EMBED PBrush

1
GROUP MEMBERS
Name Roll No.
1) Mian Tahir Amad Tayab
104
2) Mhammad Ri!"an Shari#
101
$) Mhammad M!a%ar Mehmmod
0&2
2
ASKARI
GENERAL INSURANCE
COMPANY '(M(TE)
3
(NTRO)U*T(ON
Askari General Insurance Co. Ltd (aico!,
established in October 1995, was sponsored by Army Welfare Trust (AWT),
Askari ommercial !ank ltd (A!") and Askari "easin# "td (A"")$ %t is a
public limited company, listed on all three &tock '(chan#es of )akistan i$e$
*arachi, "ahore and %slamabad$ The company pro+ide #eneral insurance
products and ser+ices to all sectors of the market$
The company has earned itself a reputable place amon#st top players of
insurance industry$ aico ,s financial stren#th and rapid #rowth has been
achie+ed throu#h its policy of retainin# and rein+estin# a lar#e part of the
profit to stren#then the )aid -p apital and .eser+es$ The company,s
financial position pro+ides security to the clients and ensures pro#ressi+e
return to the stakeholders$
Aico transacts all classes of non/life insurance business$ %t holds a stron#
position in 0ealth %nsurance and is the leader in it,s e(pansion$ The
company has a lar#e base of presti#ious )akistani and multinational clients
bein# ser+ed throu#h a network of 11 !ranches spread all o+er the country$
4
0uman recourse is the main stay of the company and is imposin# for its
hi#hly 2ualified and entrusted staff$ The company is committed to create
insurance awareness and promote insurance culture throu#h its hi#hly
moti+ated and dedicated team of professionals.
5
"ision
The "ision o# askari eneral insurance
co#$an% i+ ,o be amon-+, ,he leadin-
in+ran.e .om/anie+ o# ,he .on,ry "i,h
,he .lear /er.e/,ion o# /holdin- ,he
/rin.i/le+ o# .or/ora,e -o0ernan.e and
ma1in- a-i.o a /ro2,able and -ro",h
orien,ed in+ran.e .om/any "hile
.rea,in- in+ran.e a"arene++ and .l,re
6
Mission
The Mission o# a-i.o i+ ,o be.ome a
leadin- .om/any by /ro0idin- .lien,
#riendly +er0i.e+ ,hro-h hi-hly mo,i0a,ed
,eam o# dedi.a,ed /ro#e++ional+ and
en+rin- /ro-re++i0e re,rn ,o ,he
+,a1eholder+.
7
Cor$orate &ea#
Chairman
Lt. Gen. (Retd) Zarrar Az!
Directors
Br". (Retd) M#ha!!ad $hraz Ba"
Br". (Retd) As!atu%%ah &han 'az
Br". (Retd) Muha!!ad Bashr Baz
Mr. (ar) Mah!##d
Mr. 'aser A. $he*h
Audit Committee
Mr. 'aser A. $he*h
+har!an
Mr. (ar) Mah!##d
Me!,er
Br". (Retd) Muha!!ad Bashr Baz
Me!,er
Senior Vice Presidents
Mr. Muha!!ad A-za%
Mr. Ashra- .ussan $hah (A+//)
$he*h A,du% 0a11u!
Mr. Muha!!ad /),a% (As*ar .ea%th)
Mr. 2asee!u%%ah(+#!3an1 $e4retar15+67)
Mr.'a8a! /rshad
Senior Vice Presidents (Marketing)
$1ed .assan 'adee!
Rana $hah,az Ah!ed
President & Chief Executive
Mr. M#ha!!ad 9a!a%uddn

:
Vice Presidents
En"r. Ehtesha! Ma%* (En"neern")
Ma8. (Retd) Muha!!ad A8!a% &han
Mr. A% Mune! $ha!s

Vice Presidents (Marketing)
Mr. $hah $aud Mrza
Man Ar- (an;r
Mr. $ar-raz Ah!ed (arrar
+h. $ha!s<u%<.a)
Assistant Vice Presidents (Marketing)
Mr. Mu,ashr<u%<.assan
Mr. (ahr<u%<.a)
Mr./*ra! Za
Mr.M#eenuddn
$h.Muha!!ad .an-
$h.A,du% 2aha,
Managers
Mr. $#ha% =#unas
Mr. (azee! .ussan
Mr. Gu%zar .ussan $hah
$1ed./!ran A,d (/.A)
Lega Advisor
Mr. 6arru*h &ar! 0uresh
Assistant Vice Presidents
Mr. Ghu%a! Ash"ar
Mr. $#ha% &ha%d
Mr. 2a)as Ah!ed

!egistered "ffice#$ead "ffice
>
4th 6%##r? A2( P%aza? (he Ma%%? Ra@a%3nd?
Pa*stan
(e%A B51 < >272425 < 7
6aCA B51 < >272424
Auditors
&PMG (aseer .ad D +#.
+hartered A44#untants
Lega Advisor
Mr. 6arru*h &ar! 0uresh
%ankers
As*ar +#!!er4a% Ban* L!ted
'at#na% Ban* #- Pa*stan
En#n Ban* Ltd.
