Askari General Insurance Company Limited was founded in 1995 with the goal of dominating the market. AGICO is a Pakistan Stock Exchange-listed Public Limited Corporation (PLC). It is registered with and monitored by Pakistan’s Securities and Exchange Commission (SECP).
- 1. Introduction – Askari General Insurance Company Limited
- 2. Details – Askari General Insurance Company Limited
- 3. Intro Video – Askari General Insurance Company Limited
- 4. Types of Insurances – Askari General Insurance Company Limited
- 4.1 Askari Motor Insurance – Askari General Insurance Company Limited
- 4.2 Askari Health Insurance – Askari General Insurance Company Limited
- 4.3 Askari Fire Insurance – Askari General Insurance Company Limited
- 4.4 Askari Marine Insurance – Askari General Insurance Company Limited
- 4.5 Askari Travel Insurance – Askari General Insurance Company Limited
- 4.6 Askari Engineering Insurance – Askari General Insurance Company Limited
- 4.7 Askari Bond Insurance – Askari General Insurance Company Limited
- 4.9 Askari Misc. Insurance – Askari General Insurance Company Limited
- 4.10 Money Insurance – Askari General Insurance Company Limited
- 4.11 Askari ASK Track – Askari General Insurance Company Limited
- 5. Branches – Askari General Insurance Company Limited
- 6. Documents Required – Askari General Insurance Company Limited
- 7. Board of Directors – Askari General Insurance Company Limited
- 6. Clients – Askari General Insurance Company Limited
- 7. Online Helpline – Askari General Insurance Company Limited
- 8. Verification – Askari General Insurance Company Limited
- 9. Disclaimer – Askari General Insurance Company Limited
1. Introduction – Askari General Insurance Company Limited
The greatest success of Askari General Insurance – Agico – is neither the growing year on year profit, not the number of business covered annually. Our true success stems from the client-centric approach that has been instilled in our corporate culture. This strategy has been a driving force in propelling Agico to extraordinary success.
Our greatest asset is our workforce, who is constantly eager to serve our clients with zeal. I am pleased of our people’s collaboration, trust, and respect for one another, which allows us to continually meet and surpass our clients’ expectations.
ASKARI General Insurance is in charge of several CEPEC projects and has foreign clientele.
CPEC Projects Under ASKARI General Insurance
- Nultar
- CR20G
- DASU-LRBV-11
- HUBCO Energy project Terbela-4 Power project
- Karachi Lahore Motorway
- Karot Hydro Power project
- CLIC DASU-LRBV-12
- DASU Hydropower
- Yantze Three Gorges
- Kohala Hydro Power project CPEC Western Corridor Route
- Sukki Kinari Hydro Power project
- Neelam Jhelum Hydro power project
2. Details – Askari General Insurance Company Limited
2.1 Vision Statement – Askari General Insurance Company Limited
To be amongst the leading insurance companies of the country with the clear perception of upholding the principles of corporate governance and making agico a profitable and growth-oriented insurance company while creating insurance awareness and culture.
Vision Statement – Askari General Insurance Company Limited
2.2 Mission Statement – Askari General Insurance Company Limited
To become a leading insurance company by providing client friendly services through highly motivated team of dedicated professionals and ensuring progressive return to the shareholders.
Mission Statement – Askari General Insurance Company Limited
2.3 Strategy – Askari General Insurance Company Limited
Innovation, Financial Strength and Client Centricity are the hallmarks of agico’s strategy. Putting quality before quantity enables us to achieve profitable, long-term growth. Thanks to this far-sighted strategy, we are faring exceptionally.
Strategy – Askari General Insurance Company Limited
3. Intro Video – Askari General Insurance Company Limited
4. Types of Insurances – Askari General Insurance Company Limited
4.1 Askari Motor Insurance – Askari General Insurance Company Limited
| Private Comprehension | Get optimum cover for your private vehicle to safeguard against third party liability, accidents, damages, due to various factors including strikes, fire, natural calamities and more. |
| Motor cycle Insurance | Specially designed to safeguard your motor cycle against the damage caused by natural and man-made calamities such as strike theft and more. |
| Commercial Vehicle | Ask Motor Insurance offers Commercial Vehicle Cover to safeguard your financial liabilities while your commercial vehicle stands damaged. A cover to ensure that your business keeps going. |
4.2 Askari Health Insurance – Askari General Insurance Company Limited
Flexible and Customized Coverage Plans for Health Insurance in Pakistan
Furthermore, if you pick Askari Health Insurance plans, you will receive prompt care for your sickness. In addition, our health plans include cashless hospitalization. As a consequence, you will be able to seek treatment at a variety of world-class hospitals. Please contact us if you are looking for the Best Health Insurance in Pakistan.
