EOBI Life Certificate Verification - Proof of Life Verification 2021

Eobi Life Certificate or Eobi Proof of Life Certificate

Whenever an individual gets retired he/she applies for their old-age benefits and gets after completion of due process. During the process of application every document submitted by employees are scrutinized and kept in record for future requirement such as submission of proof of life certificates, updated address or contact numbers etc.

EOBI has registered their insured persons and pensioners in their databases and are committed to make their system free from ghost pensioners or insured persons. For this purpose EOBI Pak has devised the method with collaboration of Bank Alfalah Ltd (BAFL) where all the registered pensioners of EOBI will have to perform their Proof of Life or Biometric Verification after every six months. When the pensioner performs their bio-metric verification, the bank directly receives their life verification report and their pension payment period is extended for upcoming six months.

All over the world the pensioners of any country are considered very important; as they have spent huge portion of their life in performing govt. duties. In Pakistan the workers-labors working in private companies are being registered time to time and they get their future secured after the retirement. Employees’ Old-Age Benefits Institution (EOBI) is the custodian of such private company pensioners.

Recently, the State Bank of Pakistan (SBP) has issued Circular 1/2021 dated 1^st Feb 2021 wherein all the registered banks are strictly directed to open accounts for the pensioner in country, they will be offered wallet accounts where the privileges of transfers of money and shopping etc are given. While on other hand EOBI pensioners are given with limited account facilities such as the EOBI pensioner would only be able to receive their EOBI monthly pension only. They cannot transfer any amount of money from their accounts to other accounts.

State Bank of Pakistan has directed all the pensioners to perform or submit their biometrics and life certificate in order to keep their accounts and pension active. If any pensioner fails to perform bio-metric or fails to submit their proof of life certificate in the month of March or September, their account and pension will be seized until their biometrics are performed.

EOBI pensioners do not fall in the ambit of SBP circular; as they are already performing their biometric verifications after every six months. So the EOBI pensioners are not required to submit EOBI Life Certificate or EOBI Proof of Life Certificate to any EOBI regional office.

If, there is any type of notification issued regarding same topic, the pensioners of EOBI will be informed through SMS by Bank Alfalah Ltd on their registered contact numbers.