Feb 12, 2010: IGI Insurance Limited, a part of the IGI Financial Services, is now providing Health Insurance to Karachi Chamber of Commerce and Industry employees and their dependents.

After receiving the memento from Mr. Rasheeduddin Rashid, Acting President Karachi Chamber of Commerce and Industry, Mr. Jalees Ahmed Siddiqi CEO of IGI Insurance stated, “it is indeed an honor for us to have Karachi Chamber of Commerce and Industry on board with us. IGI Insurance provides customized services and tailor-made health insurance products backed by years of experience. Our financial strength along with our customer centric approach enables us to achieve our prime objective of fulfilling our customer’s needs efficiently”.

IGI Insurance has an ever expanding customer base of reputable companies including top national and multinational organizations. Over one hundred and twenty five hospitals all over Pakistan are associated with IGI Insurance ensuring wide coverage and ease of accessibility.

Amongst Pakistan’s leading insurance companies, IGI Insurance has been rated ‘AA’ by PACRA for the 9th consecutive year. This rating denotes a very strong capacity to meet policyholder and contract obligations.

About IGI Insurance
Established in 1953, IGI Insurance, a part of the IGI Financial Services Group, underwrites all types of property and casualty insurance. With over 55 years of experience, IGI has become one of the leading providers of risk management services listed on the Karachi and Lahore Stock Exchanges. IGI Insurance has also earned the ‘AA’ Insurer Financial Strength (IFS) rating by PACRA that denotes a very strong capacity to meet policy holders and contract obligations.

Karachi – November 13, 2009: IGI Insurance Limited, part of the IGI Financial Services Group, was awarded the ‘Merit award’ for the year 2008 in the category ‘Non –Banking Sector not subject to prudential supervision’ by the South Asian Federation of Accountants (SAFA).

The award was presented at a ceremony held in Dhaka, Bangladesh. Awards under different categories were conferred on the basis of evaluation by SAFA Committee for improvement in transparency, accountability and governance of the published annual reports of entries from South Asian Countries.

Muhammad Kashif Nisar, CFO IGI Insurance speaking at the occasion said, “Our commitment to following best practices in our business and a strong emphasis on governance has been complemented by this award. With a focus on continuous improvement, we strive to enhance the benefits provided to our stakeholders and customers.
Previously IGI Insurance Limited has also been awarded with the Best Corporate Report Award and Corporate Excellence Award.

About IGI Insurance
Established in 1953, IGI Insurance underwrites all types of property and casualty insurance. With over 55 years of experience, IGI has become one of the leading providers of risk management services across the country and has been listed on the Karachi and Lahore Stock Exchanges since December 1987. Furthermore, IGI Insurance has maintained the “AA” Insurer Financial Strength Rating by PACRA for 9 consecutive years, denoting a very strong capacity to meet policy holders and contract obligations.

About SAFA
South Asian Federation of Accountants (SAFA) was formed in the year 1984 to serve the accountancy profession in the South Asian Region and uphold its eminence in the world of accountancy. SAFA is an Apex Body of the South Asian Association for Regional Co-operation (SAARC) and a Regional Grouping of International Federation of Accountants (IFAC). SAFA represents over 170000 accountants having membership of the national chartered accountancy and cost and management accountancy institutions in the South Asian countries namely Bangladesh, India, Nepal, Pakistan and Sri Lanka. SAFA came into existence at the initiative of the accounting professional bodies in the South Asian Region, which has a bond of culture and homogeneity of professional environment.

IGI Insurance Limited, one of the leaders in general insurance in Pakistan has signed a Memorandum of Understanding (MoU) with the Overseas Private Investment Corporation(OPIC) U.S.A, working together to insure US investors in Pakistan against Political Risks.

IGI Insurance joins hands with the most experienced political risk insurer in the world, that has $ 4 billion in reserves and the backing of the US Government, with the confidence that this would not only improve and diversify its own line of business, but would reduce the risk of unfair interference, protect small and large investments, improve access to credit and also offer its clients flexible and affordable programs.

