343:, an inspector from Oriental Governmental Security Life Assurance, Calcutta, as life manager for East Pakistan. Buksh, introduced a system of training classes and expanded the entire field organization on scientific lines. The company thereafter continued showing tremendous upward trend in its paid-for business from 25 million in 1953 to 76.7 million in 1960. During the same period the premium income of the company went up from Rs. 3.3 million to Rs. 11.9 million. In 1960, the company almost reached the door of bankruptcy due to bad underwriting against marine hull business on overseas account. Abbas Khaleeli, a former bureaucrat and Roshen Ali Bhimjee, owner of Insurance Agency Pak Underwriters were credited for averting the bankruptcy. Subsequently,
263:
44:
272:
934:
354:
worked for the company as life manager, deputy life manager and general manager from 1960 to April 1969. He was recognized as the “driving force” who “had successfully helped to grow the company into the leading and dominating position” in the country. During the 1960s, EFU became the largest company
266:
First meeting of the founders and sponsors of the
Eastern Federal Union Insurance Co. Ltd (1931 in London). L-R: Abdur Rahman Siddiqui, Partner Haira Trading Co., B.M. Collins of B.M. Collins & Co. Ltd., London; C.H. Faloon, General Manager, Atlas Assurance Company, Khondker Fazle Haider, Partner
287:
district were the company's founders. Siddiqui and Haider executed a “memorandum of understanding” in 1931 with one of leading
British insurance companies, the “Atlas” and Messrs. B.M. Collins, Lloyds brokers. The company was incorporated on 2 September 1932 in Calcutta with E.N. Menhinick, a senior
374:
In 1992, the
Government of Pakistan opened up life insurance to the private sector and EFU Life Assurance Ltd. was incorporated in 1992 as the first private sector life insurance company. EFU commenced writing group life insurance business in the same year, individual life business in 1994 and is
370:
Bangladesh nationalized all
Pakistan based and local life insurance companies in August 1972. In Pakistan, after 1972 the EFU operated solely as a general Insurance company. In 1992, the Government of Pakistan opened up life insurance to the private sector and EFU was reorganized and EFU Life
323:
The company officially started as a general insurance company. In 1936, life business of the company started with a paid-for business of about Rs. 5.0 million. By 1946 the company started to move ahead steadily but major upheaval of the century had occurred, in which
Muslims all over the
288:
manager of Atlas as the first chief executive officer of the company.The main objective of the company was to provide “insurance service to the community and also to produce competent Muslim insurance personnel.”
35:
17:
1500:
1480:
1490:
332:
before partition. The company completed a new Life
Business of Rs. 4.5 million by 1947 and during 1948 transacted a total business of Rs. 13.9 million.
1235:
900:
324:
sub-continent sustained immense loss, both of life and property after creation of
Pakistan. The EFU management transferred its registered office to
1470:
1515:
1505:
1485:
1495:
279:
It was the first insurance company in India owned and run by
Muslims targeted for the Muslim populace. Abdur Rahman Siddiqui of
347:
disinvested his shares and major shares were taken by the “Habib family”, ARAG Limited and rest was distributed to the public.
871:
844:
1475:
930:
1400:
922:
1315:
1165:
223:) is a Pakistan based insurance company. It was the first insurance company in India founded in 1932, owned by the
1290:
1100:
862:
Rahman, Rushanara; Mosharraf, Hossain Mir; Ahmed, Mosleh Uddin; Rahim, Shazzadur; Bukth, Tanisha, eds. (2010).
1430:
1170:
364:
1395:
1040:
1385:
1325:
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1510:
1330:
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1255:
1075:
1355:
1110:
1085:
985:
1340:
1190:
990:
86:
78:
1260:
1195:
965:
764:
367:
led to creation of modern
Bangladesh in December 1971 when the EFU lost its eastern division.
1210:
1130:
915:
301:
371:
Assurance Ltd. was incorporated in 1992 as the first private sector life insurance company.
1440:
1275:
1200:
344:
317:
350:
Abbas
Khaleeli and Roshen Ali Bhimjee officially took over the company on 1 January 1961.
8:
1015:
970:
950:
837:
Khuda Buksh The Pioneer of Life Insurance in Bangladesh: An account of his life and work
1345:
1335:
1125:
1115:
313:
235:
1270:
803:
The EFU Saga: The Making of Institution within the Context of the creation of Pakistan
1425:
1215:
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1060:
867:
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840:
823:
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was acquired by the company in 2002. The former name of the building is Qamar House.
692:
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293:
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today the largest life insurance company in the private sector in the country.
