Asia Insurance, a publicly traded firm founded in 1979, offers a diverse variety of property casualty insurance to assist its respected clients in business and in everyday life through general insurance and general Takaful cover.
1. 1. Introduction – Asia Insurance Company Limited, Pakistan
We want to be Pakistan’s premier insurance and takaful firm, prioritising customer care and service quality over cost. Our objective is to make our customers’ journey as easy as possible by providing solutions that are all-inclusive, cost-effective, and personalised to their specific needs.
Asia Insurance has won the trust of German development bank KFW, which has invested Rs 350 million in Asia Insurance Company Ltd through their InsuResilience Investment Fund (rated AAA by Fitch, AA+ by Standard & Poor’s) and managed by Swiss based manager BlueOrchard Finance, bringing the company’s total equity to over Rs one billion.
The FPCCI Awards for 2015. The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) awarded Asia Insurance Company Limited a gold medal for “Excellence Insurance Services” at the 04th Achievement Awards ceremony. President of Pakistan Mamnoon Hussain Abdul Rauf Alam – President FPCCI presents Gold Medal Award to Zain ul Haq Qureshi, Executive Director Asia Insurance.
2. 2. Details – Asia Insurance Company Limited, Pakistan
2.1. 2.1 Vision Statement – Asia Insurance Company Limited, Pakistan
We aim to become the ideal Insurance Company with a large equity base to provide more opportunities and options for utilization of funds and to increase profitability through economies of scale, better resource mobilization and reduction in operational cost; to achieve this while providing better service to our clients and stakeholders.
Vision Statement – Asia Insurance Company Limited
2.2. 2.2 Mission Statement – Asia Insurance Company Limited, Pakistan
To provide excellent services by way of best risk management and hassle-free settlement of claims through a nation-wide network of branches manned by a sound, dynamic team that ensures good governance.
Mission Statement – Asia Insurance Company Limited
3. 3. Intro Video – Asia Insurance Company Limited, Pakistan
4. 4. Types of Insurances – Asia Insurance Company Limited, Pakistan
4.1. 4.1 Motor Insurance – Asia Insurance Company Limited, Pakistan
Life is a journey and we help you make it safer with our wide range of automotive covers.
Motor Insurance – Asia Insurance Company Limited, Pakistan
Being a car owner entails a great deal of responsibilities. You are not only responsible for your own safety, but also for the safety of everyone else on the road. Asia provides its customers with cost-effective insurance choices to protect them against anything and everything, from accidents and a loose bumper to third-party claim-coverage.
Motor Insurance is a comprehensive motor insurance plan for both people and businesses that covers theft, snatching, armed robbery, accidental damage, third-party liability, and terrorism. We allow you to have your car fixed in a workshop of your choosing, with the cost of repairs being directly handled with the workshop.
Motor insurance in Asia starts at just 1.5% of the car’s value.
4.2. 4.2 Motor Insurance Products – Asia Insurance Company Limited, Pakistan
4.3. 4.2 Health Insurance – Asia Insurance Company Limited, Pakistan
These include, comprehensive cover, hospital indemnity, maternity, in and out patient expenses.Medical expenses are one of the top causes of financial trouble and bankruptcy throughout the world. Especially in a growing nation like Pakistan, where health insurance is increasingly required.
This insurance protects and assists you in the event of an unforeseen medical emergency. Asia is able to provide its consumers with the greatest ease of access to cashless services because to a large network of panel hospitals. Plans start as low as Rs1, 179 annually!
Looking to expand your coverage? Add maternity cover for as low as Rs2,350 or OPD cover for Rs2,000. Our annual packages will leave you stress-free. Let Asia manage your medical coverage while you focus on your family and care.
4.4. 4.3 Personal Insurance Coverage – Asia Insurance Company Limited, Pakistan
Making you feel secure is our top priority.
Personal Insurance Coverage – Asia Insurance Company Ltd.
We have helped our customers save thousands of rupees via insurance over the last four decades. Unforeseen occurrences, such as unanticipated medical problems or vehicle accidents, can deplete your money, and we want to help you avoid this.
Asia offers personal insurance products for motor, health and travel.
Asia Insurance provides comprehensive insurance that are all-inclusive, cost-effective, and customised for its valued clientele. The company’s goal is to lend a steady hand, assisting people in getting back on their feet after a disaster while responsibly managing risks.
4.5. 4.4 Travel Insurance – Asia Insurance Company Limited, Pakistan
With Asia Insurance’s affordable travel insurance packages, you no longer have to wait until you return home to consult a doctor if something goes wrong on your vacation! Whether it’s a long vacation or a business trip, we’ve got you covered with our dedicated 24-hour hotline. We provide travel insurance to both solitary travellers and families/groups.
Our plans begin at Rs1,318 for single travellers and Rs3,643 for families.
Traveler plans include:
- Schengen approved plans
- Group insurance package for Hajj, Umrah and Ziarat
- Travel without worrying about time differences anywhere in the world. Assistance via Asia Insurance is available 24 hours a day, 7 days a week through our dedicated hotline (0097317576640)
- Direct settlement of medical claims at your destination
- Complete evacuation and medical repatriation coverage
- Expenses of up to $50,000 covered for hospitalization and OPDs (Packages in Silver tier and higher only)
- Emergency dental care cover
- We offer baggage loss claims of up to $800 for all packages
- We offer loss of passport claim cover
- There are no hidden charges for our products. We include all government taxes in our premium rates
- We are flexible with changing insurance period before the policy date is in effect
4.5.1. 4.4.1 Schengen Approved Plans – Students, Family Trips and Solo Traveler
We realise the importance of having Schengen-approved policies at Asia Insurance. These plans are designed to fulfil the Schengen area’s insurance requirements, ensuring that you meet the essential insurance standards when travelling to foreign countries. Our Schengen-approved programmes are designed to provide you with the assistance you require, allowing you to travel freely across the Schengen region.
