ISLAMABAD: President Asif Ali Zardari on Friday upheld 9 selections of the Federal Insurance Ombudsman (FIO), directing insurance organizations to pay a collective sum of over Rs 15.2 million to insurance policyholders or their family contributors. The president gave these directions at the same time as rejecting six representations of EFU Life Assurance Ltd and 3 representations of Pak-Qatar Family Takaful Ltd, filed towards FIO’s selections. As according to the information, it changed into alleged before FIO that the dealers of EFU Life Assurance allured Muhammed Shafiq and Adeeb Roshan, whereas Muhammad Mumtaz Malik, Muhammad Shabbir, and Abid Hussain Khokhar were enticed by way of the retailers of Pak-Qatar Family Takaful Ltd to make investments their monies in worthwhile schemes, assuring them of month-to-month returns on their investments. When they approached the organizations involved for returns or reimbursement of their amounts, the businesses rejected their claims. In different instances, EFU Life Assurance Limited repudiated the loss of life claims filed through the own family members of late Ali Haider, Shaikh Ali Hassan, Chand Ali, and Ali Akbar. Feeling aggrieved, the complainants one after the other approached the FIO for the redressal in their proceedings. The Ombudsman, after listening to their instances, directed the businesses to pay a complete of Rs 15.2 million to the complainants. Later, the coverage groups filed separate representations in opposition to the selections of FIO earlier than the President of Pakistan. The hearings of the cases have been held at Aiwan-e-Sadr, and due to the fact, no felony illness changed into found within the impugned orders of FIO, the representations have been rejected. Consequently, EFU Life Assurance Ltd changed into directed to pay Rs three million to Nazara Bibi, Rs three.077 million to Noor Hassan, Rs 2.508 million to Naik Muhammad, Rs 796,000 to Kamila Ali, Rs 1.612 million to Muhammad Shafiq, Rs 933,992 to Adeeb Roshan. Similarly, Pak-Qatar Family Takaful Ltd has also been directed to pay Rs 636,456 to Muhammad Mumtaz Malik, Rs 1.319 million to Mr Muhammad Shabbir, and the very best cash fee of Rs 1.328 million to Mr Abid Hussain Khokhar.