$tandard +hartered Ban*
!egistered "ffice#$ead "ffice
4th 6%##r? A2( P%aza? (he Ma%%? Ra@a%3nd?
Pa*stan
(e%A B51 < >272425 < 7
6aCA B51 < >272424
2e, $teA @@@.a"4#.4#!.3*
e<!a% A a"4#h#Fa"4#.4#!.3*

1B
Aico In Pakistan
Islamabad
11 West,3innah A+enue,!lue Area,%slamabad$
Tel 4 (551)6679515,6675871/6,
9a( 4(551)6679511
'mail4 a#icoisb:a#ico$com$pk
Rawalpindi
;ational !usiness enter,<urree .oad,
.awalpindi$
Tel 4 (551)96958=9,9695899
9a( 4 (551)9695879
'mail4 a#icorwp:a#ico$com$pk
Jhelum
1st 9loor,&oldier )la>a,i+il "ines, 3helum$
Tel 4 (5588)9675??9
9a(4 (5588)9675?78
'mail4a#ico@lm:a#ico$com$pk
Sialkot
1st 9loor, Oberoi ooperati+e !uildin#, )aris
.oad, &ialkot$
Tel 4 (556)85=6?=1
9a( 4(556)85=6?=6
'mail4a#icoslt:a#ico$com$pk
Gujranwala
1st floor,Al/A>ahar )la>a opp$%2bal hi#h school
Ahala <andi,A$T .oad,Au@ranwala$
Tel4 (58?1)?=51?68,?7?8?61
9a(4(58?1)?=51?65
'mail4mailto4a#ico#rw:a#ico$com$pk
11
Lahore
?rd 9loor,Al <alik )la>a,19 Ba+is .oad,
"ahore$
Tel 4 (586)1?5=1??/8
9a( 4 (586)1?5=1?5
'mail4a#icolhr:a#ico$com$pk
Faisalabad
6nd 9loor,)latinium entre,*otwali .oad,
9aisalabad$
Tel 4 (581)185=56/8
9a( 4(581)185=51
'mail 4a#icofsd:a#ico$com$pk
Multan
6nd 9loor,3alil center,Abdali .oad, <ultan$
Tel 4 (511)587=86
9a( 4(511)587=16
'mail4 a#icomtn:a#ico$com$pk
Hyderabad
1st 9loor,Aul entre,Thandi &arark,0yderabad
Tel 4 (5666)7691=9
9a( 4(5666)7=?971
'mail4a#icohyd:a#ico$com$pk
Karachi-
1th 9loor, AWT )la>a,%$%$hundri#ar .oad,
*arachi$
Tel 4 (561)61?9=1=/9,661959?/98
9a( 4 (561)61?=?16
'mail4a#icokch:a#ico$com$pk
Karachi-!
?56 ?rd 9loor, Anum 'mpire, C/1 Area
!lock 7D= *$$0$&, &hahra/e/ 9aisal *arachi$
Tel 4 (561) 8?655?6/5,
9a( 4 (561) 8?655?1
'mail4mailto4a#icokch:a#ico$com$pk
12
Karachi-"
?rd 9loor, AWT )la>a,%$%$hundri#ar .oad,
*arachi$
Tel 4 (561)6618???
9a( 4 (561)6618??6
'mail4mailto4a#icokch:a#ico$com$pk
#eshawar
1th 9loor,&tate "ife !uildin#,The <all,
)eshawar antt$
Tel 4 (591)56=871=
9a( 4(591)56=8719
'mail4a#icopsc:a#ico$com$pk
$uetta
1st floor,Ta@ entre,3innah .oad, Euetta$
Tel 4 (5=1)6=?7966
9a( 4(5=1)6=?7988
'mail4a#ico2ta:a#ico$com$pk
%bbotabad
.oom ;o415 &ilk )la>a, <ansehra .oad,
Abbotabad$
Tel F 9a( 4 (5996)?868?9
'mail4
&ahawalpur
6nd 9loor, &hahab )la>a, howk One -nit,
!ahawalpur
Tel 4 (5116)6=8651
9a( 4(5116)6=865?
'mail4mailto4a#ico2ta:a#ico$com$pk



13
+
14
Premim Brea1 / #or ,he
3ear 2004
/n the 1ear 2BB5? a"4# t#ta% Pre!u! @as A,#ut Rs. 5:B M%%#n? /n 2BB6 the
eC3e4ted Pre!u! s A,#ut Rs. 7BB M%%#n 3%us.
