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IGI General Insurance Ltd.

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Overview of IGI Insurance

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History i

iiiiiiiiiiiiiiiiiiiiiiii i i i i i i i i i iIGI iinsurance iwas iestablished iin i1953. iIts ifirst ichairman
iwas iSyed iMaratab iAli. iIGI iis ia iflagship iorganization iof i iPackages iGroup. iIt iwas
ilisted ion iKarachi iand iLahore istock iexchanges iin iDecember i1987. iThe icompany
iunderwrites iall itypes iof iproperty iand icasualty iinsurance: ifire, imarine, imotor,
itravel, ihealth, ihome iand imiscellaneous. i

IGI iInsurance ihas iestablished ia isound i ibusiness ifooting iin ithe inon-life
iinsurance isector iin iPakistan ion ithe ibasis iof iwell igoverned ioperations iand
ihighest iethical iand imoral ipractices iover ithe ilast i50 iyears. iToday iIGI iInsurance
iis ione iof ithe ileading iquoted iinsurance icompanies iof iPakistan, iproviding
icomprehensive irisk imanagement ifacilities ito ia inumber iof idistinguished ilocal
iand imultinational icompanies ithrough ia inetwork iof ibranches iin iPakistan. iHaving
isome iof ithe ibest irenowned ireinsurers iholding ithe ihighest iratings iin itheir
iprospective ibusinesses i, iallows iIGI iInsurance ito ioffer ia idiversified ibasket iof
iproducts iits iclients.

In iline iwith icompanies igrowth istrategy, iUK iin i2004, iIGI iInsurance iacquired ithe
iPakistan ioperations iof iRoyal iand iSunAlliance iPlc. iAs ia iresult iof ithis itransfer, iigi
iinsurance ipositioned iitself iamongst ithe itop ifive iinsurance icompanies ioperating
iin iPakistan. iThe icompany iis inow ia iglobal inetwork ipartner iwith iRoyal
iSunAlliance iPlc iUK. i

IGI iInsurance iis ia ivital ipart iof ithe icorporate ibody iof iIGI iFinancial iServices
iwhich iincludes iIGI iInvestment iBank iLimited, iit’s iwholly iowned isubsidiaries, iIGI
iFinex iSecurities iLimited iand iIGI iFund iLimited. iIGI iInsurance ihas iproven iitself iin

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 ithe iinsurance isector iof iPakistan ias iwell ias iensuring iits ipresence iin ithe ifinancial
isector iby isupporting iits ipartner icompanies. i i

 Vision

iiiiiiiiiiiiiii Vision statement,” IGI Insurance is committed to being one of the

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leading providers of solutions to risk exposures in selected market

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segments in Pakistan.”
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IGI Insurance is determined to be one of the top insurance companies of

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Pakistan in different segments, I,e fire, marine, hull coverage and

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prosperity.
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 Mission

iiiiiiiiiiiiiii Their mission is to realize their vision through preferring customers in

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providing solutions to risk exposure. Providing shareholders above market

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average returns on capital consistently. By providing employees the

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necessary environment to be the employer of choice. And community

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compliance with highest ethical and moral standards.

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 Core values i

iiiiiiiiiiiiiiiiiii Care: They say that care fitness and consideration are integral to our
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culture.
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iiiiiiiiiiiiiiiii Respect: they treat people with respect and dignity. i i i i i i i

iiiiiiiiiiiiiiiii Lead: they aspire to lead in what they do.

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iiiiiiiiiiiiiiiii Honesty: honesty, truthfulness and trust forms the backbone of all
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their activates.
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iiiiiiiiiiiiiiiii Courage: they stand up for what they believe in. i i i i i i i i i

 NATURE OF ORGINAZATION i i

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IGI General Insurance company is providing various types of insurance
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services to its customers like home, travel, fire, auto and marine insurance
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and other different services related to these products. It also provides

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different riders and group insurance to meet its customers needs.

