Eastern federal union insurance company was established in 1932 by Mr Ghulam Muhammad with the financial support of Aga Khan III and the Nawab of Bhopal. After partition EFU moved to Pakistan from India. The company started growing rapidly and maintaining a great reputation in the insurance industry of Pakistan. It's one of the largest insurance companies which offer the best life, health, car and travel insurance services.EFU General is rated by JCR-VIS, PACRA and AM Best. JCR-VIS, PACRA have assigned rating of AA+ with stable outlook and AM Best have assigned rating of B+ with Outlook Positive. EFU is ISO 9001:2015 certified company. Regarding the recognition of EFU's services to the industry and the economy of Pakistan, it has also received various awards including Corporate Excellence Award of Management Association of Pakistan, Best Corporate Report Award of the Institute of Chartered Accountant of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP), Achievement Award & Gold Medal of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI), SAFA Best Presented Annual Report (Certificate of Merit) of South Asian Federation of Accountants (An apex body of SAARC), Brands of the Year Award of Brands Foundation, Consumers Choice Award of Consumers Association of Pakistan, and Top 25 Companies Award of Karachi Stock Exchange etc., etc.