Mr. Rod Morris, Vice President of Insurance, OPIC during his visit to Pakistan said, ‘We aim at assisting small and large businesses in Pakistan, an emerging market where political risk insurance is missing on the private markets, it will accelerate Pakistan’s growth in all sectors paving a way to a better future. IGI Insurance is a channel through which this exclusive product will be offered and we are confident that it would facilitate improved investment and allow for improved insurance products in the future.

Mr. Jalees A. Siddiqi, CEO of IGI Insurance said, ‘Political Risk Insurance, particularly the coverage of Currency Inconvertibility and Expropriation, is a unique and specialized product that is going to be offered in Pakistan for the first time by a local concern and IGI Insurance is proud to be the company with that distinction. I feel that our strong relationship with OPIC and their patronage would immensely help the General Insurance Industry in Pakistan.’

During the visit Mr. Morris met a large number of business and government leaders in Lahore and Karachi where he discussed cooperation prospects with OPIC.

About IGI Insurance
Over the last fifty years IGI has established a sound business in the non-life insurance sector in Pakistan on the basis of well governed operations based on the highest ethical and integrity levels and a focus on customer service. Its secure ethical business base is manifest by the fact that whereas IGI is among the top 5 companies in the industry in Pakistan in terms of gross premium, it has the highest underwriting profitability ratio, solvency margin and net realizable asset value, and has one of the strongest balance sheets in the industry.

About OPIC
The Overseas Private Investment Corporation, OPIC, is an independent U.S. government agency that facilitates investment by U.S. organizations in emerging markets by providing financial and insurance related support. As a pioneer in Political Risk Insurance OPIC provides unparalleled expertise and has an unmatched reputation globally. Over its 38 year history it has supported projects in over 150 countries and it continues to work for the development and growth of free markets world wide.

Karachi – June 15th, 2009: IGI Insurance Limited, part of the IGI Financial Services Group, was awarded the Best Corporate Report (BCR) Award in the Non Banking Financial Institutions Category. Salim Raza, Governor State Bank of Pakistan presided the ceremony held at a local hotel in Karachi.

The award recognizes the best annual reports of companies in terms of accuracy, transparency, usefulness and speed of financial and other disclosures made for all stakeholders along with its presentation and ability to convey corporate objectives.

Jalees Siddiqi, CEO IGI Insurance when contacted said, “Stakeholders associate high quality annual reports as a fundamental to providing pertinent, concise and comprehensive information to understand the company’s operating and financial performance. This award recognizes that we are following good governance and management practices at IGI Insurance”.

The awards are adjudicated jointly by the Institute of Cost and Management Accountants of Pakistan (ICMAP) and Institute of Chartered Accountants of Pakistan (ICAP) and are regularly held since 2000.

About IGI Insurance:
Established in 1953, IGI Insurance underwrites all types of property and casualty insurance. With over 55 years of experience, IGI has become one of the leading providers of risk management services across the country and has been listed on the Karachi and Lahore Stock Exchanges since December 1987. Furthermore, IGI Insurance has maintained the “AA” Insurer Financial Strength Rating by PACRA for 9 consecutive years, denoting a very strong capacity to meet policy holders and contract obligations.

May 14, 2009: IGI Insurance Limited, a part of the IGI Financial Services, was proclaimed the winner of the 26th Corporate Excellence Awards for the Financial as well as Management Practices Category by the Management Association of Pakistan (MAP).

Amongst Pakistan’s leading insurance companies, IGI Insurance has maintained one of the highest Solvency Margins which proves the company’s ability to manage associated risks, along with its substantial risk absorption capacity, provides significant cushioning to make inroads into relatively high risk areas.

IGI Insurance also maintains the “AA” Insurer Financial Strength Rating with a Stable Outlook by PACRA that denotes a very strong capacity to meet policy holders and contract obligations.

After receiving the two awards from Mr. Salim Raza, Governor of State Bank of Pakistan, Mr. Jalees Siddiqi CEO of IGI Insurance stated, “Strong, effective management practices enable organizations and companies to attain high standards of performance across regions, cultures and markets. At IGI Insurance we strive to bench mark with the best in class and embrace good management practices in our business with strong emphasis on governance. Receiving this award is an indication that we are headed towards the right direction.”

