.e., VIS, PACRA of Pakistan and AM Best of USA. VIS and PACRA have assigned rating of AA+ with outlook stable and AM Best have assigned rating of B with Outlook Stable. EFU is an ISO 9001:2015 certified company.
Regarding the recognition of EFU General’s services to the industry and the economy of Pakistan, it has also received various awards including Corporate Excellence Award of Management Association of Pakistan, Best Corporate Report Award of Institute of Chartered Accountant of Pakistan (ICAP) and Institute of Cost and Management Accountants of Pakistan (ICMAP), 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), Brands of the year Award of Brands Foundation, Consumers Choice Award of Consumers Association of Pakistan, and Top 25 Companies Award of Pakistan Stock Exchange, etc.
EFU General is the most powerful trusted brand in the country and is the leading insurer of Chinese infrastructure projects (CPEC) in Pakistan. It has always played a pivotal role of institution, giving the Pakistan insurance industry the leadership, manpower and drive needed to grow and face challenges.
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
A.M.Best
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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