IGIL fundamentals

IGI Life Insurance Ltd. engages in the provision of life insurance services. It operates through the following segments: Life (participating), Life (non-participating), Life (non-participating) Group, Investment Linked, Accident and Health-Individual, Accident and Health-Group, and Pension Fund. The Life (participating) segment offers life insurance coverage to individuals under individual life policies that are entitled to share in the surplus earnings of the statutory fund to which they are referable. The Life (non-participating) segment is composed of life insurance coverage to individuals under individual life policies that are not entitled to share in the surplus earnings of the statutory fund to which they are referable. The Life (non-participating) Group segment includes life insurance coverage to employer-employee groups of employees and members under a single life policy issued to the employer. The Investment Linked business segment provides life insurance coverage to individuals, whereby the benefits are expressed in terms of units, the value of which is related to the market value of specified assets. The Accident and Health-Individual segment offers fixed pecuniary benefits or benefits in the nature of indemnity or a combination of both in case of accident or sickness to individuals. The Accident and Health-Group segment refers to fixed pecuniary benefits or benefits in the nature of indemnity or a combination of both in case of accident or sickness to employer-employee groups of employees and members under a single policy issued to the employer. The Pension Fund segment focuses on the coverage for the purposes of a pension or a retirement scheme with or without the payments being guaranteed for a minimum period. The company was founded in 1952 and is headquartered in Karachi, Pakistan.