Askari health insurance allows you to receive the benefits of healthcare without having to worry about how to pay for it. Additionally, our health insurance policies cover a large number of hospitals, labs, and diagnostic facilities throughout Pakistan. The following is a list of panel hospitals from throughout the country:
https://www.agico.com.pk/assets/images/brochures/PANEL%20HOSPITALS%20LIST.pdf
| Ask Family | Because they are meant to be cared for! |
| ASK Care | ASK Care offers you to focus on recovery! |
| Askari Group Health | Group Health Insurance doesn’t have to be complicated. |
| A.S.H. A | Askari Student Health advantage for student |
4.3 Askari Fire Insurance – Askari General Insurance Company Limited
Shielding your future from going up in smoke!
Askari Fire Insurance helps companies manage their risk to accidental fire losses by paying for damages that cannot be avoided, averted, or minimized. Because of the high likelihood of organizational exposure to the prospect of fire losses, Askari Fire Insurance covers property damage caused by fire and a variety of dangers. Replacement, reconstruction, or repair costs are reimbursed.
Following mentioned risks are covered
- Fire
- Earthquake (Fire and shock)
- Explosion
- Aircraft Damage
- Impact damage
- Atmospheric Disturbance
- Riot and strike damage
- Malicious damage
- Burglary
3.1 Policy Types
In addition to a Normal Fire policy and a Fire and Associated Perils policy, the following policy types are available:
| Terrorism Policy | Every act of terror that causes damage to insured property is covered. |
| Loss of Profits or a Consequential Loss Policy | It is especially designed to cover the fixed operating costs incurred while the usual working or production capabilities of any industrial firm are suspended due to a fire occurrence. This coverage is only accessible when combined with a fire policy. |
| Householders Comprehensive Policy | A policy designed to protect residential homes and their belongings, including a restricted amount for valuables, Personal Accident cover, travel insurance, and third-party liabilities. |
| Shop-owners Comprehensive Policy | Designed to protect small shops from any unfortunate or fortuitous incidence that may occur at any moment. Besides from conventional coverage for fire and its linked hazards for the building and its contents, including stocks, this package insurance also includes coverage for company money, plate glassware, employee infidelity, and third-party liabilities. |
4.4 Askari Marine Insurance – Askari General Insurance Company Limited
Askari Marine Insurance personnel understand the demands of seafarers and land dwellers thanks to decades of expertise. Askari Marine Insurance protects you against vessel, cargo, and liability hazards.
| Marine Cargo Insurance | No matter who you are- a manufacturer, trader or a transporter Askari Marine Cargo Insurance can help you navigate risks seamlessly |
| Marine Liability Risks | Obtain peace of mind through various Askari Marine Liability Covers. We provide cover against specified form of liability that could arise during the course of any operation of the cargo/hull owners or any related service provider. |
| Marine Hull Insurance | Sailing smoothly through the rough waters is made easy by Askari Marine Hull insurance. It fits most vessel sizes from tugs through to supply ships. |
4.5 Askari Travel Insurance – Askari General Insurance Company Limited
Agico provides the best travel insurance coverage in Pakistan. Our travel arrangements are adaptable, inexpensive, and tailored to your specific requirements. We have you covered whether you are a frequent traveller or planning a single overseas vacation. Our single trip and multi trip travel insurance policies are as straightforward as our auto insurance policies. Simply choose your preferred plan by comparing the various alternatives and relax!
4.5.1 Annual Travel Insurance Plan
If you travel internationally frequently, you may buy an annual travel coverage package that will cover your various journeys. When your departure date approaches, think about travel insurance providers that will protect you from financial damages if your vacation is cancelled or stopped due to circumstances beyond your control.
4.5.2 Single Trip Insurance Plan
Whether you’re planning a weekend getaway or a once-in-a-lifetime vacation, our single trip travel insurance in Pakistan is an excellent solution for your travel needs. Most individuals choose our single trip insurance plan for a one-time vacation or brief getaway. But, if you want to travel twice or more in the same year, we recommend that you purchase our Multi trip travel coverage plan. Agico is the top travel insurance provider in Pakistan.
4.6 Askari Engineering Insurance – Askari General Insurance Company Limited
Askari Engineering insurance fully recognizes that all constructions, erections, and installation work have components of risk, whether due to the nature of the work to be performed, contractual liability, or location risks. We have the experience to show you how, along with Askari Engineering, you can keep ahead of developing risks with coverage that cover a wide range of technologies and industry sectors.