15
A++e, Gro",h #rom 1&&5
To 200$
16
Prod.,+ 'ine
6ire7
A#ico pro+ides wide co+er a#ainst fire and allied perils, whether it is industrial comple(,
retail outlets, hospitals, hotels, theatres, cinema houses, residential apartments and
bun#alows$
Fire ( Li)htnin)4 o+ers accidental fire and e(plosion
Riot ( Strike *ama)e4 o+ers loss or dama#e to property by rioters and strikers$
Malicious *ama)e4 o+ers loss or dama#e to property done with malicious intentions$
+errorism4 o+ers loss or dama#e to property by any indi+idual or #roup en#a#ed in a
terrorist acti+ity$
,arth-uake4 o+ers loss or dama#e to property by an earth2uake$
Storm ( Flood4 o+ers loss or dama#e to property by &torm, Tornado, Typhoon andDor
flood$
%ircra.t *ama)e4 o+ers loss or dama#e to property by any ob@ect fallin# from an
aircraft
&usiness Interruption4 o+ers business interruption due to any of the abo+e perils
17
Marine7
All ar#oes whether it is to be e(ported, imported or in inland transit within )akistan is
insured with wider co+era#e and economy in cost$
We also allow special discounts for containeri>ed car#oes$ We also insure4
/cean 0essels
0essels For &reak-up
&ar)es
+rawlers
+u)s
#leasure &oats
Mo,or7
A#ico co+ers all types of +ehicles on comprehensi+e terms, which includes dama#e
to +ehicle by an accident, fire, theft etc$ We also co+ers loss or dama#e to third party
property FDor personal in@ury to third persons arisin# out of the insured +ehicle
1:
Bond7
We issue !onds to contractors and clients for !ids, )erformance, .etention money$
<obili>ation ad+ance and we also issue specific custom #uarantees$
A bond is not a policy of insurance but is in effect a form of financial #uarantee$ %t is a
#uarantee by one party to another party that a third party (company re2uirin# the bond)
will meet its contractual obli#ations$ %ncreasin#ly insurance companies are pro+idin#
bonds, with few ad+anta#es o+er the banks4
har#es on company assets are #enerally e(empted$
The companyGs borrowin# facility will not be reduced
Types of !onds in a#ico
Beferred payment bond
!id !ond
)erformance Auarantee !ond
<obili>ation Ad+ance !ond
.etention <oney !ond
'(cise !ond
En-ineerin-7
We ha+e full fled#ed en#ineerin# department and issue followin# co+ers4/
1ontractors %ll Risks2
To co+er ci+il works$ The policy offers wide co+era#e to property whilst under
construction$ The policy is issued either in fa+our of principal or contractor and it can
also be @ointly in fa+our of both parties$ The policy is also e(tended to co+er liability to
third parties$
1>
,rection %ll Risk2
The costly plants and machinery are insured on wider terms, whilst they are bein#
erected at site$ The policy is
also e(tended to co+er testin# and maintenance period$ 0ere a#ain, the policy can be
issued @ointly in fa+our of principal and contractor$ The policy is also e(tended to co+er
liability to third parties$
1ontractors #lant ( ,-uipments2
The contractors while workin# on pro@ect normally takes with them on site hea+y plant F
e2uipment$ We offer
wide comprehensi+e co+er to issue the same$
Machinery &reakdown2
)lant F <achinery with hea+y cost are susceptible to dama#e$ We pro+ide wider
co+era#e$
&oiler #ressure 0essel2
We ha+e !oiler policy to co+er loss or dama#e to boiler$ The policy is also e(tended to
co+er surroundin# property and liability to third parties$
1omputers ( ,lectrical ,-uipment2
We offer wider co+era#e for computers and other electrical e2uipments$

8eal,h7
a#ico pro+ides fle(ible plans desi#ned to meet the +ital, but often underestimated, health
needs of corporate clients$ We pro+ide hi#h le+els of protection a#ainst the financial
conse2uences of basic hospitali>ation and medical needs$ %n addition, we speciali>e in
customi>in# +oluntary additional riders, pro+idin# employers with the ability to offer
+aluable employee health co+ers like the4
Bread Bisease !enefit
Out/patient !enefit
<aternity !enefit
<a@or <edical !enefit
2B
We offer the most comprehensi+e health co+er for employees throu#h4
<ana#ed are
'(tensi+e hospital network in )akistan
;o claims to be filed
9ull/time doctors for patient counselin# and welfare
%nternational o+era#e
Followin) is the list o. Hospitals that are on the panel o. %)ico3
All Ao+ernment (entral F )ro+isional) and those under
administration control of )akistan Armed 9orces are accepted for
reimbursement claim$
Sr4 Hospital 5ame 1oncerned #erson
AAA *0A; 0O&)%TA"
&tadium .oad )$O$ !o( ?555
*arachi$
Tel 4 89?5551,
9a(4 89?/8698, 89?/6595
<.$ 9A0%< A0<'B
(orporate redit)
! A"<-<TAC <'B%A" O<)"'H
65D86?, Barakshan &ociety,
<ailer ,*arachi$
Tel 4 8515199 , 8515699
<.$ <-*0TA.
(Administrator)
" A;*"'&A.%A ;-.&%;A 0O<'$
3unction Of .andal F Aarden .oad,
*arachi/78855
Tel 4 7761968, 7765?78
Br$ <%. <AE!OO" AC%C
(hief Administrator F <$&$)
6 AC%C <'B%A" ';T'. and
<AT'.;%TI ';T'.
