KARACHI: EFU Life and Orix Leasing Pakistan Limited have joined hands to provide depositors of Orix with accidental death and hospitalisation insurance. This initiative was driven by the desire to provide a value-added benefit at no additional cost to Orix depositors, says a press release. The amount of insurance benefit will vary according to the total deposited amount, with a maximum benefit of Rs2 million. All Orix depositors between the ages of 18 and 65 will be automatically insured under this initiative. Orix is the largest leasing company in Pakistan with total assets of over Rs22 billion. The agreement was signed by EFU Life MD and CEO Taher G Sachak and Orix CEO Teizoon Kisat.
Published in The Express Tribune, July 13th, 2013.