Our mission is to continuously improve ourselves to become a leading, profitable Company, meeting the needs of our customers and enhancing the value of our shareholders’ investment. We will accomplish this by using the strengths of our people and the application of innovative science for the development of new insurance products and services that are high in quality and competitive in price
Family & Individual Health Insurance
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| Reliance Insurance Company Limited, was incorporated in Pakistan in the year 1981 with a share capital of Rs. 5.0 Million by two leading industrial houses of Pakistan, namely Al-Noor Group and Amin Bawany Group. Al-Noor Group is headed by renowned industrialist Mr. Ismail H. Zakaria, who is also the chairman of Reliance Insurance, while Amin Bawany Group is headed by Mr. Mohammad Amin Ahmed Bawany, who is also the Director of Reliance Insurance. Both the groups having successfully implemented a number of projects, are currently leading industrial groups of Pakistan. The Present Authorised Capital of the Company is Rs.500 Million while paid-up capital is Rs. 176.225 Million. 'Reliance Insurance' Completed 26 Years of quality service in November,2007 and is celebrating its Silver Jubilee and are extremely thankful to all those who have catalyzed our success story. Reliance is one of the leading General Insurance Company of Pakistan having a network of 28 branches at all important places throughout Pakistan employing a full time work force of 203 persons. It underwrites all classes of General Insurance and enjoys reputation second to none. Apart from the traditional covers such as Fire, Accident, Motor, Marine (Import and Exports), Loss of Profits, Personal Accident, Group Hospitalization, Workmen's Compensation, Burglary, Cash-in-Safe or in Transit etc., it also transacts non-traditional covers such as Machinery Breakdown and Loss of profits following Machinery Breakdown, Contractors All Risks, Erection All Risks, Bond and the like. Since its establishment, Reliance has progressed smoothly and steadily. Its Gross Premium income has increased from Rs. One Million in 1983 to Rs. 526.88 Million in 2006, while the Pre-Tax profit has increased from Rs. 0.14 Million in 1983 to Rs. 80.63 Million in 2006. At the end of 2006 General Reserve stood at Rs. 62.50 Million and Technical Reserves at Rs. 273.24 Million. Reliance has been assigned Insurer Financial Strength (IFS) rating of "A-" by both the recognized rating agencies of Pakistan. i-e JCR-VIS Rating Company Limited & Pakistan Credit Rating Agency Limited. Their Press Release Dated 29th June,2006 and 10th July,2006 respectively is available on their website i.e.www.jcrvis.com.pk and www.pacra.com for visitors. Following surveillance of rating based on 2006 financials, JCR-VIS Credit Rating Company Limited (JCE-VIS) vide its Press Release dated 10th September, 2007 upgraded a 'Positive' outlook to'Reliance' whilst maintaining rating at 'A-' ( Single A Minus ). Reliance Insurance Company has the following Vision & Mission goals and is continuously striving for excellence. VISION : To be recognized as a professional and dependable business entity committed to play a meaningful role in the development of insurance industry in Pakistan and to safeguard the legitimate interests of all stakeholders, namely,policy-holders,shareholders,reinsurers,employees and all other business associates/partners. MISSION : To provide quality service and protection to its Clients aiming at achieving a respectable volume of business and become a prominent player through good governance and sound professionalism focussing to become a well-known and respected Corporate entity in the eye of Society and Government. Board Of Directors :
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Contact: 2nd Floor, Nadir House, I. I. Chundrigar Road, Karachi. Tel: (021) 2415471-3
Bord of Directors | |
| Chairman: | Muhammad Sadique Lone |
| Chief Executive: | M. B. Manaf |
| Directors: | Khawaja Zaka-Ud-Din |
| Muhammad Hanif Khan | |
| Muhammad Ishaq Butt | |
| Navid Iqbal Sheikh | |
| Majid Imtiaz Abbasi | |
| Audit Committee: | Muhammad Hanif Khan |
| Navid Iqbal Sheikh | |
| Muhammad Ishaq Butt | |
| CFO & Company Secretary: | Sheikh Arfan Ikram, ACMA |
| Auditors: | Fazal Mahmood & Co. |
| Charted Accountants | |
| Lahore | |
| Bankers: | National Bank of Pakistan |
| Muslim Commercial Bank Limited | |
| Faysal Bank Limited | |
| Prime Commercial Bank Limited | |
| PICIC Commercial Bank Limited | |
| Bank Al-Falah Limited | |
| Standard Chartered Bank | |
| Habib Metropolitan Bank Limited | |
| Industrial Development Bank of Pakistan | |
| Alied Bank of Pakistan Limited | |
| Saudi Pak Bank Limited | |
| Habib Bank Limited | |
| KASB Bank Limited | |
| Bank Al-Habib Limited | |
| NIB Bank Limited | |
| My Bank Limited |
PRODUCTS
Prime focuses its underwriting efforts on non-standard, hard-to-place insurance risks that cannot be readily placed with admitted insurance carriers by developing industry and line-specific underwriting, rate and risk management guidelines to provide a market.