Askari Engineering, with decades of expertise, is one of the market leaders in detecting and insuring developing technical risks. We guarantee that our clients get the coverage they need by continuing our heritage of excellence in technical expertise and dedication to clients in a wide range of sectors.
| Electronic Equipment Insurance | Askari Electronic Equipment insurance provides coverage for daily exposure to operational hazards and catastrophic losses in electronic equipment, covering moderate power supply systems like computers, audio-visual, and medical equipment. |
| Contractor Plant and Machinery | Askari provides annual cover for Contractors’ Plant and Equipment, ensuring no-limitation and non-limitation at specific work sites. |
| Erection All Risk Insurance (E.A.R) | Askari Erection All Risk insurance provides comprehensive coverage for projects from supplier warehouse to site commissioning, ensuring coverage for manufacturers, suppliers, commissioned firms, and purchases of machinery or plant. |
| Machinery Insurance | Askari Machinery Insurance provides financial protection for insureds in case of unexpected breakdowns, including accidental, electrical, or mechanical damage. The policy covers various machinery types, including generators, compressors, turbines, transformers, and industrial assembly lines, and covers repair and replacement of damaged parts. |
4.7 Askari Bond Insurance – Askari General Insurance Company Limited
4.7.1 Credit and Suretyship
Askari has a range of surety bonds in its portfolio to fulfil the needs of diverse company concerns entering into entrepreneurial contractual agreements with one another. Some of these are as follows:
| Performance Bond | Askari Performance Bond ensures contract performance by ensuring payment to the owner on demand if the contractor fails to abide by terms. This bond is based on PEC’s approved wording and available on most economic rates and terms, or on specific wording for unique contractual relationships. |
| Mobilization Advance Bond | Pre-financing a contract with an Askari Mobilization Advance Bond ensures repayment of the advance to the owner against the contractor’s failure to fulfill their obligation. This bond guarantees the advance’s non-willful misappropriation and pays the outstanding amount if the principal defaults on proper utilization. |
| Retention Money Bond | Askari Retention Bond ensures contractor completes contract activities, allowing full payment for goods or services retained during maintenance or warranty periods. This bond allows contractor to release payment before completion, allowing principal to claim defects in performance or services. |
| Supply Bond | Skari Supply Bond is issued for contracts involving materials, goods, and machinery, ensuring continuity and availability of goods and services. It ensures payment on demand in case of contractor failure, with insurers acting as a surety. |
| Bid Bond | Askari provides bid bond for open tenders, providing compensation in case of backouts. |
4.8.1 Askari Aviation Insurance – Askari General Insurance Company Limited
Askari Aviation Insurance offers customized coverage options for aviation businesses, minimizing risks and ensuring safety through underwriting techniques and risk mitigation.
| Aircraft Insurance Policy | A general aviation product that covers the hull of the aircraft as well as crew, passenger, and public liability. This policy is appropriate for small aircraft operated for personal or commercial reasons, either on charter or as a training facility. |
| Aviation General Liability Policy | Liability policy for commercial airline operators, covering passenger and public liability in aviation accidents. |
| Aircraft Hull Insurance | A material damages coverage that covers any accidental or unanticipated loss or damage to an aircraft’s hull. |
| Ground handlers Liability | Ground Handlers offer airport services like cargo loading, passenger boarding, janitorial, and maintenance, posing risks to aircraft. |
| Loss Of Lisecence | Aviation industry enforces strict controls, licensing professionals, and indemnifies lost earnings for impairments, ensuring precision and perfection. |
4.9 Askari Misc. Insurance – Askari General Insurance Company Limited
4.9.1 Liability Insurance
| Employer Liability | Employers must provide medical and family relief for employees injured during work, ensuring permanent liability coverage. |
| Commercial General Liability Insurance | Askari’s CGL provides liability coverage for commercial enterprises, covering property damage, personal injury, and legal defense costs. |
| Public Liability Insurance | Askari Public Liability Insurance offers comprehensive protection for professionals, individuals, and corporations in legal proceedings. |
| Professional Indemnity | Askari Professional Indemnity policy provides specialized coverage for professionals offering specialized services to the public, addressing errors and omissions. |
Other types of Askari Misc. Insurance are mentioned below;
| Fidelity Guarantee Insurance | Askari Fidelity Guarantee Insurance safeguards employers from misappropriation of company property, including fraud and dishonest acts, and covers legal costs and legal proceedings. |
| Personal Accident Insurance | Askari Personal Accident Insurance offers 24-hour coverage for accidental death, bodily injury, and permanent or partial disablement, with age limitations and group coverage for business concerns |
| Plate Glass Insurance | Plate glass is currently frequently used in stores and workplaces; however, it is easily damaged due to its fragility. Askari Insurance provides a coverage that expressly covers plate glass shattering due to practically any unintentional reason. The policy is renewed every year. |
| Workmen Compensation Insurance | Workmen’s Compensation Insurance Policy covers legal liability for employees’ injuries and deaths from accidents and illnesses. |
4.10 Money Insurance – Askari General Insurance Company Limited
Money Insurance Includes the following insurances,
| Askari Cash in Safe | Askari Cash in Safe Insurance protects assets from unforeseen risks, ensuring daily business operations and financial compensation in case of theft. |
| Cash On Counter | Cash lying on counters attracts unscrupulous attention; policy safeguards against theft during business hours. |
| Cash In Transit | Askari cash in Transit protects against money loss in transit, covering various modes of payment, including paper currency and electronic transactions. |
4.11 Askari ASK Track – Askari General Insurance Company Limited
Ask Track, a regional player in Pakistan, offers safety solutions for vehicle owners, providing affordable, reliable, and efficient vehicle tracking through services like stolen vehicle services and fleet management.
