EFU Life Assurance Ltd., the main non-public sector life insurance coverage and household takaful supplier in Pakistan, is happy to announce the graduation of medical health insurance, by 100% acquisition of EFU Well being Insurance coverage Restricted (the nation’s premier specialised medical health insurance firm) and subsequent full amalgamation of EFU Well being into EFU Life.
The scheme of amalgamation was lately accredited by each the Boards. This strategic step marks a big milestone in EFU Life’s dedication to deal with its buyer’s holistic monetary and private well being wants, by providing built-in Life and Well being Insurance coverage, and Takaful options beneath a single ecosystem.
Talking on the event, Mr Mohammed Ali Ahmed, MD & CEO of EFU Life, elaborated:
With the acquisition of EFU Well being and subsequent amalgamation of all the well being enterprise into EFU Life, we’re decided to raise the requirements of well being care protection in Pakistan.
We consider that entry to primary well being care is a elementary proper and the potential for development of medical health insurance in Pakistan is huge, providing quite a few thrilling alternatives at each company and retail ranges.
The shoppers of former EFU Well being Insurance coverage Restricted, now beneath the EFU Life umbrella, will expertise a wider vary of medical health insurance options and an enhanced service expertise fuelled by expertise, backed by the robust monetary place of EFU Life with property of Rs.217 Billion.
EFU Life’s acquisition and amalgamation of EFU Well being signifies greater than only a enterprise transaction; it’s a dedication to development, innovation, and customer-centricity. By combining assets and experience, EFU Life is poised to set new benchmarks within the realm of medical health insurance, guaranteeing that its valued clients obtain the best-in-class options they deserve.
Mr Mohammed Ali Ahmed, MD & CEO of EFU Life remarked:
We’re embarking on an thrilling journey of development and transformation. With this acquisition, EFU Life will proceed to prioritise insurance coverage the insurance coverage necessities of its clients by delivering tailor-made well being options that meet their evolving wants.
It marks a big step ahead in EFU Life’s mission to empower people & households with the instruments they should lead wholesome and fulfilling lives.
As a frontrunner within the Insurance coverage business, EFU Life continues to put money into human capital together with expertise options to ship seamless, personalised experiences to its clients. With an unwavering give attention to innovation and agility, EFU Life is well-positioned to navigate the ever-evolving panorama of the insurance coverage market and ship sustainable worth to its stakeholders.
