EFU Life Assurance Limited, the leading life insurance provider in the country, has been awarded Best Domestic Life Insurer of the Year – Pakistan, at the Global Business Outlook (GBO) Awards 2022. As an industry leader, EFU Life is committed to innovation in its business processes and product offerings coupled with a strong technological capacity and effective use of digitalization.
This is the second consecutive year, EFU Life has been recognized by Global Business Outlook.
Speaking on the occasion, Taher G. Sachak, EFU Life’s CEO and Managing Director, said ‘as a Company, our vision is to bring as many households as possible in Pakistan under the insurance safety net by offering a comprehensive range of financial planning solutions that are affordable and suit every pocket’.
He also added ‘Whilst insurance has been slow to pick up on digitalization in Pakistan, EFU Life has been actively leveraging digital tools, engaging multiple market segments by offering micro, nano products through Commercial banks, Micro Finance Institutions, Branchless banks, Mobile Network Operators, and Micro Small Medium Enterprises (MSMEs)’.
Awarded as the Best Domestic Life Insurer of the Year at the Global Business Outlook Awards, EFU Life has embarked on several campaigns to spread awareness about life insurance through mass media, rural activations and partnerships with multiple corporate entities.
Global Business Outlook seeks to recognize and reward excellence in businesses around the world. It is designed to facilitate the outstanding work of businesses and business leaders across industries.
Karachi, 14 September 2022: Standard Chartered Bank (SCBPL) has signed an agreement with EFU Life and IGI Life for Referral Model. Through this partnership, the longstanding relationship between EFU Life and Standard Chartered Bank will be further strengthened.
The signing ceremony was attended by Standard Chartered Pakistan’s CEO – Rehan Shaikh, Head CPBB – Saadya Riaz, and Head of Wealth Management – Kailash Kumar, along with Mr. Taher G. Sachak, Managing Director and Chief Executive EFU Life Assurance Limited, Mr. Mohammed Ali Ahmed, Deputy Managing Director EFU Life, Mr. Husein Sachak, Director Bancassurance Sales, Ms. Nilofer Sohail, DGM and Head of Channel Strategy and senior representatives from all the three organizations.
Rehan M. Shaikh, CEO at Standard Chartered Pakistan commented, “Through the deepening of this relationship between the Bank and insurance providers, we aim to improve product awareness, especially among the financially marginalized segments of society. The Bank believes in creating value and convenience for its clients and continues to provide cutting-edge financial solutions. The Bank expects synergistic enhancements to result from this deepened partnership and is optimistic that it will help drive the Bank’s insurance business into a new era.”
Mr. Taher G. Sachak, Managing Director and Chief Executive EFU Life Assurance Limited said, “Standard Chartered Bank was our first Bancassurance partner and we are delighted to have the SCB partnership take a new direction. EFU Life and SCBPL share the same vision of creating value and convenience for SCB’s affluent customer base through customized offerings, targeted to the need of this segment. We admire the success of our existing Bancassurance relationship, and I am confident that this new initiative will further enhance the association and position SCB as a key player in Bancassurance”.
Chief Business Manager (CBM)
ME AND EFU LIFE:
I joined EFU Life in December 2003 as a sales consultant, within one year, I qualified for BDM & continuing till now as a Chief Relationship manager, the highest designation.
During my career I have been a top sales consultant for the last 9 years – consecutively.
Life member for MDRT (by qualifying for “15” years consecutively.)
By the grace of almighty Allah, I’ve been member of ‘Top of the Table’ for 6 consecutive years, the highest designation among the life assurance professionals around the globe.
“Anyone can be a top consultant in the Company, you just have to focus on consultant’s daily task & you will see the results materializing. Nothing is difficult but one should be willing to start.
I dedicate all my achievements to my late mother & my late brother – because of their prayers & support I’ve achieved this success in my life. In the end, I would like to thank
EFU Life for the respect & care they have given me. Special thanks to my husband Sardar Mir Asim Khan in supporting me always.
With Thanks and warm regards,
Chief Business Manager| Multan Cantt Branch,
MDRT (Life Time Member), Falcon Club Member
Top of The Table, Court of The Table
EFU Life Assurance Ltd., the leading private sector life insurance provider in the country, has been honored with ‘Corporate Excellence Award’ for the best Life Insurance Company at the 37th Corporate Excellence Awards 2022 by Management Association of Pakistan (MAP). The award was received by Mr. Taher G. Sachak, Managing Director & Chief Executive, EFU Life Assurance Ltd.
This is for the 13th time the Company has been recognized by Management Association of Pakistan (MAP) for demonstrating exemplary standards in management practices. The award reflects the Company’s performance and continuous progress in areas of Strategic Planning, Leadership, Social Responsibility, Corporate Governance, Customer & Market Focus, Human Resource, Operations and Information Management.
The Corporate Excellence Award was instituted by MAP in 1982 with the sole aim to recognize and honor companies showing outstanding performance and demonstrating progress and enlightened management practices.
Karachi: EFU Life Assurance Limited, leading private sector life insurance provider in Pakistan, has been recognized in the ‘Top 25 Companies for the Year 2021’. This is the third time that EFU Life has been conferred with this award. The Companies recognized have outperformed others in the spheres of corporate governance, financial performance and have added to shareholder value.
Every year, the Pakistan Stock Exchange announces the names of the twenty-five (25) leading, publicly traded companies based on specific quantitative criteria such as profitability ratios, liquidity ratio, turnover of shares and corporate governance, to name a few of the factors against which the companies are selected.
The objective of PSX Top 25 Companies Awards is not only to reward and recognize the listed companies meeting criteria of excellent performance, but also to set an example and benchmark for other listed companies to follow.
The PSX Top 25 Companies Awards is a touchstone for all companies to follow and achieve. The listed companies who win these awards are not only amongst the best performing companies in Pakistan but are also comparable to the best performing companies internationally.