How do I check my EFU policy details?

How do I check my EFU policy details?

All you have to do is type “EFU LIFE” on your mobile phone and send to 9898. You can also message us directly on the following short codes. You can access your policy details anytime from anywhere directly by typing the short codes given below followed by your policy number.

What is EFU Life in Pakistan?

EFU Life was the first life insurance company in Pakistan to be awarded the ISO 9001:2008 certification, and received the “Insurer Financial Strength” rating of AA, Outlook: Stable, by JCR-VIS, an affiliate of Japan Credit Rating agency.

Who is the owner of EFU company?

Taher G. Sachak (1994–)EFU Group / CEO

How is cash value calculated in EFU?

You can determine the cash value of your policy at any time by simply multiplying the number of units allocated in your policy to the Bid Price of the fund your policy is linked to. Mathematically, Cash Value = Number of units x Bid Price of the Fund.

Is EFU private or Government?

private sector
In 1990, the Government of Pakistan reopened the life insurance business to the private sector organisations and EFU Life Assurance Ltd started operations in November 1992 as the first private sector life insurance company.

How old is EFU?

1932. 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.

How do I claim EFU Life insurance?

You can simply reach us at (021) 111-338-111 (111-EFU-111) or write an e-mail at [email protected] to file your claim. Once the claim is intimated our agent will ask for required set of documents mentioned below.

Is insurance halal in Islam?

4. All Insurance is a form of Gambling or Wagering, which is forbidden in Islam.

Is health insurance allowed in Islam?

Health insurance schemes have turned a noble service in to a business activity, hence under Islam it is not permitted, they said.

Is medical insurance haram?

Is life insurance Halal or Haram?

fully halal
Life insurance with takaful is considered to be fully halal, and provides financial protection alongside long-term savings. Life insurance is considered to be an important financial planning tool, aimed at providing protection for the family and children of the deceased.

Is State Life Insurance halal?

State Life Insurance Corporation Of Pakistan Fatwa For State Life Insurance Is Pure Is Halal. However Further Clarity Is Required As State Life Insurance Invest Its Amount In Real Estate Business N Insurer Is A Share Holder In Profit N Loss Basis.

Is life insurance allowed in Islam?

Whilst Islam does not expressly prohibit life insurance, there are some considerations that need to be borne in mind by those looking for Islam centred insurance products. In Islam, life insurance is not seen as contradictory to any Islamic laws or principles.

Is insurance allowed in Islam?

Conventional Insurance. Most Islamic jurists conclude that conventional insurance is unacceptable in Islam because it does not conform with sharia for the following reasons: Conventional insurance includes an element of al-gharar or uncertainty.

Is EFU Life insurance Halal?

Worried about how to make sure you’re protected against unforeseen personal or business circumstances but also want to make sure your insurance is halal? Look no further. Underwritten by EFU Life, our Takaful plans are completely Shariah complaint.