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Products and service line i i i

Although IGI general insurance is a leading insurance among the private

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insurance companies working in Pakistan therefor it provides more services

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the any other insurance company in the insurance market of Pakistan. IGI
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general insurance provides a lo0t of more products and services to its

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clients like group insurance, reinsurance etc across the country.

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Pest analysis of IGI General Insurance

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It is most important instrument of the management for any business to

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create a better customer service to achieve organization objectives

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and goals. Because now in that era technology rapidly change the
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environment therefore competition increases at global level between

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the international companies to meet the diversification needs of

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customer. For markets completion meet the buyer interest and need
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and used micro competition. Therefore there are many factors that
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effect the result of companies to meet these needs of customers that

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are factors as follow.

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Political Environment i

There are many political factors that affect the companies’ progress towards
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achieving their goals and meet customer needs and wants. These political
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factors include political instability, new government applying new terms

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and conditions on the companies that must follow to operate in the country
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therefore companies restricted in there operation that effect their progress

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These are the objectives of the insurance companies that must follow to
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secure in that type of environment.

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iiiiiiiiiiiiiiiii Protection of banking imbalanced competition in the market. i i i i i i i i

iiiiiiiiiiiiiiiii Protection of interest of society. i i i i

iiiiiiiiiiiiiiiiii Economic Environment i

There is most important factor of any organization the

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i economic conditions. Any country Eco my describe its stability but wei i i i i i i i i i

i are live in Pakistan in which every government imply its own policies in
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i Pakistan tax rate increase day by day which weak the economy
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i stability. Present government economic position a little is better than

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i previous government but there is also a main problem with that

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i government that because this govt taking loan from IMFin very huge i i i i i i i i i i

i amount that is the record amount in Pakistan histry.in reality the

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i intrest rate decrease not beneficially for the financial institutes but the
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i other hand country economic position stable and more people come in
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i the markets for investment.

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i The main economic factors Inflation rate Interest rate Budget deficit.
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i Inflation rate i

i Interest rate i

i Budget deficit i

Social Environment i

A society is established on the norms, values, belief that are most

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meaningful for any society. People interact with the society while
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through sensible and insensible, individual, organization, company etc.

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For the banking sectors there will be most important to study the
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norms and values of the society and operate their business according
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 i to that norms. Because we prepare the report on the IGI General
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i Insurance therefore we studied about their operations. IGI General

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i insurance company operates across the country therefore necessary

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i for the IGI to learn the norms and values of that country that involve
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i demographic, ages, how much percentage of young and old ,age i i i i i i i i i

i groups of married and unmarried people although the IGI is leading

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i institution in almost all over the Pakistan. i i i i i i i

Technological Environment i

Technology is the key factor for any institution because it has great i i i i i i i i i i i

effect on the people lives. The technology changes people living

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standard also increase the completion between insurance companies

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and other instituting all over the word like in past in insurance
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companies the manual system was used when technology not occur.
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now there is the facility of internet and all small and main branches
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started with operation through internet.it is the technology that in

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past every insurance companies should maintain the record of all the
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clients on daily bases now this task done by the head office. On side
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technology easy the work but there is also increases risk in used better
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technology to full fill the needs of their customer.

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 Governance.
iiiiiiiiiiiiiiiiii At IGI, they believe that a solid foundation of good corporate
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governance and business ethics significantly contributes to our company’s

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abilities to compete effectively and realize our full value potential. Their
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company operates under the guidance and oversight of our Board of

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Directors who have a strong reputation for uncompromising integrity, each

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a leader in the industry to ensure we provide a sustainable value through

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 business fundamentals, corporate social responsibilities and talent
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stewardship.
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Board of Direct
Shamim
i Ahmad Khan Chairman

o Syed Hyder Ali Director

o Sajjad iftikhar Director

o Syed Hasnain Ali Director

o Tahir Masaud Chief Executive Offctor

o Faisal Khan Director

Basic Corporate Structure of a Company

To look after the interests of shareholders, many firms adopt a two-tier corporate hierarchy –
the first tier being the Board of Directors and the second tier being the company’s upper
management (COO, CEO, CFOWhat Does a CFO DoWhat does a CFO do - the job of the
CFO is to optimize a company's financial performance, including: reporting, liquidity, and
return on investment. Within).

