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Askari Life Assurance Co. Ltd, is part of one of the leading conglomerates in Pakistan, Army Welfare Trust (AWT) with 66.66% Shareholding. Our insurance solutions range from savings and family protection products to Universal Life Investment Plans, Group Life Insurance, Variety of term Life products providing customized options. As a company, we rely on innovation to be a key driver for future growth as innovation allows for more customized solutions, digitization and swifter product development.
Having a Credit Rating of A- with “Stable” outlook by PACRA, Askari Life is prominent in providing ultimate insurance experience with the dedication in adding value in the lives of our customers.
Currently the authorized capital of Askari Life is Rs. 2 billion, out of which Rs. 1.50 billion is paid-up. 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. We have a team of highly trained professionals and financial advisors motivated to making customer journey smooth, hassle free and a memorable one.
Askari Life Assurance Company Limited is providing the following range of services:
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 Munich Re and Hannover Re Claims. 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.