You won’t hear Prime say, “We can’t write that,” or “We don’t do that.” We can and will write your risks.
Prime’s general product lines fall into the following categories:
Specialized markets are also serviced. See each of the line category headings for a more complete list of the markets we service.
Prime also pays competitive commissions and, in some instances, bigger commissions to producers.
To further assist producers place their business, in-house financing is available throughGreenlight Premium Finance Company.
Info
| Contact Person
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| If you have good professional qualifications and / or experience in insurance. Individual Life Corporate Life |
PRCL is a public sector company under the administrative control of the Ministry of Commerce. The Company is headed by a Chairman with a nine member Board of Directors. Seven members of this Board are nominated by the Federal Government while others are elected from the business community enjoying excellent business credentials.In addition, the management is supported by a strong team of professionals who handle the business affairs of the Company.
The role of PRCL in economic development of Pakistan is significant. In the process of economic development the local industry both in public and private sectors has successfully been provided the required insurance protection with the reinsurance support of PRCL. PRCL is aware of the increasing requirement of insurance and reinsurance of a progressive economy and is thus making great efforts in coming up to national expectations. The progress so far made signifies consolidation of our position, both at home and abroad and encourages further expansion.
The compulsory and voluntary cessions to PRCL provide very attractive and competitive terms to the local insurance companies. Cession under 15% Quota Share has no maximum limit and thus provides comparatively higher rate of commission for the portfolio which would otherwise be reinsured on facultative basis with a lower commission.
| About Us | |||||||
SILVER STAR INSURANCE COMPANY LIMITED, A public limited Company, listed in Karachi, Lahore and Islamabad Stock Exchanges, was incorporated on May 3rd, 1984 under the repealed Companies Act, 1913 and the business commencement certificate was issued on September 2, 1984...
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Contact Info
EXCEL INSURANCE COMPANY LTD.
38/C-1, Block-6, PECH Society Shahrah-e-Faisal, Karachi 75400, Sindh, Pakistan
Phone: 9221-111777666 / 4548077
Fax: 9221-4548076
GULF RATED "A-" (Excellent) FOR THE 7th YEAR
For the seventh consecutive year, Gulf Insurance Limited has retained a rating of “A-“ (Excellent) by A.M. Best Company Inc., the world’s oldest and most authoritative source of insurance companies| NOTICE OF MEETING | ||||||||||
| Notice is hereby given that the Twelfth Annual General Meeting of DELTA | ||||||||||
| INSURANCE COMPANY LIMITED will be held on 30th June 2001 at 12:30 p.m. at | ||||||||||
| 101, 1st floor, Baghpatee Building, Altaf Hussain Road, New Challi, Karachi-74000 to | ||||||||||
| transact the following business. | ||||||||||
| 1. To read and confirm the minutes of the Extra ordinary Generally Meeting held on | ||||||||||
| February 3, 2001. | ||||||||||
| 2. To receive and adopt the audited accounts of the company for the year ended | ||||||||||
| December 31, 2000 together with Directors and Auditors report thereon. | ||||||||||
| 3. To appoint Auditors and fix their remuneration. The present auditors M/s. | ||||||||||
| Mehmood Zuberi & Co-Chartered Accountants, being eligible, offer themselves | ||||||||||
| for re-appointment. | ||||||||||
| 4. To transact any other business with the permission of the chair. | ||||||||||
| By the order of the Board | ||||||||||
| (S. DABIR HASAN) | ||||||||||
| Karachi: June 08, 2001 | Company Secretary | |||||||||
| NOTE: | ||||||||||
| 1. The share transfer book of the company will remain closed from 21st June 2001 | ||||||||||
| (both days inclusive). | ||||||||||
| 2. A member of the company entitled to attend and vote may appoint any member as | ||||||||||
| his/her proxy to attend the vote on his/her behalf PROXIES MUST BE | ||||||||||
| RECEIVED AT THE HEAD OFFICE OF THE COMPANY NOT LESS THAN | ||||||||||
| 48 HOURS BEFORE THE TIME OF THE MEETING. | ||||||||||
Mission
To play a positive role and contribute our share in strengthening and building up country’s economy.
To emerge as one of the Pakistan’s services oriented leading insurer.
To be committed to ongoing improvements in customer services and technical excellence.
To groom and retain dedicated and competent staff empowered and developed to their full
potential, acting with integrity at all times.
To use our Shareholder’s funds in their best possible manner o ensure optimal financial returns for them.