Elected by shareholders are the Board of Directors – the ultimate governing authority of the
company. The Board of Directors selects the Chairperson and CEO. With the
recommendation of the CEO, the Board of Directors also elects the COO – Chief Operating
Officer – and CFO – Chief Financial Officer.

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 Roles and responsibilities of CEO

A CEO, which stands for Chief Executive Officer, is the highest-ranking individual in a
company Corporation. A corporation is a legal entity created by individuals,
stockholders, or shareholders, with the purpose of operating for profit. The creation

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 involves a legal process called incorporation where legal documents containing the
primary purpose of the business, name, and location or organization. The CEO is
responsible for the overall success of a business entity or other organization and for
making top-level managerial decisions. They may ask for input on major decisions but
they are the ultimate authority in making final decisions. There are other titles for
CEOs, such as chief executive, president, and managing director.
The Chief Executive Officer reports directly to, and is accountable to, the board of
directors for the performance of a company. The board of directors (BoD) is a group
of individuals who are elected to represent the shareholders of the company. The
CEO often sits on the board and, in some cases, she or he is the chairperson.
In addition to the overall success of an organization or company, the CEO is
responsible for leading the development and execution of longterm strategies.
Corporate Strategy Corporate Strategy focuses on how to manage resources, risk and
return across a firm, as opposed to looking at competitive advantages in business
strategy with the goal of increasing shareholder value, Equity value, commonly
referred to as the market value of equity or market capitalization, can be defined as
the total value of the company that is attributable to shareholders. To calculate equity
value follow the examples and step-by-step instruction in this straightforward guide
from CFI..
The roles and responsibilities of a CEO vary from one company to another, often
depending on the organizational structure and/or size of the company. In smaller
companies, the CEO takes on a more “hands-on role”, such as making lower-level
business decisions (e.g., hiring of staff). In larger companies, she usually only deals
with high-level corporate strategy and major company decisions. Other tasks are
delegated to other managers or departments.
There is no standardized list of the roles and responsibilities of a chief executive
officer. The typical duties, responsibilities and job description of a CEO include:
1. Communicating, on behalf of the company, with shareholders, government entities,
and the public
2. Leading the development of the company’s short- and long-term strategy
3. Creating and implementing the company or organization’s vision and mission

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4. Evaluating the work of other executive leaders within the company, including
directors, vice presidents, and presidents
5. Maintaining awareness of the competitive market landscape, expansion opportunities,
industry developments, etc.
6. Ensuring that the company maintains high social responsibility wherever it does
business
7. Assessing risks to the company and ensuring they are monitored and minimized
8. Setting strategic goals and making sure they are measurable and describable

The Role Of The Company Director

In the majority of jurisdictions, companies are allowed to operate with a sole director
(In Ireland sole director companies must have a separate secretary, a secretary is not
required in the UK) and there is no upper limit on the number of directors allowed.
When a director is appointed, the director’s personal details (name and address) are
added to the register of directors, which is normally maintained by the company’s
secretary. The relevant Registrar of Companies must also be notified.

A director is appointed by the shareholders by way of an ordinary resolution. It is also

possible for directors to appoint additional directors; however in most cases directors
can only fill “casual vacancies” and the new appointment is ratified by the
shareholders at the next general meeting. The ability of directors to appoint/remove
directors would be listed in the company’s articles.

Related:Having Your Say - Votes At General Meetings Explained

The role of a director is to manage the day to day operations of the company. This
includes the following:
•To open and operate bank accounts
•To bind the company by entering into deals and contracts
•To execute documents on behalf of the company
•To appoint agents and employ staff

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When exercising these powers, directors operate as a board as no individual director
can make decisions on behalf of the company (unless they are a sole director) and
such decisions must be discussed and voted on at board meetings.