Established in 1953, IGI Insurance underwrites all types of property and casualty insurance. With over 55 years of experience, IGI has become one of the leading providers of risk management services across the country and has been listed on the Karachi and Lahore Stock Exchanges since December 1987.

In order to commemorate the effort of travel agents selling IGI Insurance’s travel insurance – Travel Sure - policies, a prize distribution ceremony was conducted in the three major cities of Pakistan.

The ceremony was a culmination of the Travel Sure Rewards scheme for travel agents across the nation which was held from mid September 2008 to mid Jan 2009. This five month long scheme entitled IGI Insurance’s partner travel agents and agencies to secure fabulous prizes and rewards by selling Travel Sure policies.

Conducted successfully in Lahore, Islamabad and Karachi on the 31st of March, 1st of April and 8th of April respectively, the distribution ceremonies were a fun-filled and lively affair in which travel agents received attractive rewards including mobile phones, DVD players, juicers, blenders and much more. The highlight of all three events was the lucky draw through which the top travel agent, selling the largest number of Travel Sure policies won a generator, and the agency with the highest gross premium, won a flat screen television.

During the ceremony, IGI Insurance also unveiled their upcoming ‘IGI Rewards’, which would be another attractive incentive scheme for travel agents boosting the sales of IGI Travel Sure policies.

Present at the prize distribution ceremony Mr. Shahbaz Haider Agha General Manager of Sales and Marketing for IGI Insurance stated, “The success of IGI Insurance Travel Sure is greatly attributed to its sales. A majority of these sales are conducted by travel agents from different travel agencies. At IGI Insurance, we are cognizant of the hard work and contribution of our partner travel agents and agencies and our reward schemes are a means of recognizing their effort and enhancing their drive and motivation.”

About IGI Insurance Limited:
Established in 1953, IGI Insurance, a part of the IGI Financial Services Group, underwrites all types of property and casualty insurance. With over 55 years of experience, IGI has become one of the leading providers of risk management services listed on the Karachi and Lahore Stock Exchanges. IGI Insurance has also earned the ‘AA’ Insurer Financial Strength (IFS) rating with stable outlook by PACRA that denotes a very strong capacity to meet policy holders and contract obligations. For further details call 0800-234-34 or visit www.igiinsurance.com.pk.

March 14 2009: IGI Insurance Limited a part of the IGI Financial Services Group received Karachi Stock Exchange’s (KSE) prestigious Top Companies Award for the year 2006.

Conferred to twenty five companies, the awards are KSE’s means of recognizing the excellent performance of these companies on the basis of turn over of shares, distribution of dividend return on equities and other indices.

Amongst Pakistan’s leading insurance companies, IGI Insurance has maintained one of the highest Solvency Margins which proves the company’s ability to manage associated risks, along with its substantial risk absorption capacity, provides significant cushioning to make inroads into relatively high risk areas.

IGI Insurance also maintains the “AA” Insurer Financial Strength Rating with a Stable Outlook by PACRA that denotes a very strong capacity to meet policy holders and contract obligations.

After receiving the award from Mr. Shaukat Tarin, the country’s finance advisor, Mr. Jalees Ahmed Siddiqi CEO of IGI Insurance stated, “This award represents the relentless commitment and effort of the IGI Insurance team towards providing its customers and clients with peace of mind. Such rewards also strengthen our dedication to maintaining the highest standards of integrity and sound dealing in our relationships with all our stakeholders. “

Established in 1953, IGI Insurance underwrites all types of property and casualty insurance. With over 55 years of experience, IGI has become one of the leading providers of risk management services across the country and has been listed on the Karachi and Lahore Stock Exchanges since December 1987.

February 23, 2009: IGI Insurance Limited, a part of the IGI Financial Services Group signed an agreement with Pakistan Automobile Manufacturers Authorized Dealers Association (PAMADA) with respect to its comprehensive automobile insurance “IGI Auto Cover”.

The agreement will effectively include, “IGI Auto Cover” in PAMADA’s exclusive panel of automobile insurance providers for prospective buyers.

In a statement after the signing ceremony Mr. Saulat Said, CEO of IGI Insurance said,
“We are making major headway in the automobile insurance sector. Our aim is to introduce “IGI Auto Cover” to PAMADA association so that it becomes the preferred choice for individuals when they consider automobile insurance.”