!151,!lock W ;D;a>imabad
*arachi$
Tel4 1111?1=
B.$ TA0%. A0A;%
(Administrator)
7 !-.0A;% 0O&)%TA"
Tayyab 3ee .oad,Aari *hata
*arachi$
Tel 4 61881=, 61?885, 61??5?=$
&h$TA0'. &$'$
(Administrator)
8
BA.-" &'0AT 0O&)%TA"
&t$19, !lock 15, *BA &cheme
?1,Aulistan/e/3ohar,
Tel4 =115671/7
<.$ A!B-" EAB%.
(Admin Officer)
21
9 0A!%! <'B%A" ';T.'
!&D?, !lock 8$ 9edral ,!, Area
*arachi$
Tel 4 1?8917=/=6,
9a(4 1?891=?
B.$ ;A%< 0A!%!
(<edical Birector )
: 0A;%9 0O&)%TA" &9/15DA,!lock/
!,;orh ;a>amabad *arachi$
Tel 4 118891=/9
&h$<-0A<AB &A"''<
(Birector)
; 0A&0<A;%,& 0O&)%TA"
3< 75 3acob "ines, Off <$A/ 3innah
.oad *arachi
Tel4 77=7118, 77=1168, 77=5??5
B.$ &0A0;AC A$ 0-&&A%;%
(<edical &uperintendent)
< 0%"" )A.* A';'.A" 0O&)%TA"
&;$?D8,&0A0'B/'/<%""AT
.OAB$ *A.A0%,
Tel4 85?=515/?,
9a($ 85511=?
B.$ <O%C -B B%;
(<ana#in# Birector)
0A&&A; A';'.A" 0O&)%TA"
A/5=, <A"%. %TI, *A.A0%,
Tel4 851?555,8515175,
9a(4 855818?
B.$ .O!%;A &%.A3
(<edical Birector)
! 0O"I 9A<%"I 0O&)%TA"
Afridi (s$@) &haheed road,
)$O$!o(/7?7=,*arachi
Tel 4 761=991 , 761=998,
9a(4 9661/7611751
&.$ '"O;A &TA;0A*
(Administrator)
" %<A< CA%;-" A!'B%; 0O&)%TA" 86/
8?D .i>+ia &ociety,*arachi/1=$
Tel 4 16=991/?,
B.$&$&A.9.AC A0<'B
3A9'.
(<$&$)
6 3%;;A0 <'B%A" O""'A'
0O&)%TA"
66/6?&haheed/e/<illat .oad
*arachi,
Tel 89?1==1/9,
9a($89?=5?5
<.$ EA%&A. .ACCAE
('(ecuti+e Birector)
7 *A.A0% ;AT%O;A"
0O&)%TA",6?93$<6,A<%"O"O;I
<$A$3innah .oad *arachi,
Tel4 76199=7,
9a(4 761=869
).O9$ <AE&OOB A;W'.
;OO.;% (<edical Birector)
8 *A.A0% ABJ';T%&T 0O&)%TA"
91 Bepot lines, < A 3innah .oad
*arachi$
Tel4761=561/8, 9a(47667515
<.$ BO;A"B 3AO!
(Asst$ Administrator)
9 *O.A;A% "A;B0% <'B%A" ';T.'
)lotK1?,1?D1,&ector,?5/',<ain road
*oran#i/5, *arachi
B.$ &A"<A; E-.'&0%
(Birector Administration)
: "ABI B'99'.%; 0O&)%TA" <.$ BO&T <-0A<<AB
!0O3A;% (Administrator)
22
0A;B !%!% .OAB,*A.A0%,
Tel477?659=,
9a(4 7718155
; "%AEAT ;AT%O;A" 0O&)%TA"
;ational &tadium .oad *arachi,
Tel4 89?9116/8,
9a(4 89?=?=1
<.$ <$&$!A%A
(&ecretary)
!< <-.&0%B 0O&)%TA" F 0'A"T0
A.' ';T'. 0ub ri+er road
<u@ahidabad *arachi
Tel$6=11?51/1,
9a(46=11?57
<ana#er 9inance
! ;'0A" 0O&)%TA"
61, *A"A !OA.B, <A"%.
TOW;&0%), *A.A0%,
Tel48551115,
9a(4 517871?