The company’s articles may allow for one director to be empowered to make any and
all decisions affecting the day to day activities of the company, this individual is
known as the managing director (MD). It should be noted that the MD must still
discuss more important decisions (company strategy and/or large contracts and
purchases) with the other members of the board.

Directors Decisions

A board meeting is considered valid if a quorum is present (usually two,

however this can be amended in the articles). At the meeting, every director has one
vote and resolutions are passed by a simple majority. In cases were the votes for and
against are equal, the articles may allow the chairperson to have a casting vote. If this
is not accounted for in the articles then no casting vote is allowed and the resolution
is defeated.

When all directors are known to agree with a certain business decision, a written
resolution can be prepared instead of holding a board meeting. This resolution must
be signed by all the directors.

A signed copy of all resolutions and board meeting minutes should be placed on the
company’s minute book.

Directors Duties

A director owes a fiduciary duty to the company, this means they must always act in
the best interest of the company and should not:
•Use their position to make personal gains

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•Use company assets for a non corporate purpose
•Allow conflicts of interest
•Buy property from or sell property to the company

When there is a potential for conflicts or self dealing the transaction can still take
place. If the company’s articles permit it and the conflicted director(s) are not the sole
director, they can explain the issue to their fellow directors at a board meeting and
then remove themselves from the discussion, after which the independent directors
can decide whether or not the transaction is approved. If the director is a sole
director, the transaction should only take place with shareholder’s approval.

Directors also have a duty of care when acting on behalf of the company and must
act with reasonable and appropriate care and skill. If the acts of a director, either
negligent or deliberate, cause the company to make a loss, the director can be held
liable (misfeasance). Likewise the directors are also liable if the fail to act when a
reasonable person would have acted (non-feasance).

All of the above breaches can be rendered lawful if the director obtains approval from
the shareholders either in advance or retrospectively.

Products.
Home insurance:i

i iiiiiiiiiiiiiiiiiiiii i i i i i iThe icompany ioffers ian iaffordable ihome iinsurance iplan. iHome
iCover igives ia icomprehensive icoverage iagainst iany iaccidental idamage icaused
ito iyour iown ihome ior irental iproperty iin icase iof i irobbery, ifire, iaccidents ior i
inatural idisaster ifor ia imaximum iof iRs.20 imillions.
Home icover iis i ia icustomized i iinsurance isolution ifor iall ihome iowners/renters
ias iit iinsures ihome iproperty, ihome icontents, ijeweler iat ihome, ihome iowner ifree
irent, ihome itenants ifree irent, icash iat ihome iand ialso iallows ithe icustomer ito
iget iother ivalue iadded iservices i iat idiscounted irates. i i i

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 With ihome iinsurance ithe icustomer igets ihe ipeace iof imind iwhen ithey ineed iit
ithe imost.
Their ihome iinsurance iplan ioffers icoverage iagainst ithe ifollowing iperils.
 Fire, iLightning ior iExplosions i
 Aircraft, i& iother iAerial idevices
 Earthquake, iStorm, iTempest i& iFlood
 Bursting ior ioverflowing iof iwater itanks
 Impact iby iany ivehicle
 Riot i& iStrike
 Malicious iAct
 Burglary, iHouse iBreaking iincluding iDacoity
 Impact iof itree ifalling
 In iaddition ito ithese iperils iit iprovides isome iextensions ithat iaccompanies ithe
ibasic icontents icover
 Loss iof iMoney
 Replacement iand iinstallation iof ilocks ifollowing ibreak iin i
 Accidental ibreakage ito ifixed iglass iand iglass i itop iof ifurniture

 Damage ito icontents iby iprofessional ipackers iduring ihousehold iremoval.

