Igi Life Insurance Limited (Pakistan)

ALICO first started its operation in Pakistan in1952 and continued until 1972, when the life insurance industry was nationalised. By that time, the ALICO had issued 72,000 policies and had invested more than USD 36 million in the country’s economy. After denationalisation, ALICO became the first foreign life insurer that had been granted a license in 1994 to operate in Pakistan. It commenced the operations on May 25, 1995 with a paid up capital of PKR 130 million. Today it is the largest capitalized private sector multinational life insurance company in Pakistan with a paid-up capital of PKR 500 million. ALICO Pakistan is a listed company jointly owned by its American parent and the Pakistani public. Along with commitment, it brings to Pakistan extensive international experience and modern technology to conduct the insurance business in a sophisticated and professional manner.
American Life Insurance Company (ALICO), a subsidiary of American International Group, Inc. (AIG), is one of the largest international life insurance companies in the world. ALICO's branches and subsidiaries market a wide range of life and health insurance products, including traditional, variable universal and credit life insurance, as well as supplemental medical and personal accident products, health and hospitalization insurance, group life, pensions and annuities through a variety of channels. The company operates in more than 55 countries and regions around the world including Japan, Europe, the Middle East, South Asia, Latin America and the Caribbean.
American International Group, Inc. (AIG), a world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.