To initiate and promote contributions to the society.
Vision
To provide cost effective insurance services with outstanding risk management devices.
Asian Mutual Insurance (AMIC) is providing efficient service to its Clients and also paying good dividends to its shareholders regularly. The equity of the company has grown from Rs. 1.6m in 1971 to Rs.370.8 million in 2000. Investments at cost have grown from 3.4m to over Rs. 280m. In 1995 the company paid one of the largest single claim in the country of over Rs. 380.0m which speaks of the inherent strength of the company and the satisfactory re-insurance arrangements.
The company enjoys full support and backing of the MSN Group and has re-insurance arrangements with world renowned re-insurers like Swiss-Re, Hannover-Re, Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance Inc.
To provide prompt and efficient service to clients AMIC has developed a branch network all over the country. It has also developed team of professionals always striving to excel in service.
In line with the MSN Group philosophy and commitment, Asian Mutual Insurance is being managed in accordance with good international practices and entrepreneurial norms and customs as followed by the reputable international insurers.
Asian Mutual Insurance is a financially sound and a professionally managed company and has been awarded the "KSE Top 25 Companies Award 2008".
The company was also adjudged as one of the "Top 5 companies" in the financial sector by a joint committee of the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost & Management Accountants of Pakistan (ICMAP) and was awarded the "Best Corporate Report Award 2008".
| Address : | ZONAL OFFICE. 4th Floor, Haji Chambers, Altaf Hussain Rd. | ||
| Telephone no. | +92-21-2411798
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Century Insurance Company Limit
ed, a Lakson Group Company, was incorporated in Pakistan in 1985 as a Public Limited Company and is quoted on Stock Exchanges in Pakistan. It commenced general insurance business in 1989 and since then the company has “Alhamdollilah” maintained continuous growth.
The Lakson Group is one of the largest groups in Pakistan with core businesses consisting of packaged goods and services generating sales revenues over Rs. 25 billion per annum. The Group provides employment to over 10,000 persons – it has in its fold 14 (fourteen) Companies of which 7 (seven) companies are quoted on domestic Stock Exchanges.
CENTURY has been assigned an Insurers Financial Strength Rating (IFSR) of ‘A’ by JCR-VIS Credit Rating Company Ltd. which signifies “High Capacity to meet Policyholders and Contract Obligations”. The Company has been awarded their highest F&J Ranking of “A+” by M/s. Vital Information Services (VIS). The Company has also been awarded the “Top 25 Companies Award” of the Karachi Stock Exchange (KSE) twice consecutively for 1997 & 1998.
CENTURY is a progressive and customer focused Company, growing rapidly by establishing long-term relationships and now stands at the fore-front of insurance industry of the Country. Besides providing traditional coverage like Fire, Marine & Motor, CENTURY also provides covers for Erection All Risk, Contractor All Risk, Personal Accident and in the specialised fields of Engineering Insurance including Machinery Breakdown, Loss of Profit and Fire Risk Management among others.
CENTURY has Reinsurance arrangements with M/s. Mitsui Sumitomo Reinsurance Ltd., (Japan), M/s. ARAB Insurance Group, BSC, (Bahrain), M/s. Korean Reinsurance Company, Korea, and M/s. Swiss Reinsurance Company (for facultative arrangements).
CENTURY successfully meets the general insurance needs of prestigious local and multinational companies – some of our valued clients includes Citibank N.A., Standard Chartered Bank, Union Bank, Faysal Bank, First Grindlays Modaraba, Fauji Foundation, Colgate Palmolive Company Inc. (USA); Century Paper & Board Mills Ltd., Lakson Tobacco Company Ltd.(Philip Morris of USA and Rothmans of Pall Mall – UK), McDonald Restaurants (USA), Packages Ltd., Tripack Film, Nestle Milkpak Ltd., Tetrapak Pakistan Ltd., Dadex Eternit Ltd., (Wavin Group of Netherland), Coca-Cola Beverages, Clover (Pakistan) Ltd. (Kraft General Foods Inc.-USA), Tetley Clover (Pvt) Ltd.(Tetley Overseas Ltd., England), and Siemens Pakistan Engineering. Co. Ltd.
Mashallah, the consistent progressive journey of your Company, which started in the year 2000, is continuing which is evident from the fact that by the end of this year your Company’s gross premium is expected to grow by over 500% - during the short span of 3 years.
With a team of highly competent and motivated insurance professionals, CENTURY spells security and dependability for its valued clients.
The growth of the company has been achieved through personalised excellent service to our valued clients and a VISION focused on the following:
| Banglow # 251-B, Block-6, P.E.C.H.S., Karachi Pakistan | |
Tel: | 92/21-452-5169 |