Auto Insurance i

iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii IGI provides a complete auto insurance planfor

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both individual and corporate offerings. It covers the automobile against

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the risk of:

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 Accidental damage i

 Fire, external self ignition or lightening or frost

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 Burglary or theft i i i

 Malicious act i

 Riot and strike i i i

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 Flood, hail, wind, hurricane, cyclone, tornado or typhoon
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 Earthquake, volcanic eruption or other convulsion of nature i i i i i i i

 Whilst in transit by air, road, rail, inland waterway, lift or elevator

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 Third party legal liability i i i

 Terrorism
 The liberty to have your vehicle repaired at the workshop of customer
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choice and the cost of repairs being directly paid at the workshop
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 Good value for money, igi is giving the most commutative premium rates in
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the industry
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 IGI is giving the fastest claim settlement period

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 IGI assures guaranteed settlement of Accidental Damage/Theft/Total Loss

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claims within 15 working days

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Travel Insurance i ii

Travel Sure offers an enhanced policy for Schengen states and all
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Worldwide destinations, now covering its customers up to US$ 100,000 fo

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medical expenses abroad for both hospitalization and out-patient

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treatment. IGI has the finest travel plan that has been specially tailored
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according to your travelling needs and in order ti make your journey stress
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free with the assurance that any and all emergencies will be taken care in a
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prompt and professional manner.

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IGI in collaboration with international SOS, they offer international

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healthcare services through a dedicated call-collect number available from

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anywhere in the world

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By signing up IGI Travel Sure the customer can avail a bucket of free
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Assistence services.
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 Telephone medical advice i i

 Medical service provider referrali i i i

 Arrangement of hospital admission i ii i

 Medical translation service i i

 Delivery of essential medicine i i i

 Arrangements of emergency medical evacuation and repatriation i i i i i i i

 Arrangement of compassionate visit i ii i i

 Arrangement of return of minor children i i i i i

 Arrangement of accommodation i i i

 Interpreter referral i i

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 Lost luggage and passport assistance

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 Legal referrals i

 Emergency travel service assistance i i i i

 Emergency document delivery i i

General Policy Exclusions i i

We will not pay any claim, which results from loss or damage toproperity or
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expenses, directly or Indirectly caused by:

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1. Medical expenses arising out of pre –existed conditions

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2. Insured person traveling abroad to obtain medical treatment as a

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consequence of pre-existed conditions

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3. Any expenses for medical evacuation or repatriation if the insured person is
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not suffering from a serious medical condition and can be treated localy.
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4. Any treatment or expense related to childbirth, miscarriage or pregnancy.

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5. Any iloss isustained iwhile ithe iinsured iperson iis iparticipating iin iany

professional/extreme sport or engaging in any nonscheduled flight .

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6. Any expenses incurred as a result of a self-induced injury, suicide, drug

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addiction or abuse, alcohol abuse, or sexually transmitted diseases.

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7. Any expenses related to the Insured Person engaging in the commission

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of an unlawful act.
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8. If there is any single claim of Multitrip policy happened, policy will be

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expired for remaining duration.

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9. Maximum 30 days stay limit applied in one trip in 1 Year (Multi trip) plans
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for age more than 65 years, after any one trip policy will be expired.
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Personal Accident Insurance i i

This product ensure personal safety for you, financial security for your loved
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ones with IGI General Insurance Personal Accident Insurance Cover.

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Personal Accident policy covers you against; i i i i i

Accidental Death: i i

In case of death of the insured due to an accident within the policy period,
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the nominee (mentioned in the policy) is compensated with the Sum

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Insured.
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Permanent Total Disablement (PTD): i i i i

