IGI Life Insurance Limited 3.91

International General Insurance Company of Pakistan Limited (IGI), the flagship organization of the Packages Group, was established in 1953. It is listed on the Karachi and Lahore Stock Exchanges and is presently one of the leading quoted insurance companies of Pakistan with its AA rating for the last 13 years from PACRA. IGI has a market value of assets over PKR 13.5 billion as of December 2013. IGI has an established track record of dealing effectively and efficiently with multinationals as a global network partner of Royal and Sun Alliance plc. UK.

IGI has been underwriting all types of property and casualty insurance: fire, marine, motor, travel, health, home and miscellaneous.Since 1953, IGI is providing comprehensive risk management facilities to a number of distinguished local and multinational business concerns through a network of branches in Pakistan. Now with the acquisition of MetLife Alico Pakistan, it has stepped into general life insurance under the banner of IGI Life Insurance Limited.

MetLife is a leading global provider of insurance, annuities and employee benefits, serving 90 million customers in over 45 countries. With over 146 years of experience, MetLife is a leading innovator and a recognized leader in protection planning and retirement and savings solutions around the world.MetLife,in addition to being the largest life insurer in the U.S. and Mexico, is now a leading competitor in Japan, it holds advantageous positions in Europe, and is in a top-five position in many high-growth markets of Central and Eastern Europe, the Middle East and Latin America.

American Life Insurance (Alico) first started its operation in Pakistan in 1952 and continued till 1972 when the life insurance industry was nationalized. By 1972, it had issued 72,000 policies and had invested more than US$36 million in the country’s economy. In 1994, Alico was the first foreign life insurer to re-enter Pakistan. MetLife Alico brings to Pakistan an extensive international expertise and cutting edge technology being used by our operations in the most developed markets.

The 60-year-long experience and financial strength of the Packages Group and the 146 years of international expertise and heritage of MetLife collectively has the established norms and principles of the insurance business and sound underwriting practices. Believing in fair play and an adherence to high ethical standards IGI Life will provide consumers and businesses with life insurance, accident and health insurance, retirement planning, and wealth management solutions. Being the only multinational offering a wide array of life, accident & health, savings, investments and pension products under one roof, IGI Life enjoys a unique position in the marketplace.

At IGI Life, our covenant with the customers will always be to provide the best risk management services in Pakistan. Thus we will continue to achieve success through a total commitment to customer satisfaction, a highly professional attitude towards underwriting risk and prudent management practices. By developing a long-term relationship with our clients, we will strive to create value for our customers and shareholders alike.