B.$ B-.BA;A ;'0A"
(<edical Birector)
!! O$T$ 0O&)%TA"
1=1D?, &0A0.A0/'/9A%&A"
*A.A0%,
Tel$ 85=5515/6,85=5511
<.$ &0A; -" 0AE )%.CABA
('(ecuti+e Birector)
!" )AT'" 0O&)%TA"
&T/1=, !"O*/8 A-"&0A;/'/
%E!A", *A.A0%,
Tel, 891=115/1,871915/=,
9a(, 89=5=99
<.$ BA!%. -. .'0<A;
(Birector <arketin#)
!6 .'<'B%A" ';T.' 0O&)%TA"
F;-.&%;A 0O<'
B/9, !lock/1, ;orth ;a>imabad,
*arachi$
Br$<'0.A3
(Administrator)
!7 &O-T0 %TI 0O&)%TA"
&T/1, !"O*/?, "%9TO;,
*A.A0%,
Tel4 5=16?51/?,577?5=/9,
9a(4 5=7=1?=
B.$ .A0''< -" 0AE
(<$&$)
!8 &0A; 0O&)%TA"
.ashid <inhas .oad, Aulshan/e/
%2bal, !lock 5, *A.A0%,
Tel4 811581/8,
9a(4 5=75588
B.$ <$A$A.%9
!9 &A9'' 0O&)%TA" &T$1,!lock/
f,;orth ;a>imabad, *arachi/78755$
<&$ 9%CCA$A$!0A%3''
(hief Administrator)
!: T.A-<A F A';'.A" 0O&)%TA"
!"O*/1 )'0& *A.A0%,
Tel48?15=75/6, 9a(4 8?11181
<.$ J%;';T ;$ )%;TO
(Administrator)
23
Sr4 Hospital 5ame 1oncerned #erson
!; F%+IM% M,M/RI%L H/S#I+%L &hadman
"ahore, Tel$75=1191,75=51=1/
?,75=571=, 9a(475755=1
*R3KH%LI* F%R//$
=1hie. 1ontroller Finance>
"< I++,F%$ H/S#I+%L=+R?S+>
;ear 0/!lock, <odel Town "ahore,
Tel4 5==19=1/==,
9a(45=15115$
*R3M3 M%5S//R KH%5
=Finance Mana)er>
" M?M+%@ &%KH+%A,R M,M/RI%L +R?S+S3
H/S#I+%L3 Wahdat .oad Opp Allama %2bal
Town "ahore,
Tel4 7=88915, 7=88911,
9a(47766167,776?9==$
MR3 H/5/RB
=%dministrator>
"!

R%SH,,* H/S#I+%L
<ain !oule+ard, Beface "ahore,
Tel4 117?196/91$
MR3 %&*?L R%SHI* KH%5
=1hairman>
"" SH%LIM%R H/S#I+%L &halimar "ink .oad,
<ou#halpura "ahore/58=85, Tel 4
1=17=57/15
*R3 M3%F@%L SH,IKH
=1hie. ,CecutiDe>
"6 /M%R H/S#I+%L
3A%" .OAB , "A0O.'$
Tel 4 757185/1
*R3 /M%R H3 SH,IKH
"7 %%*IL H/S#I+%L
<e>anine 9loor, <ain !oule+ard Befence,
"ahore$ Tel 4 1111611 , 1111?11
MR3 %3 A%H,,* SH,IKH
=13,3/3>
"8 F%IMLB H/S#I+%L
8 L <a>an# .oad "ahore$ Tel 4 76??915/1
MR3 R%I@ %HM,H M%LIK
=*irector>
"9 F%R//$ H/S#I+%L
6/Asif !lock, <ain .oad Allama %2bal Town,
"ahore$
Tel 47=85561 , 7=?65?9
MR3 F%R//$ S%,,* KH%5
": IHS%5 M?M+%@ H/S#I+%L
71 L ' , 3ohar Town , )hase 1 ,
"ahore$
Tel 4 51751== , 5116157
Medical *irector
"; M%S//* H/S#I+%L
99, Aarden !lock, Aarden Town
"ahore$
Tel 4 5==1911 L ?
Medical *irector
24
Hyderabad
Sr4 Hospital 5ame 1oncerned #erson
6< +H, %G%KH%5 M%+,R5%L ( 1HIL*
1%R,
1,5+R,3

)lot 8D6 3amshoro
.oad,0bd$,Tel4118176,9a(/1165681
*R3 5//R?**I5 S3KHIM%5I
= Marketin) /..icer>
6 A%LI &H%I R%J#?+%5% H/S#I+%LE
3amshoro .oad,0yderabad

Tel4 11?198, 11?197
MR3 %5A%R %HM%* F%R//$I
=%dministratiDe /..icer>
6! ISR% ?5I0,RSI+B
H/S#I+%L3
)$O$ !OH$ ?1? 0ala .oad,
0yderabad$
Tel4 165111/71
Medical Superitendent
S?KK?R
6" #%KIS+%5 R,* 1R,S1,5+
Bistrict !ranch &ukkur,
Tel 4 6?=81, 11511=
Honory Secretary
$?,++%
66 #%KIS+%5 G,5,R%L H/S#I+%L
Car#hoon .oad (lytton .oad)
Euetta
Tel 4 =86695, =8658?, =88511
MR3 @%H//R %HM%*
=%dministrator>
67 1HIL*R,5
H/S#I+%L
)atel !a#h, Euarry .oad,
Euetta$
Tel4 =6?755/11 9a(4 =6?716
Medical Superitendent
68 %KR%M
H/S#I+%L
Car#hoon .oad Euetta,
Tel 4 =68165, =86165, =691=6
*IR,1+/R =%kram Hospital
$uetta>3
#,SH%A%R
69 KH%++%1K M,*I1%L 1,5+R, (
H/S#I+%L
Bab#ari Aarden,
)eshawar
Tel 4 651=811/= 9a(4 651=819$
*R3 H3 %3 Haroon
M?L+%5
6: S,B%L M,*I1%L 1,5+R, =#0+> MR3 %&*?L R%SHI* S,B%L
25
L+*3
Aisha A$! )la>a (off "<E .oad) <ultan
Tel 4 75578, 8?161/?