Personal Accident pays compensation against the permanent and total loss
i i i i i i i i i

of limbs, sight etc. due to an accident

i i i i i i i i

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 Scale iof iBenefits

 Accidental iDeath i100%

 Permanent iDisablement

 Death iOnly i100%

 Loss iof itwo ilimbs ior iboth ieyes ior ione ilimb iand ione ieye i100%

 Loss iof iarm iabove ithe ielbow i50%

 Loss iof iarm ibelow ithe iebow i45%

 Permanent itotal ideafness i(both iears) i50%

 Permanent itotal ideafness i(one iear) i25%

 Loss iof ione ieye i50%

 Loss iof ithumb i17.5%

 Loss iof iindex ifinger i12.5%

 Loss iof iany iother ifinger i5%

 LossScale iof iBenefits

 Accidental iDeath i100%

 Permanent iDisablement

 Death iOnly i100%

 Loss iof itwo ilimbs ior iboth ieyes ior ione ilimb iand ione ieye i100%

 Loss iof iarm iabove ithe ielbow i50%

 Loss iof iarm ibelow ithe iebow i45%

 Permanent itotal ideafness i(both iears) i50%

 Permanent itotal ideafness i(one iear) i25%

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 Loss iof ione ieye i50%

 Loss iof ithumb i17.5%

 Loss iof iindex ifinger i12.5%

 Loss iof iany iother ifinger i5%

 Loss iof ileg iabove iknee i50%

 Loss iof ileg ibelow iknee i35%

 Loss iof igreat itoe i5%

 Loss iof ianother itoe i3%

 iof I’leg iabove iknee i50%

 Loss iof ileg ibelow iknee i35%

 Loss iof igreat itoe i5%

 Loss iof ianother itoe i3%

Health Insurance
Health Sure offers a managed care solution to corporate clients and organizations to
provide healthcare needs backed by professional staff, financial strength and
insurance 0experience accumulated over a period of fifty years.

Health Sure covers personal health covers, hospitalization covers and maternity
covers. In addition, the product covers pre- and post-hospitalization expenses as
well. The covers also have a credit facility at IGI General Insurance's panel of
hospitals across Pakistan, Health Cards; discounts at pharmacies and diagnostic
laboratories; 24-hour medical hotline with staff doctors etc.

 Coverage extended to: Working employees & their dependent spouses & children

 Age limits: For employees & their spouses up to 65 years of age; unmarried/
unemployed daughters; sons up to 25 years age if unemployed; divorced / separated
/ widowed daughters dependent on the employees without any age limit.

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 Health declaration:Each insured employee must complete a health questionnaire
form, for underwriting purposes.

HOSPITALISATION BENEFITS

INPATIENT MEDICAL COVER

This pertain to hospitalization confinement expenses for non pregnancy related

conditions as follows:

 Hospital room charges for confinements inclusive of patient's meal charges

 Hospital services and supplies including:

 Physician, surgeon or anesthetist fees;

 Prescription drugs;

 Prescribed Pathological and Radiological investigations;

 Blood transfusions;

 Operation theater charges;

 Physiotherapy;

 Radiotherapy and Chemotherapy;

 Diagnostic or therapeutic endoscopic procedures;

 Post-hospitalization medical care;

 Any other medically necessary services.

 Pre-hospitalization cover: prescribed diagnostic tests and treatments followed by

an immediate and related hospitalization within 30 days.

 Post-hospitalization out-patient expenses: e xpenses in post hospitalization

period (30 days) after discharge from the hospital

EXTENDED MEDICAL COVER (OPTIONAL)

Per person annual benefit up to the age of 59 years for treatment upon
hospitalization when Inpatient Medical Cover Limit is exhausted.

ADDITIONAL BENEFITS

 Terrorist cover: hospitalization cover of any innocent insured person (not taking
part in terrorist activities) injured in any act of terrorism.

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 Day surgery : Pertains to coverage of specialized procedures as follows:

 Cataract;

 Lithotripsy;

 Hernia

 Endoscopy

 Other day surgeries

 Specialized Investigations: covered from hospitalization:

 CT Scan;

 MRI;

 Thallium Scan

 Angiography etc.

 International cover: Coverage of emergency hospitalization during overseas travel

of insured persons with reimbursement in Pak Rupee equivalent to cost for similar
procedure in Pakistan.

 Complimentary cover for accidental injury: A utomatic enhancement of In Patient

Medical Limit by 100 % for hospitalization due to an accidental injury.