| Vehicle Tracking Solutions (VTS) | Comprehensive 24/7 vehicle tracking package with 24/7 customer support. |
| Fleet Management Solutions (FMS) | Advanced fleet management solutions enhance productivity, save time, and money by efficiently managing vehicles and drivers. |
5. Branches – Askari General Insurance Company Limited
Following are branches of Askari General Health found throughout Pakistan.
- Head Office – Rawalpindi
- Abbottabad
- Bahawalpur
- Faisalabad
- Hyderabad
- Gujranwala
- Islamabad
- Karachi
- Lahore
- Peshawar
- Multan
- Sialkot
- Rahimyar khan
- Quetta
For branches Address, Phone Number, Email visits the following link,
https://www.agico.com.pk/branches.php
6. Documents Required – Askari General Insurance Company Limited
6.1 For Bond Insurance – Askari General Insurance Company Limited
- Company Profile
- Board Resolution authorizing an officer to negotiate with AGICO and sign on behalf of the company/partnership etc.
- Registration Certificate from Engineering Council
- Dully filled and signed Proposal Form
- Contract Agreement
- Bank Statement Last Six Months
- Balance Sheet (last 3 years)
- Purchase Order/Work Order/Letter of intent
- Article Memorandum if applicable
- Partnership deed, if applicable
- Written request
- Official Counter Guarantee and Promissory Note
- Personal Counter Guarantee and promissory note. (Format will be provided before issuing bond)
- Undated Cheque (Signature must be verified)
- Signatories’ verification by bank of which cheque is being issued.
- CNIC of owners
6.2 For Engineering Insurance – Askari General Insurance Company Limited
- Dully filled signed and stamped proposal from
- Basis of valuation for the equipment
6.3 Plate Glass Insurance – Askari General Insurance Company Limited
- Value of Glass
- Place of Installation
6.4 Fidelity Guarantee Insurance – Askari General Insurance Company Limited
- Dully Filled, Signed and Stamped Proposal Form
- Job details and level of authority exercised by the persons to be covered.
- Standard Operating Procedures
6.5 Personal Accident Insurance – Askari General Insurance Company Limited
- Dully Filled, Signed and Stamped Proposal Form
- Copy of CNIC
- Particulars of Company in case of Group Personal Accident
7. Board of Directors – Askari General Insurance Company Limited
Following are the list of board of directors of Asia
| Lt Gen Naveed Mukhtar (Retd) | Chairman |
| Air Vice Marshal Mohammad Athar Shams, HI (M) (Retd) | Director |
| Rizwan Ullah Khan | Director |
| Brig Mukhtar Ahmed (Retd) | Director |
| Malik Riffat Mehmood | Director |
| Mr. Mohammad Munir Malik | Director |
| Saima Akbar Khattak | Director |
| Imran Iqbal | Director |
6. Clients – Askari General Insurance Company Limited
6.1 CEPEC Clients – Askari General Insurance Company Limited
- Hub Power Company Limited (HUBCO)
- China Three Gorges Corporation (CTG)
- Xuzhou Construction Machinery Group Global (XCMG)
- Gezhouba Group (CGGC)
- CGGC-UN-POWERCO,Ltd
- SINOTEC CO., LTD.
- China National Machinery Import & Export Corporation
- SINOHYDRO Corporation
6.2 Pakistani Clients – Askari General Insurance Company Limited
Askari General Insurance Company Limited has a lot of clients, some of them are listed below,
- Ansari Sugar Mills
- KOHAT Cement Company Limited
- WATCH Guard
- Super Asia
- Bank Of Punjab
- Pyramid Gass Pvt, Ltd
- Zong 4G
- Ptcl
- Korea International Corporation Agency KOICA
- AYAN Energy
7. Online Helpline – Askari General Insurance Company Limited
- UAN Number: 051-111-444-687
- Email Address: info@agico.com.pk , agicoho@agico.com.pk
- Hotline Numbers; +92 51 8848100
- Complains: grievance@agico.com.pk
- Claims: calims@afroasianassistance.com
8. Verification – Askari General Insurance Company Limited
Company is verified from;
https://jamapunji.pk/verify/listed-company/askari-general-insurance-company
9. Disclaimer – Askari General Insurance Company Limited
- If the Askari General Insurance Company Limited 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.Bottom of Form.
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