=Medical *irector>
%&&/++%&%*
6; R,HM%+ M,M/RI%L H/S#I+%L
A!!OTTA!AB$
Tel4 ?5189 , ?5191
*R3M?H%MM%* &%SHIR
=Mana)in) *irector>
F%IS%L%&%*
7< S%%HIL
H/S#I+%L
1/&heikhupura .oad
,9aisalabad$
Tel4 (581)7=6585/85 9a(45511=
MR3 M3%F@%L KH%5 =1hie.
,CecutiDe>
7 B%SI5 M,M/RI%L
H/S#I+%L
66=/A, Aulber#,
9aisalabad$
Tel 4 65?67
*R3M3%KM%L B%SI5 =Medical
*irector>
S%RG/*H%
7! M?H%MM%*
H/S#I+%L
685/A, &atellite Town,
&A.AOB0A$
Tel 4 61?=55/9
MR3 R%5% S%L,,M %KH+%R
=Mana)in) *irector>
7" 5I%@I M,*I1%L 1/M#L,F
lub .oad, &A.AOB0A$
Tel 4 615999 , 611999
*R3 %3 G3 5I%@I =Medical *irector>
76 S%*I$
H/S#I+%L
68/A, <ain !a>ar, &atellite Town /
&A.AOB0A
Tel4 61616?, 616168$
*R3 LI%$%+ %LI KH%5 =Medical
*irector>
26
'iabili,y7
After discussions with the clients we desi#n liability co+er to meet specific re2uirement of
client for4
#remises Liability
o+ers liability to third person arisin# out of accidents at premises$
#roduct Liability
o+ers liability to third person arisin# out of the use of product manufactured FDor sold
by the insured$
Aorkmen 1ompensation
o+ers liability of employers to employees under Workmen ompensation Act FDor
common law$
#ro.essional Indemnity
o+ers liability arisin# out of professional wron#ful act$
*irectors ( /..icers Liability
o+ers liability of directors and officers for their wron#ful act$
27
Mi+.ellaneo+7
1ash Insurance2
The cash policy desi#ned by us co+ers cash whilst it is in transit, from bank to office and
+ice +ersa andDor other specified locations$ The policy also co+ers cash whilst lyin# at
counter or in safe$
Fidelity Guarantee Insurance2
This policy co+ers misappropriation or embe>>lement committed by a permanent
employee of the or#ani>ation durin# the course of employment$
HouseholderGs 1omprehensiDe2
The comprehensi+e policy desi#ned by us pro+ide co+er to buildin# of bun#alow or an
apartment$ The policy also co+ers entire furniture, fi(ture, electronic items, carpets etc$
5eon Si)n2
The ad+ertisement neon si#n are co+ered comprehensi+ely a#ainst fire, dama#e and
other perils$
#late Glass2
The e(pensi+e plate #lass are co+ered on comprehensi+e basis a#ainst accidental
dama#e and many other perils$
2:
Per+onal A..iden,7
Aroup )ersonal Accident$
)ersonal Accident co+er for indi+idual persons
9amily )acka#e #i+es a discount when the whole family buys one policy
This policy will pro+ide compensation in the e+ent of Beath, )ermanent Bisability or
Temporary Bisability due to an Accident$ o+era#e is worldwide$ We can add e(tra
co+era#e that will pay for medical e(penses resultin# from an Accident$
2>
'u#an Resource
Manae#ent(s
Practice in Askari
General Insurance
Co#$an% Li#ited)
3B
Recruit#ent *
Selection in Aico)
A#ico saysM Finding the best possible people who can fit within our
culture and contribute within our organization is a challenge and an
opportunity. Keeping the best people, once we find them, is easy if we
do the right things right. These specific actions will help us with
recruiting and retaining all the talent we need.
The A#ico tries to hire a person who has done this Ne(act @ob, in this e(act
industry, in this particular business climate, from a company with a +ery
similar culture$N
They belie+e that Npast beha+ior is the best predictor of future beha+iorN
and su##est that this is the strate#y that will enable them to hire winners$
They say that they must hire the candidates whom they belie+e can hit the
#round runnin# in their company$
Whene+er there is an opportunity, the company tries to fill it throu#h
followin# procedure4
Look First at In-house 1andidates
InDolDement o. ,mployees in Hirin) #rocess3=+hrou)h Re.erences>
31
AA%O 0%.%;A ).O'B-.'7
%n A#ico when there is any Jacancy needed to fill followin# steps are
taken
1) &ubmission of Application$
6) &crutini>ation of Application$
?) all of %nter+iew for the selected andidates$
8) %nter+iew the candidate in the presence of 0.< 0ead, and the head
of concerned department for whom the candidate is bein# called$
5) 9inal %nter+iew of the &uccessful candidate in the presence of hief
'(ecuti+e depends upon the ;ature of the 3ob$
1) %ssuance of Appointment "etter$
7) )robation )eriod &tarted after %ssuance of appointment letter$
=) )robation period is of ? to 1 months in which the persons beha+ior,
attitude with in and out side the or#ani>ation, his learnin# )ace, his
command o+er his @ob has been assessed by his seniors$
9) At the end the concerned head of department will decide weather the
selected person is suitable for the or#ani>ation or the other way$
Wron#$
32
9ollowin# is the history of A#icoGs employees durin# last 15 years4
Total ;umber of employees in startin# of A#ico4 ?5
Total ;o of new hirin# in A#ico o+er 15 years 65?
