EFU Life Assurance : Transmission of Annual Report 2021

Table of Contents

Introduction

Vision & Mission	4
Strategic Objectives	6
Core Values	9
Key Financial Highlights	11
Technological Progress	12
Distribution Footprint	14
CSR Initiatives	17
Products & Solutions	18
Our Team	21

Corporate Information

Directors Profile	22
Leadership Team	24
Reaching Milestones Embodying Success	26
Sustainability & Corporate Social Responsibility	28
Organogram	29
Management	30
Committees	31
Company Information	32
Access to Reports & Enquiries	33
Company Profile	34
Performance Evaluation of the Board & CEO	35
Role of the Chairman and the CEO	36
Stakeholder Engagement / Quality Assurance	37
Significant Plans / Forward looking Statement	39
Code of Conduct / Statement of Ethics & Business Practices	40
Whistle Blowing Policy	41
Decisions Taken at the last AGM	44
Internal Control Framework	45
Financial Calendar	46
Notice of Meeting	47
Liquidity Management Strategy	53
Management Objectives & Strategies	54
Key performance indicator	55
Business Continuity Plan / Disaster Recovery Plan	56
Technology Governance	57
Investor Grievance Policy / Human Resource Development /
Avoiding Conflict of Interest	59
Resources, Capital & Changes in Financial Positions / Donations	60

Management Review and Representations

Sustainability Report	61
Audit Committee- Terms of Reference	62
Report of the Audit Committee	63
Chairman's Review 2021	65

Urdu Translation of Chairman's Review	68
Report of the Directors to the Members	69
Urdu Translation of Report of the Directors to the Members	92
Risk and Opportunity Report	93

Stakeholder's Information

DuPont Analysis For the year 2021	95
Summary of Cash Flow	96
Segment - Wise Review	97
Performance at a Glance	98
Share Price Sensitivity Analysis	100
Variation in Quarterly Reports	100
Key Financial Data for the Last Six Years	101
Key Operating and Financial Data	102
Graphical Analysis	103
Vertical Analysis	106
Horizontal Analysis	106
Revenue Application	108
Statement of Compliance with the Shariah Principles	109
Shariah Advisory Report to the Board of Directors / Profile of Shariah Advisor	110
Independent Reasonable Assurance Report to the Board of Directors
on the Statement of Management's Assessment of Compliance
with the Shariah Principles	112
Statement of Compliance with the Code of Corporate Governance	114
Review Report to the Members on Corporate Governance	119
Independent Auditors' Report	120
Statement of Financial Position	125
Profit & Loss Account	126
Statement of Comprehensive Income	127
Cash Flow Statement	128
Statement of Changes in Equity	129

Disclosures

Notes to and Forming Part of the Financial Statements	130
Window Takaful Operations - Financial Statements	181
Statement under Section 52(2)	200

Other Information

Pattern of Shareholding	201
Glossary	203
Group Benefit - Offices	205
Bancassurance - Offices	205
Individual Life - Offices	206
Window Takaful Offices	217
Form of Proxy
Form of E-Voting
Bank Mandate Form

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