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State life Insurance total premium income,rose to Rs65.7 billion in 2013

Iftikhar-state-life-Multan

State life insurance total premium income,rose to Rs65.7 billion in 2013, which is 17.3% higher than State Life’s total premium income of Rs56 billion in 2012.Closing Fig of Year 2014 has not yet finalized, but a 10 % Growth rate is seen in the year Read More »

Jubliee General Insurance introduces app

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Jubilee General Insurance has introduced its first mobile application for motor insurance in Pakistan. This launch was held during a ceremony in the Jasmine Hall, Beach Luxury Hotel, Karachi. Read More »

SECP takes punitive actions against insurance companies

The Securities and Exchange Commission of Pakistan (SECP) have issued four show-cause notices and a warning letter to insurance companies on non-compliance with the insurance ordinance, including that of minimum solvency requirements Read More »

GovernorPubjab awards Uinited Insurance for CSR services

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Governor of Punjab Chaudhry Muhammad Sarwar has awarded United International Group (UIG) for outstanding Corporate Social Responsibility (CSR) services.The award distribution ceremony was held at a Royal Palm Golf and Country Club, Lahore Read More »

Insurance Reforms new agenda of world Bank

world Bank and Securities and Exchange Commission of Pakistan (SECP) is working on insurance reform regulatory framework and strengthen the supervisory capacity of the commission.A team of technical experts from the World Bank on Tuesday called on Chairman SECP Zafar Hijazi to discuss the bank’s assistance in the insurance law reforms Read More »

Asia Insurance allocate Rs.50 Million for Takaful operation

Asia Insurance Company Limited will seek approval to allocate Rs50 million ($492,853) in capital to its takaful operationseek shareholder , Company seek approval next week to offer Islamic insurance (takaful) products, the latest insurer seeking to expand into the sector. Read More »

Adamjee life achieved one million business in Lahore

Adamjee life achieved one million business in Lahore ,Adamjee Life Started its operation  5 month ago in Lahore and achieved Mile Stone of CAROR PATI branch  in short span of time . A Cake Cutting ceremony was held in this regard and General Manager Adamjee lie Omar Farooq address the executive of Adamjee. Mr. Muhammad Ibane-e-Arshed Deputy Manager also spoken ... Read More »

SECP permits United Insurance to run Takaful operations

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The Securities and Exchange Commission of Pakistan (SECP) has allowed United Insurance Company (UIC) to launch Takaful operations.The notification issued by SECP in this regard said that UIC has been granted permission to launch window Takaful operations in respect of general Takaful products. Read More »

Strategy planning of Dawood Family Takaful

DFT-heads

A meeting for strategy planning  of Dawood Family Takaful  held in karachi recently. according to an official , Setup Head Second Half Strategy Meeting of DFT held on n16-17 July 2014 at Dawood Family Takaful Head office Karachi. Participants Mr.Ghulam Mujtaba SBM Faisalabad Zone, Mr. Syed Moazam Ali SBM Gujrat Zone, Mr. Fahmeed Asim Khan SBM Multan Zone, Mr. Akbar Punjwani ... Read More »

United Insurance applied for Window Takaful

United Insurance Company of Pakistan (UIC)has filed an application with Securities and Exchanges Commission of Pakistan (SECP) for permission to start Window Takaful Operation under Takaful Rules 2012.” Company start process for Window Takaful Operation. company made the necessary change in the Memorandum of Association to include Takaful business approved at the company’s Extra Ordinary General meeting held in June. ... Read More »