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94:
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58:
90:
82:
1055:
1045:
1030:
792:
Amir, M (5 March 1963). "Eastern Federal: Its Genesis and Progress".
403:
305:
105:
717:"Pakistan's leading life Insurance company for financial planning.|"
34:
1225:
995:
933:
239:
228:
134:
336:
224:
130:
49:
1375:
1370:
309:
250:. The company ceased to exist in East Pakistan after it became
304:
helped to arrange substantial subscriptions from the State of
740:
589:
360:
280:
1350:
716:
577:
820:
Roshen Ali Bhimjee Between tears and laughter: A Biography
197:
891:
882:
861:
625:
613:
541:
649:
553:
500:
440:
339:, West Pakistan in May 1950. In 1952, the company hired
881:
Buksh, Khuda. "30 Progressive Years EFU 1932–1962". In
464:
452:
416:
565:
519:
517:
515:
866:. Dhaka: Khuda Buksh Memorial Trust and Foundation.
637:
601:
890:Ansari, A. R. "Life Insurance and Khuda Buksh". In
864:
Memoirs of A Life Insurance Icon : Khuda Buksh
839:. Dhaka, Bangladesh: The University Press Limited.
529:
512:
488:
476:
428:
48:Headquarters of EFU Life and General Insurance in
822:. Karachi, Pakistan: M. Yunus, D&Y Printers.
805:. Karachi, Pakistan: M. Yunus, D&Y Printers.
1501:Financial services companies established in 1932
1481:Financial services companies established in 1992
1462:
1491:Companies listed on the Pakistan Stock Exchange
213:Eastern Federal Union Insurance Company Limited
18:Eastern Federal Union Insurance Company Limited
916:
383:It comprises the following three companies:
166:Unit-Linked, Conventional and Group Products
316:became the largest foreign shareholder and
300:) became the “Patrons” of the new company.
923:
909:
817:
800:
655:
631:
619:
595:
583:
547:
506:
470:
458:
446:
422:
33:
270:
261:
1471:Pakistani companies established in 1992
14:
1463:
889:
607:
320:bought most of the shares of the EFU.
221:ایسٹرن فیڈرل یونین انشورنس کمپنی لمیٹڈ
904:
880:
834:
643:
571:
559:
535:
523:
494:
482:
434:
1516:Indian companies established in 1932
1506:1932 establishments in British India
791:
335:The EFU shifted its head office to
220:
24:
693:"EFU Insurance – Company Overview"
25:
1527:
1316:Pakistan Aluminium Beverage Cans
1166:International Industries Limited
932:
835:Rahim, Muhammad Obaidur (2011).
42:
1486:Insurance companies of Pakistan
1101:FrieslandCampina Engro Pakistan
801:Karnowski, Wolfram W. (2001a).
757:
733:
709:
685:
661:
378:
275:Night View of EFU Life Building
152:Taher G. Sachak (vice chairman)
1496:Companies in the KSE 100 Index
741:"EFU Health Insurance Limited"
64:EFU General Insurance Limited
13:
1:
785:
387:EFU General Insurance Limited
179:EFU General Insurance Limited
149:Rafique R. Bhimjee (chairman)
1171:International Steels Limited
818:Karnowski, Wolfram (2001b).
794:Pakistan Observer Supplement
397:
393:EFU Health Insurance Limited
365:Bangladesh War of Liberation
283:and Khonkar Fazle Haider of
185:EFU Health Insurance Limited
7:
10:
1532:
1476:Companies based in Karachi
1036:Colgate-Palmolive Pakistan
390:EFU Life Assurance Limited
267:Haira Trading Co., London.
257:
182:EFU Life Assurance Limited
66:EFU Life Assurance Limited
1449:
946:
192:
170:
162:
140:
126:
111:
101:
70:
56:
41:
32:
1356:Pakistan Tobacco Company
1086:Fauji Fertilizer Company
409:
155:Mohammed Ali Ahmed (CEO)
1426:Unilever Pakistan Foods
1191:Kohinoor Spinning Mills
238:, the company moved to
966:Air Link Communication
276:
268:
1236:Mehmood Textile Mills
1211:Lucky Core Industries
1056:EFU General Insurance
769:heritage.eftsindh.com
363:. In March 1971, the
302:Malik Ghulam Muhammad
274:
265:
1441:Yousuf Weaving Mills
1276:Nishat Chunian Power
892:Rahman et al. (2010)
883:Rahman et al. (2010)
765:"EFU House, Karachi"
359:countries excluding
345:Mirza Ahmad Ispahani
318:Mirza Ahmad Ispahani
1156:Indus Motor Company
1096:First Habib Modarba
1016:Bannu Woollen Mills
598:, pp. 243–244.