Total ;o$ Of employees left A#ico durin# 11 years4 (15)
Total ;o$ of employees currently workin# in a#ico ?8=
,mployeeGs turn oDer Ratio H5o3 o. employees le.t durin) ten years
5o3 /. Bears
K 15
15
K 1$5
K Almost 7 'mployees D year$
On A+era#e we can say almost 1 to 7 employees left a#ico e+ery year
durin# last 15 years, which is a +ery low employeeGs turn o+er$ One #ood
prospect that we obser+e while studyin# a#ico was that the employees who left
a#ico, most of them were related to %T F Accounts department, Which is due to
ha+in# more %T, and other companies comin# in the market$ !ut not of speciali>ed
insurance )erson, so this reflects the le+el of comfort that the a#ico peoples are
en@oyin# at their 3O!$
Termination )rocedure4
A#ico was established in 1995, since then it has ne+er terminated e+en a
sin#le person, this shows the le+el of @ob comfort the A#ico employees are
en@oyin#$ 0owe+er in case if any person #oes a#ainst companyGs defined
33
rules and re#ulations the committee will call him for moral pursuance, and
he has to clear his position in front of that )anel$

34
&rainin *
+e,elo$#ent in Aico)
Training & Development is the field concerned with workplace learning to
improve performance. Such training can be generally categorized as on-
the-ob or off-the-ob. !n-the-ob describes training that is given in a normal
working situation" using the actual tools" e#uipment" documents or
materials that they will use when fully trained. !n-the-ob training is usually
most effective for vocational work. !ff-the-ob training takes place away
from normal work situation which means that the employee is not regarded
as productive worker when training is taking place. $n advantage of off-the-
ob training is that it allows people to get away from work and totally
concentrate on the training being given.%
A#ico stron#ly beli+es that it is +ery important to impro+e the skills of the
person which can be achie+ed throu#h proper On Job Training by which
he can achie+e or#ani>ational #oals and also enhance his knowled#e and
skills$
Trainin# focuses on impro+in# performance$ %n the case of new induction ,
the senior, obser+es the indi+idualGs current functionin#, assesses the
%ndi+idual,s stren#ths and weaknesses, and de+elops a plan for addressin#
35
any needed %mpro+ments$ A#ico starts his on @ob trainin# under the
super+ision of senior and +eteran &taff <embers$
A#ico Trainin#Gs )artners4
A#ico Also sends selected employees to abroad for trainin# in areas where
it is necessary for broaden their Jision and Ali#n with the underwritin#
practice of .e/insurance$
With in the country, A#ico is attached with followin# trainin# institutes,
where he sends his employees when he feels necessary$
1$ "ahore %nstitute Of %nsurance$
6$ )eshawer %nstitute Of %nsurance$
?$ )akistan %nsurance %nstitute *arachi$
8$ &tate !ank Of )akistan (%slamabad F
.awalpindi !ranches$)
5$ "-<& ("ahore -ni+ersity Of <ana#ement F
Technolo#y)
36
A#ico has special arran#ement of re#ular coachin# classes on e+ery 9riday
at head office under the super+ision of +i#ilant, dutiful, and dedicated
instructors with in and out side the a#ico$
A#ico is also well aware of &ociety welfare and bettermentO in this re#ard
A#ico is pro+idin# %nternship facility for those students who want to @oin
%nsurance industry$ %n this way the fresh students #et use to with the
practical and industrial en+ironment under the super+ision of 2ualified and
dedicated senior staff members$ A#ico is also offerin# stipend to students
durin# their internship$
A#ico is also pro+idin# 3ob enlar#ement and @ob rotation opportunity to his
employees$ This helps the employees to enhance and polish their
professional skills$
A#icoGs &trate#y to %mpro+e )rofessional &kills of
'mployees$
A#ico is a stron# belie+er that an or#ani>ation canGt #room at a satisfactory
pace without #roomin# his stakeholders specially its employees %n this
re#ard A#ico encoura#e his staff members to enhance their professional
2ualification throu#h whate+er opportunities they ha+e, in pursuance of this
A#ico has taken followin# !old steps4
.eimbursement of A%% (-*) fee$
.eimbursement of <!A (%nsurance F .isk <ana#ement) fee$
37
.eimbursement of fee in case of any impro+ement in academic
record$
3:
Em/loyee+ Sa#e,y9 8eal,h
: ;el#are7
&afety4
!ein# the member of ser+ice pro+idin# industry A#icoGs staff is not directly
e(posed to any ha>ardous acti+ity durin# the business hours or at the
premises of A#ico$ .e#ardless of this A#ico <aintained a +ery conduci+e
and healthy workin# en+ironment in its offices and remains +i#ilant about
the safety and security concerns of its employees in +iew of followin# #uide
lines4
'+eryone is entitled to a safe and healthy workplace$
Workplace in@uries, disease and accidents are unacceptable
and pre+entable$
'+eryone is responsible for health and safety at A#ico$
'+eryone has a personal responsibility to come to work fit for duty and work
safely.
