Alfalah Insurance Co. Ltd., is one of the latest ventures of Abu Dhabi Group in Pakistan. We started operations towards the end of 2006 and since then we have already established offices in major cities of Pakistan including:
- Lahore
- Karachi
- Islamabad
- Faisalabad
- Peshawar
- Multan
- Gujranwala
- Sialkot
- Hyderabad
The company started operations with a paid up capital of Rs. 230 million, which was almost three times the minimum paid up capital requirement of Rs. 80 million needed to establish a general insurance company in Pakistan. During the past six years the company has posted profitable results and thus, has been able to increase the paid up capital to Rs. 300 Million through issuance of bonus shares.
Backed with the state-of-the-art IT Platform, the company offers first class security and service to the insuring public comparable to international standards. Alfalah Insurance Company Limited has been upgraded to ‘A’ by PACRA.
This is the highest IFS rating achieved by any non-life insurance company from PACRA in a record time of only five years since incorporation.
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