4.5.2. 4.4.2 Group Insurance Package – Hajj, Umrah, and Ziarat
We provide a dedicated package for those on a spiritual journey for Hajj, Umrah, and Ziarat. We recognise the importance of these religious events and the specific issues they may provide. Throughout your holy journey, our group insurance plan provides full assistance, total protection, and required help.
4.6. 4.5 Business Insurance – Asia Insurance Company Limited, Pakistan
Be it a small start-up or a large scale
Danger and risks await you at every turn.
Asia Insurance promises coverage options that will assist avoid and minimise losses, regardless of the severity of the harm.
We give the finest solutions for the dangers that you face on a daily basis.
4.7. 4.6 Asia TAKAFUL Health Care – Asia Insurance Company Limited, Pakistan
Asia Takaful Healthcare is a one-of-a-kind product established specifically for TCS customers that offers financial assistance in the event of hospitalisation, medical expenditures incurred as a result of an accident, and Funeral Expenses in the event of the insured member’s death (God Forbid).
Asia Takaful Healthcare offers four appealing options to TCS customers according on their preferences. Consumers may easily profit from these products because the process is simple and paperless.
4.7.1. 4.6.1 Unique Features
- This specially created product will provide you with a financial reward for each day of hospitalisation as planned. Throughout the policy era, there is no restriction on the number of hospitalisations.
- If the confinement is in the ICU, the daily financial benefit will be DOUBLED.
- Treatment expenditures for unintentional injuries will be covered up to the plan’s maximum limit.
- If a covered member dies (God forbid), the plan will pay for the funeral expenses of the specified nominee.
4.7.2. 4.6.2 Eligibility Criteria
The current and prospective TCS clients who are between the ages of 18 and 64 years old and have given their lawful consent are eligible for this Takaful Policy.
Any member shall not be eligible for numerous enrollments at the same time.
5. 5. Required Documents – Asia Insurance Company Limited, Pakistan
- Original Discharge Certificate.
- Physician/Surgeon Certificate / Doctor’s Prescription (If needed).
- Hospital Record of Admission and Treatment.
- Duly signed Claim Form by the attending physician or surgeon (If needed).
- Hospital Record of Admission and Treatment.
- All receipts of treatment in case of treatment received in the hospital due to an accident.
- Medico-legal and police certificates in case of an accident, violence, or attempted suicide.
- Death Certificate issued from NADRA in case of a member died during treatment or to claim Funeral Expenses along with the CNIC No. of legal hair/Nominee.
All documents can be submitted in scanned form. However, the Asia insurance company reserves the right to ask for original documents as and when required.
6. 6. Branches – Asia Insurance Company Limited, Pakistan
Asia Insurance Company has a branch network in,
- Head Office – Lahore
- Karachi Region
- Multan Region
- Sialkot Region
- Rawalpindi Region
- Faisalabad Region
- Peshawar Region
For Branches Address, Phone number, Email Address, visit the following link.
https://asiainsurance.com.pk/contact-official-asiainsurance/
7. 7. Board of Directors – Asia Insurance Company Limited, Pakistan
Asia Inusrance Company Board of Directors are;
| Yussuf Abdullah Harun | Chairman |
| Mohammed Jahangir Alam | Vice Chairman |
| Abul Bashar Chowdhury | Director & Chairman, Executive Committee |
| Khaleda Begum | Director |
| Farzana Afroze | Director |
| Mohammad Mustafa Haider | Director |
| Rasedul Islam | Nominated Director of Southeast Bank Ltd. |
| Tarik Sujat | Nominated Director of Bay Leasing & Investment Ltd. |
| Mr Walid Mohammed Samuel | Director |
| Dr. Munal Mahabub | Director |
| Dr. Zaidi Sattar | Independent Director |
| Md. Imam Shaheen | Managing Director & CEO |
8. 8. Associated Clients – Asia Insurance Company Limited, Pakistan
- The Centaurus
- Unze London
- Bank Of Punjab
- Soneri Bank
- Bareezee’
- Mobilink Microfianance Bank
- Telenor
- Microensure
9. 9. Online Helpline – Asia Insurance Company Limited, Pakistan
- UAN Number: 0311-111-2742
- Email Address: info@asiainsurance.com.pk
- Hotline Numbers: (+92) 311 111 2742
- Complains: complaint@asiainsurance.com.pk
- Claims: Written notice of claim must be presented to and received at the office of the Insurance Company. The Member shall provide, at his/her own expense, all certificates, information and evidence required by the Company in respect of claims.
10. 10. Verification – Asia Insurance Company Limited, Pakistan
Company is verified from;
https://jamapunji.pk/verify/licensed-entity-detail/asia-insurance-company-limited
11. 11. Disclaimer – Asia Insurance Company Limited, Pakistan
- If the Asia Insurance Company Ltd. have not resolved your concern satisfactorily, you may file a complaint with the Securities and Exchange Commission of Pakistan (SECP).
- Please keep in mind that SECP will only consider complaints that were initially asked to be resolved directly by the firm and were not resolved.
Furthermore, complaints that are not related to the SECP’s regulatory domain/competence will not be considered.
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