Also present at the ceremony, Mr. PM Polad, Chairman of PAMADA stated, “I am honored to have IGI Insurance Limited on our panel of insurance providers. We hope this long term relationship proves beneficial not only for both the parties but more so for the population of automobile buyers throughout the country.”

An association formed in 2005, PAMADA serves the public interest and benefits franchise dealers such as Honda, Toyota, Mitsubishi and Suzuki and independent auto dealers by fostering high standards of business conduct. Its objectives also include presenting information to the public and to governmental agencies that will help auto dealers in our economy

 IGI Insurance has earned the ‘AA’ Insurer Financial Strength (IFS) rating with stable outlook by PACRA that denotes a very strong capacity to meet policy holders and contract obligations.

IGI Insurance held its Annual Sales Conference for 2009 at the Marriott Karachi from January 23rd to January 25th 2009. Sales teams from across the country shared their branch’s performance for 2008 and discussed their targets for the up coming year. At the conclusion of the conference, awards were presented for the following categories:

Best Performing Branch for 2008: Syed Maratib Ali Road Branch Lahore
Best Sales Person of the Year for 2008: Mr. Mohammad Amjad
Best Groomed Sales Person: Mr. Mohammad Haider Hashimi
Best Presentation: Faisalabad Branch
Best Presenter: Mr. Muhammad Ikram
A special award was also presented to Mr. Saulat Said for his commitment to excellence during his tenure as Chief Executive Officer of the company.
Congratulations to all the winners and best of luck to all the delegates for a successful 2009!

On this momentous occasion the participants and employees of IGI welcomed Mr. Jalees Ahmed Siddiqi who will be taking office from Mr. Saulat Said as CEO IGI Insurance.

Karachi: IGI Insurance Ltd. sponsored the annual Vintage & Classic Car Show at ‘The Forum’ on Sunday 16^th March 2008.

In collaboration with ‘The Forum’ and Vintage & Classic Car Club of Pakistan(VCCCP), IGI Insurance sponsored a mega event for all car enthusiasts in Pakistan who enjoy restoring, collecting, driving and owning vintage and classic automobiles. The event featured over 70 exotic and classic cars such as the historical Rolls Royce Silver Cloud (1955), Lincoln Continental Cabriolet V12 (1947), Aston Martin DB6 (1968), Ford Mustang Convertible (1965) and the Jaguar ‘E-Type’ (1961) all owned and restored by VCCCP members. The Rolls Royce Silver Ghost from 1924 was the highlight of the day.

Storms of people rushed in from morning to late night to pay homage to the classic automobile collection, with over 15,000 people in attendance during the peak evening hours. The show was an ideal platform for car enthusiasts to gather and share their passion for vintage automobiles while enjoying food, music classics and time with friends and family. The collectors of these cars have devoted a lot of time, energy and resources to have these cars restored and IGI Insurance is proud to have contributed in making it all happen. IGI Insurance has been at the forefront in facilitating activities that bring out the talent and taste of our country forward.   

IGI Insurance Ltd, a part of the IGI Financial Services Group, is one of the leading insurance companies in Pakistan and has been providing comprehensive risk management services since 1953. For more information, please log on to www.igiinsurance.com.pk or dial toll free at 0800-2-34-34.

Friday, 9th November 2007
A ceremony was held to conclude the IGI Travel Sure Summer Festival at Holiday Inn, Lahore. The Travel Sure Summer Festival lasted 2 months from June 1, 2007 to July 31, 2007. The event was organized by IGI Insurance Limited in collaboration with Global E-Commerce (Pvt) Ltd. (GE-COMM), the assigned distributors for Travel Sure, in order to commend travel agents for outstanding sales performance of Travel Sure Insurance Policies.

The IGI Travel Sure Summer Festival included two lucky draws for the grand prizes; Philips Home theater for the single-trip policy for travel agents with outstanding sales performance and the Philips Flat Screen 21” Television for the multi-trip policy for agents selling a high number of policies during the 2 months. Other gift incentives included Leather Travel Bags, Cordless Phones, MP3 Players, Mobile Phones, DVD Players and Car Stereo.