0ealth4
This is a Aroup <edical also called Aroup 0ospitali>ation )olicy$ %t is a
comprehensi+e pro#ram that co+ers medical cost of out patients (O)B),
3>
hospitali>ation, and sur#ical treatment, <aternity, Bread Biseases F
&peciali>ed %n+esti#ations in O)B$
Who is o+eredP
All ate#ories of employees are co+ered upto the a#e of 15 years$The
policy is desi#ned in a manner to co+er all the employees their spouse and
dependant children up to the a#e of 61 years$ %n case of female children
a#e rela(ation is till the time they #et married or employed$
What is co+ered in 0ospitali>ationP
)re/hospitali>ation e(penses for one week F post/ hospitali>ation
medication F consultation for two week will be co+eredO the e(penses
will be included in the prescribed hospitali>ation limit$
%ntra/ocular lens implant (%O")$
Baycare sur#eries$
55Q enhancement of hospitali>ation limit in case of on road accidents
(.OAB T.A99% A%B';T& .$T$A$ O;"I) and off road accidents$
9ree of cost &peciali>ed %n+esti#ation per family annual in O)B
9ree circumcision of a baby boy$
9ree consultancy from official Boctors both at %slamabad and *arachi
only$
ountry wide panel of hospitals a+ailable for credit facility$
4B
H/S#I+%LI@%+I/54 shall mean the employeeGs stay in hospital for a
minimum period of 68 hours for either treatment or obser+ation due to
disease, sickness or bodily in@ury$
H/S#I+%LI@%+I/5 ,F#,5S,S4 means reasonable and customary costs
and e(penses for in/patient includin# <edical, sur#ical, &pecialist, 0ospital,
;ursin# 0ome ;ursin# Attendance har#es, ost of )hysiotherapy,
<assa#e and <anipulati+e Treatment, &ur#ical and <edical .e2uisites
e(cept osmetic &ur#eries$
All these e(penses to be necessarily incurred, arisin# from Accidental
!odily %n@ury or illness manifestin# itself$
F%MILB4 9amily shall mean 'mployees, &pouses and dependent hildren$
+R,%+M,5+ %+ #%5,L I %##R/0,* H/S#I+%LS4 %n case credit facility
at the company panel hospitals is utili>ed, the employee is re2uired to
submit an attested photocopy of credit letter duly si#ned by the employee
alon#/with a copy of ;ational %dentity ard in case of adults$ redit
arran#ements are a+ailable for in/door treatment at these hospitals$
I5+IM%+I/5 ( #RI/R %##R/0%L4 Where indemnity is on re/
imbursement basis in case of a scheduled hospital confinement (i$e$ other
than an emer#ency) in a hospital, which is not an appro+ed hospital, the
employee must first seek prior appro+al from the company by submittin# a
41
cost estimate from the physician for the hospital confinement and
procedures to be carried out$ The company would then issue an appro+al
letter, a copy of which should be sent alon# with the cash memos for
settlement of claim$ &ettlement of such claims shall be on reimbursement
basis$
ontribution of Jarious
Aroup 0ealth are K 1$55 <illion
Aroup "ife %nsurance4 K 5$65 <illion
'mployees Old A#e !enefit 9und ('O! K 6$55 <illion
Aratuity K 6$85 <illion
)ro+ident 9und K 6$55 <illion
42
Man Po"er Plannin-7
)rocedure of <an )ower )lannin#4
At end of e+ery year e+ery branch head is re2uired to submit his ne(t year
manpower re2uirement to the 0uman .esource <ana#ement department$
%n head office$ %n his re2uest he will normally mention followin# details,
1) 3ob Bescription
6) 3ob specification$
?) ;o$ )eoples he wants$
9or the year 6557, there is re2uirement of about 61 peoples in +arious
branches of a#ico all o+er the )akistan$
43
Salary Admini+,ra,ion7
A#ico is Offerin# his employees hi#hly market competiti+e salaries$ "ast
year in 6551, a#ico increases across the board ?5 Q salaries of his all
employees$
A#ico spend in year 6555, 155 millions on <ana#ement e(penses, and out
which salary contribution was 55 Q$ A#ico a+era#e contribution to wards
&alary is 55 to 15 percent$
ontribution of different allowances in &alary4
0ouse .ent Allowance4 65Q
-tilities 4 15Q
44