The founding members of the Habib Family established the Habib Insurance Company in Bombay, India, in 1942, as another addition to the family’s industrial and commercial operations.
- 1. Introduction – Habib Insurance Company Limited, Pakistan
- 2. Details – Habib Insurance Company Limited, Pakistan
- 3. Intro Video – Habib Insurance Company Limited, Pakistan
- 4. Types of Insurances – Habib Insurance Company Limited, Pakistan
- 4.1 Property Insurance – Habib Insurance Company Limited, Pakistan
- 4.2 Marine Insurance – Habib Insurance Company Limited, Pakistan
- 4.3 Motor Insurance – Habib Insurance Company Limited, Pakistan
- 4.4 Engineering Insurance – Habib Insurance Company Limited, Pakistan
- 4.5 Travel Insurance – Habib Insurance Company Limited, Pakistan
- 4.6 Miscellaneous Insurance – Habib Insurance Company Limited, Pakistan
- 5. Required Documents – Habib Insurance Company Limited, Pakistan
- 6. Branches – Habib Insurance Company Limited, Pakistan
- 7. Board of Directors – Habib Insurance Company Limited, Pakistan
- 8. Clients – Habib Insurance Company Limited, Pakistan
- 9. Online Helpline – Habib Insurance Company Limited, Pakistan
- 10. Verification – Habib Insurance Company Limited, Pakistan
- 11. Disclaimer – Habib Insurance Company Limited, Pakistan
However, among many other distinctions and excellences of the Habib Family, following the partition of the subcontinent in August, the entrepreneurial minds relocated the Head Office of Habib Insurance to Karachi in 1947, and Habib Insurance has been the oldest and longest tenured insurance company in Pakistan for over 75 years.
1. Introduction – Habib Insurance Company Limited, Pakistan
For good measure, Habib Insurance is also known as the oldest group firm under the aegis of the Habib Family.
Habib Insurance Company Limited (HICL) has grown throughout the years, generating money via the issuing of bonus shares and establishing itself as one of Pakistan’s most significant public limited insurance firms.
Our diverse insurance products provide our esteemed clients with optimal protection, competitive goods, and the finest services available. Habib Insurance has almost seven decades of expertise in the insurance industry and finest reinsurance agreements with top businesses such as Hannover Re, Scor Re, Korean Re, and Swiss Re.
Habib Insurance provides General insurance for a variety of business classes, including Fire and Property, Maritime and Transport, Motor, Engineering, and Travel insurance to both people and corporations.
2. Details – Habib Insurance Company Limited, Pakistan
2.1 Vision Statement – Habib Insurance Company Limited, Pakistan
Habib is committed to its time-honored tradition of serving the Nation by extending a wide range of insurance products offering maximum protection, backed up by matchless service with prompt claim settlement as its utmost priority.
With high quality service to all its customers, the company will also strive to continue to give its shareholders a consistent return on their investment.
Vision Statement – Habib Insurance Company Limited
2.2 Mission Statement – Habib Insurance Company Limited, Pakistan
Habib will continue to pursue its policy of progressive yet cautious underwriting carving its rightful share in the insurance market without compromising its principles on underwriting and claim settlement.
It will continue to maintain its selective approach towards the business it underwrites and as new products and markets are being explored, the Company is investing its resources in people and ideas to meet these challenges.
Mission Statement – Habib Insurance Company Limited
3. Intro Video – Habib Insurance Company Limited, Pakistan
4. Types of Insurances – Habib Insurance Company Limited, Pakistan
The following forms of insurance are covered by the Habib insurance:
4.1 Property Insurance – Habib Insurance Company Limited, Pakistan
Covers you from fire, lightning, and explosion. This policy can also cover allied dangers. A free consultation on commonly overlooked risks can be arranged.