The winners of the lucky draw were Travel Technique-Sialkot for the multi-trip policy and Marco Polo Travels-Lahore for the single-trip policy. The winners were announced by Mr. Mustafa Chinoy, Chairman GE-COMM.

On this occasion Mr. Chinoy expressed his appreciation for the activity held by IGI Insurance Limited hoping to see the event return and other similar activities to motivate travel agents.

Mr. Shahbaz Haider Agha, Head – Business Development of IGI Insurance Limited congratulated the travel agents on their performance by adding that he would like to see the Travel Agents continue to perform with the same zeal that they have shown in the last 2 years. IGI Insurance Ltd. a part of the Packages Group provides risk management services and a complete line of general insurance products since 1953. For more information, please log on to www.igiinsurance.com.pk or dial toll free at 0800-2-34-34.

IGI Insurance Limited introduced the IGI Insurance Travel Sure Umrah Plan exclusively for the sacred journey of Umrah. With the approach of Ramazan, IGI Insurance Limited decided to bring forward a comprehensive solution to provide pilgrims with a hassle-free experience and protect them from the troubles of travel.

The IGI Travel Sure Umrah Plan ensures safety and convenience by offering additional services including lost luggage, legal referral, telephone medical advice, arrangement of hospital admission, medical translation service and delivery of essential medicine. Furthermore, families can avail cover of up to $2000 for children between age 1 month and 18 years.

The IGI Insurance Travel Sure Umrah Plan is available at all IGI Insurance branch offices located in Karachi, Lahore, Islamabad, Sialkot, Multan, Faisalabad and Gujranwala or from Travel Agencies including Oasis Travels, Intiana Travel & Tours, American Express Travel, Travel Networks, Bokhari Travels, Aroma Travels, Fazl-e-Rabbi Travels, Sonia Travels and others.

IGI Insurance Limited (formerly International General Insurance Company of Pakistan Limited) is one of the leading insurance companies of Pakistan . Established in 1953, IGI Insurance underwrites all types of property and casualty insurance: Fire, Marine, Motor, Travel, Health and Miscellaneous. For more information please dial toll free at 0800-2-34-34

IGI Insurance (formerly International General Insurance Company of Pakistan Limited), one of the leading insurance companies of Pakistan, hosted a seminar on Defensive Driving at the Packages Ltd. Office in Lahore. The seminar was held to draw attention to the benefits of defensive driving; the right kind of attitude and behaviour needed for safer driving and hazard recognition skills. The discussion was focused on the importance of driving responsibly along with tips that could help save a life in emergency situations. An assessment exercise designed to evaluate the knowledge of general traffic rules and hazard recognition skills of those present was included.

This seminar was part of IGI Insurance’s drive to create a healthier, much safer driving environment in Pakistan. IGI Insurance also offers free Personal Accident Cover and Emergency Roadside Assistance with their Auto Insurance plan. Auto Cover is a comprehensive cover including theft, snatching, armed hold-up, accidental damage, third-party liability and terrorism with 24/7 Customer Support Services and discount on installation of standard car tracking device.

IGI Insurance Ltd. a part of the Packages Group provides risk management services and a complete line of general insurance products since 1953. For more information, please log on to www.igiinsurance.com.pk or dial toll free at 0800-23434

IGI Financial Services participated in the Dawn Lifestyle Exhibition 2007 held on the 22nd, 23rd and 24th June 2007 at the Karachi Expo Center. The participating organizations were IGI Investment Bank Ltd, IGI Insurance Ltd, and IGI Securities with their respective brands (Fund Select, Travel, Fire, Marine, Auto Insurance and I-Trade).



This was the seventh successful year for the “All about Lifestyles” Exhibition in which companies belonging to different arenas gathered to display & promote their services. The ambience was that of a gala full of people, music, games; the turn out like every year was substantial and the dedication of our team at the IGI Financial Services stall made the event a success for us.

IGI Financial Services is a dynamic family of diversified companies belonging to the Packages Group that provides investment banking, insurance, asset management and full service brokerage in stocks and securities to a variety of customers nationwide. You can call us toll free at 0800-23434 to speak to our representative.