OPTIONAL BENEFITS:

MATERNITY BENEFITS

 Maternity (hospitalization relating to pregnancy) pertains to:

 Normal delivery/Forceps;

 Caesarean section;

 Multiple birth;

 Ectopic/extra-uterine pregnancy;

 This entails the following services and supplies:

 Hospital room charges with patient meal charges.

 Miscellaneous hospital services and supplies.

 Labor room or operation theatre charges.

 Doctor's fees for delivery and subsequent visits during confinement.

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 Nursery care for the baby while the mother is confined.

 This optional cover for maternity benefits is available to married female employees
and wives of employees.

 Pre-natal (up to 9 months before delivery) and post natal (up to 6 weeks after
delivery) expenses for medicines, consultation and diagnostic tests related to
pregnancy

 Midwife expenses for delivery at home

 Circumcision expenses of newly born baby boy.

OUT-PATIENT BENEFITS

This pertains to reasonable and customary charges for medically necessary

treatment, & services of a licensed physician/ surgeon to the insured person for day
to day illnesses or injuries and may include the following:

 Consultation charges for allopathic, homeopathic or herbal medicine treatment;

 Prescribed medicine, diagnostic lab tests, X Rays and other diagnostic tests
 Dental care except supply of denture, scaling, polishing, capping, dental braces;
 Physiotherapy/acupuncture, Osteopathy,
 ECG, EMG and EEG examinations and other diagnostic tests;
 Pre-natal treatments, test & supplies;
 Cost of eye testing.
VALUE ADDED FEATURES

 Photo-ID Health Cards: W e are the first company in Pakistan to offer Photo-ID
Health Cards for availing cash free treatment at Network Hospitals.

 No Pre-Authorization required: for quick hassle-free services at network hospitals.

 Hospital Network: 125 + facilities nationwide.

 Facility of direct settlement of hospital bills as per entitlement at network hospitals.

The insured person need not pay any cash against security deposit or settlement
charges.

 Emergency Hotline Numbers: 24/7 *365 available nationwide.

 Claims Settlement Time: Fastest turnaround time of 10 working days.

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 Non-Accidental Emergencies: Selective life threatening conditions are covered as
per prudent common person definition.

 Unlimited ICU stay: I CU cover is available without any limit on the number of days.

 Coverage for new born babies: Insured automatically from their date of birth, as
per policy terms.

 Vaccinations: 1st dose covered at birth under maternity benefits.

Fire Insurance
Fire Insurance
Apart from the standard fire policy, which covers losses due to accidental fire,
various additional covers are available which include cover against damages caused
by riot & strikes and atmospheric disturbances (rain, floods, hurricanes etc.). You
can get a customized quotation for insurance of your house at the quotations page.
This cover is for property insurance like Factories, Offices and Homes and includes
perils like, fire, lightning, burglary and earthquake

Marine Insurance
Marine Cargo transit policies are issued both to cover inland transit risks as well as
international transit risks which may include cargo sent by air, sea or by post.

This policy covers imports and exports of consignments, loss or damage of cargo
during transit by Air, Sea and Road; also covers dispatch of finished goods from the
insured factory to anywhere in Pakistan.

This kind of coverage is provided to transport related businesses such as Ship Agents,
Freight Forwarders, Terminal Operators, Stevedores, Courier Services, etc. Our
average adjusters are uniquely qualified to put together an efficient cost-effective
team to deal not only with major casualties but also smaller problems. These adjusters
can act as arbitrators and conciliators in the search for an equitable solution to policy
controversies.

Miscellaneous Insurance
To cover a variety of risks so that you can be worry free! Wide range of industrial
risks is also covered such as business interruption, contractors all risk, risk of
computer data loss and machinery erection all risks. Pecuniary covers are available

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under cash in safe, cash in transit and fidelity guarantee policies. All these covers
are grouped together in the miscellaneous insurance covers. Another cover available
under the miscellaneous insurance head is the personal accident insurance. This
covers the risk of accidental death or injury to individuals. At the quotations page you
can also get a quotation for this kind of cover.

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