562:, pp. 227–239.
29:
1452:As of October 2024
1396:Standard Chartered
1346:Pakistan State Oil
1336:Pakistan Petroleum
1326:Pakistan Oilfields
721:EFU Life Assurance
314:Sir Victor Sassoon
277:
269:
236:partition of India
27:
1458:
1457:
1341:Pakistan Services
1331:Pakistan Refinery
1266:National Refinery
1216:Maple Leaf Cement
1161:Interloop Limited
1076:Fatima Fertilizer
1066:Engro Fertilizers
1061:Engro Corporation
956:Adamjee Insurance
938:Companies of the
873:978-1-4500-5168-2
846:978-984-506-027-1
745:www.efuhealth.com
673:www.efuhealth.com
586:, pp. 88–89.
574:, pp. 75–76.
206:
205:
16:(Redirected from
1523:
1511:Pakistani brands
1366:Punjab Oil Mills
1306:Pak-Gulf Leasing
1296:Packages Limited
1051:Dolmen City REIT
986:Attock Petroleum
937:
936:
925:
918:
911:
902:
901:
895:
886:
877:
858:
831:
814:
797:
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737:
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697:efuinsurance.com
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432:
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242:and operated in
222:
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120:
46:
37:
30:
26:
21:
1531:
1530:
1526:
1525:
1524:
1522:
1521:
1520:
1461:
1460:
1459:
1454:
1445:
1406:Systems Limited
1381:Searle Pakistan
1271:Nestlé Pakistan
1241:Millat Tractors
1151:JDW Sugar Mills
1126:HBL Growth Fund
1041:Dawood Hercules
991:Attock Refinery
942:
931:
929:
874:
847:
788:
783:
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773:
771:
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758:
749:
747:
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723:
715:
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656:Karnowski 2001a
654:
650:
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632:Karnowski 2001b
630:
626:
620:Karnowski 2001a
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602:
596:Karnowski 2001a
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584:Karnowski 2001a
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548:Karnowski 2001a
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507:Karnowski 2001a
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471:Karnowski 2001a
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459:Karnowski 2001a
457:
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447:Karnowski 2001a
445:
441:
433:
429:
423:Karnowski 2001a
421:
417:
412:
400:
381:
298:Nawab of Bhopal
294:Hamidullah Khan
260:
196:
188:
158:
143:
118:
116:
93:
85:
75:
65:
61:
52:
23:
22:
15:
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5:
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1361:Pioneer Cement
1358:
1353:
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1338:
1333:
1328:
1323:
1318:
1313:
1308:
1303:
1298:
1293:
1288:
1283:
1281:Nishat Chunian
1278:
1273:
1268:
1263:
1261:National Foods
1258:
1253:
1251:Murree Brewery
1248:
1243:
1238:
1233:
1228:
1223:
1221:Mari Petroleum
1218:
1213:
1208:
1203:
1201:Lotte Chemical
1198:
1196:Kot Addu Power
1193:
1188:
1183:
1178:
1173:
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1053:
1048:
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1038:
1033:
1028:
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1021:Bestway Cement
1018:
1013:
1011:Bank of Punjab
1008:
1003:
998:
993:
988:
983:
978:
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859:
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832:
815:
798:
787:
784:
781:
780:
756:
732:
708:
684:
660:
648:
646:, p. 195.
636:
634:, p. 100.
624:
622:, p. 313.
612:
600:
588:
576:
564:
552:
550:, p. 303.
540:
528:
526:, p. 280.
511:
509:, p. 221.
499:
487:
475:
463:
451:
449:, p. 157.
439:
427:
414:
413:
411:
408:
399:
396:
395:
394:
391:
388:
380:
377:
308:and State and
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180:
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9:
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4:
3:
2:
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1256:National Bank
1254:
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1242:
1239:
1237:
1234:
1232:
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1172:
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1159:
1157:
1154:
1152:
1149:
1147:
1146:Ibrahim Fibre
1144:
1142:
1139:
1137:
1134:
1132:
1129:
1127:
1124:
1122:
1119:
1117:
1114:
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1094:
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1082:
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1072:
1071:Engro Polymer
1069:
1067:
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1059:
1057:
1054:
1052:
1049:
1047:
1044:
1042:
1039:
1037:
1034:
1032:
1029:
1027:
1026:Cherat Cement
1024:
1022:
1019:
1017:
1014:
1012:
1009:
1007:
1004:
1002:
1001:Bank AL Habib
999:
997:
994:
992:
989:
987:
984:
982:
979:
977:
974:
972:
969:
967:
964:
962:
959:
957:
954:
952:
949:
948:
945:
941:
940:KSE 100 Index
935:
926:
921:
919:
914:
912:
907:
906:
903:
893:
888:
884:
879:
878:
875:
869:
865:
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852:
848:
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838:
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829:
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821:
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789:
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766:
760:
746:
742:
736:
722:
718:
712:
698:
694:
688:
674:
670:
664:
658:, p. 94.
