ISLAMABAD, AUGUST 13: Under sub-section (2) of Section 9 of the Insurance Ordinance 2000, the Securities and Exchange Commission of Pakistan (SECP) has terminated M/s EFU Health Insurance Limited’s registration as an insurer.
In light of the plan for the merger of EFU Health Insurance Limited and EFU Life Assurance Limited, SECP has revoked the registration.
M/s EFU Health Insurance Limited is no longer authorized to carry on insurance business in Pakistan and, as per scheme, any business activity carried by it or any liability incurred by it shall be payable by M/s EFU Life Assurance Limited, said the statement issued by the SECP.
Consequently, all policyholders of EFU Health Insurance Limited may contact M/s EFU Life Assurance Limited for any claim or liability with respect to their insurance policies.
The SECP has issued a notification – 1170(I)/2024 dated August 2nd, 2024, in pursuance of the provisions of sub-section (1) of Section 10 of the Insurance Ordinance, 2000.
