Askari Life Assurance Co. Ltd, is part of one of the leading conglomerates in Pakistan, Army Welfare Trust (AWT). Our insurance solutions range from savings and family protection products to unit link products and customized health coverages for Multinationals. As a company we rely on innovation to be a key driver for future growth. Innovation allows for more customized solutions, digitization and sifter product development.
Currently the authorized capital of Askari Life is Rs. 750 million, out of which Rs. 601.720 million is paid-up. With plans to expand the level of paid-up capital up to Rs. 1 billion by the end of the year. A Large paid-up capital base allows us to better position ourselves to provide top-notch benefits and services to our individual and corporate clients.
Askari Life has a team of highly trained professionals and financial advisors. We offer client focused policy management system, swift claim processing and settlement with a strong financial backing. Askari Life is prominent in providing ultimate insurance experience with dedication in adding value in the lives of our customers.
We have designed a service process that is highly responsive and personalized to provide complete peace of mind to all our clients. With this customer centric approach, we help our clients become industry leaders while all other challenges are handled by Askari Life.
We are a member of the Insurance Association of Pakistan (IAP) and our shares are publicly traded at the Pakistan Stock Exchange (PSX).
The company has various re-insurance arrangements with the world’s leading reinsurers. The risk assumed by the company is reinsured with these financially sound reinsurers of international repute. Furthermore, all of our reinsurers are in the AA rating category indicating "very strong" capability to meet their financial commitments and comfortably fall within the secure range.