657:
652:
645:
640:
633:
628:
621:
616:
610:, p. 83.
609:
604:
597:
592:
585:
580:
573:
568:
561:
556:
549:
544:
538:, p. 21.
537:
532:
525:
520:
518:
516:
508:
503:
497:, p. 19.
496:
491:
485:, p. 18.
484:
479:
473:, p. 86.
472:
467:
461:, p. 85.
460:
455:
448:
443:
437:, p. 17.
436:
431:
425:, p. 84.
424:
419:
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405:
392:
389:
386:
385:
384:
376:
372:
368:
366:
362:
358:
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346:
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333:
331:
330:East Pakistan
327:
321:
319:
315:
311:
307:
303:
299:
295:
291:
286:
282:
273:
264:
255:
253:
249:
248:West Pakistan
245:
244:East Pakistan
241:
237:
232:
230:
226:
218:
214:
211:, originally
210:
209:EFU Insurance
201:
195:
191:
184:
181:
178:
177:
175:
173:
169:
165:
161:
154:
151:
148:
147:
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100:
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92:
88:
84:
80:
77:
74:
69:
63:
60:
55:
51:
45:
40:
36:
31:
19:
1451:
1421:TRG Pakistan
1416:Thal Limited
1371:Rafhan Maize
1311:Pakgen Power
1286:Nishat Power
1246:Mughal Steel
1206:Lucky Cement
1186:Kohat Cement
1081:Fauji Cement
1006:Bank Alfalah
863:
836:
819:
802:
793:
772:. Retrieved
768:
759:
748:. Retrieved
744:
735:
724:. Retrieved
720:
711:
700:. Retrieved
696:
687:
676:. Retrieved
672:
663:
651:
639:
627:
615:
603:
591:
579:
567:
555:
543:
531:
502:
490:
478:
466:
454:
442:
430:
418:
401:
382:
379:Subsidiaries
373:
369:
349:
334:
322:
290:Aga Khan III
278:
233:
212:
208:
207:
198:efuinsurance
172:Subsidiaries
127:Headquarters
1436:Unity Foods
1431:United Bank
1411:Tariq Glass
1231:Meezan Bank
1136:Honda Atlas
1106:Ghani Glass
1091:Faysal Bank
981:Atlas Honda
976:Askari Bank
971:Allied Bank
961:AGP Limited
669:"Efu Group"
608:Ansari 2010
352:Khuda Buksh
341:Khuda Buksh
285:Murshidabad
1465:Categories
1181:K-Electric
1121:HabibMetro
786:References
774:2020-07-12
750:2020-07-04
726:2020-07-04
702:2022-11-11
678:2020-07-04
644:Rahim 2011
572:Rahim 2011
560:Rahim 2011
536:Rahim 2011
524:Buksh 2010
495:Rahim 2011
483:Rahim 2011
435:Rahim 2011
357:Afro-Asian
326:Chittagong
254:in 1971.
252:Bangladesh
234:After the
142:Key people
59:Trade name
1046:DG Cement
1031:Cnergyico
855:769102385
404:EFU House
398:EFU House
306:Hyderabad
227:based in
106:Insurance
97:component
73:Traded as
28:EFU Group
1226:MCB Bank
1131:Highnoon
996:Avanceon
828:47623993
811:47623996
240:Pakistan
229:Calcutta
163:Products
135:Pakistan
102:Industry
1386:Service
1176:Javedan
355:in the
337:Karachi
258:History
225:Muslims
193:Website
131:Karachi
117: (
112:Founded
95:KSE 100
89::
81::
50:Karachi
1376:Sazgar
951:Abbott
870:
853:
843:
826:
809:
310:Bhopal
296:(last
1401:SNGPL
1391:Shell
1321:PIBTL
1141:Hubco
410:Notes
361:Japan
281:Surat
1351:Ptcl
1291:OGDC
868:ISBN
851:OCLC
841:ISBN
824:OCLC
807:OCLC
402:The
292:and
246:and
217:Urdu
200:.com
119:1932
115:1932
91:EFUL
83:EFUG
1301:PEL
1116:HBL
1111:GSK
215:, (
87:PSX
79:PSX
1467::
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767:.
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514:^
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