With the introduction of new threats such as:
Risks covered
- Earthquake (Fire & Shock)
- Atmospheric Disturbance Clause
- Aircraft or Arial Devices falling there from
- Impact (Collision) damage
- Riot and Strike damage
- Malicious damage
4.2 Marine Insurance – Habib Insurance Company Limited, Pakistan
Marine Insurance include:
4.2.1 Marine Cargo (Sea / Air) – Habib Insurance Company Limited, Pakistan
This insurance protects cargo being imported or exported from Pakistan. The cargo can be insured in two ways: limited or comprehensive.
4.2.2 Marine Cargo Inland – Habib Insurance Company Limited, Pakistan
This insurance covers the cargo being carried from one location in Pakistan to another.
The cargo can be covered under the following coverage on a limited or comprehensive basis.
1. Road/Rail Cargo Clauses ‘A’
This covers all risks of loss or damage to cargo.
2. Road/Rail Cargo Clauses ‘B’
This offers coverage for cargo loss or damage caused by the following risks.
Risks covered
- Fire or Explosion
- Overturning or derailment of land conveyance
- Collision or contact of conveyance with any external object other than water.
- Breakage of bridges.
- Terms and conditions as per standard policy apply
4.3 Motor Insurance – Habib Insurance Company Limited, Pakistan
Motor Insurance include:
4.3.1 Private Car and Commercial Vehicle – Habib Insurance Company Limited, Pakistan
The coverage covers whole and partial loss of individual and commercial automobiles, as well as accessories.
Risks covered
- Accidental external means
- Fire external explosion self-ignition or frost
- Burglary, house breaking or theft
- Malicious act
- Riot, strike
- Flood, hail, wind, hurricane, cyclone, tornado or typhoon
- Earthquake, volcanic eruption or other convulsion of nature and
- Whilst in transit by air, road rail inland waterway, lift or elevator
This policy also covers the risk of liabilities of Death, bodily injury or Damage to property of third parties.
Terms and conditions as per standard policy apply
4.3.2 Motor Cycle Comprehensive Policy – Habib Insurance Company Limited, Pakistan
This policy covers all major brands of domestic and imported motorcycles.
The insured will be compensated for any loss or damage to the motorbike.
Risks covered
- Accidental external means
- Fire external explosion self-ignition or frost
- Burglary, house breaking or theft
- Malicious act
- Riot, strike
- Flood, hail, wind, hurricane, cyclone, tornado or typhoon
- Earthquake, volcanic eruption or other convulsion of nature and
- Whilst in transit by air, road rail inland waterway, lift or elevator
This policy also covers the risk of liabilities of Death, bodily injury or Damage to property of third parties.
Terms and conditions as per standard policy apply
4.4 Engineering Insurance – Habib Insurance Company Limited, Pakistan
Engineering Insurance provide following insurances:
| Contractor’s All Risk Insurance | This insurance provides full coverage for contract works, construction plant, equipment, machinery, and property against loss, damage, and third-party claims. |
| Electronic Equipment | This insurance covers moderate power requirements for electronic systems during work, rest, maintenance, cleaning, overhauling, re-erection, and after successful commissioning. |
| Erection All Risk | This insurance covers the installation of machinery, plants, and steel buildings, as well as material damage and third-party responsibility claims. It protects against unanticipated physical loss and damages caused by third-party injuries or property damage. |
| Machinery Breakdown | Plant, machinery, and mechanical equipment are covered by industry-effective insurance when at work, rest, or during maintenance activities, including new installations and dismantling. |
| Insured Perils | Company indemnifies against unforeseen physical loss or damage from accidents, faults, improper operation, and employee negligence. |
4.5 Travel Insurance – Habib Insurance Company Limited, Pakistan
It protects you from additional medical and hospitalization costs when travelling anywhere in the world. This package, with its Online Claim Settlement function and 24/7 international help, has proven to be an excellent travel companion when planning a vacation overseas.
For details of packages provided visit the website:
https://www.habibinsurance.net/travel
4.6 Miscellaneous Insurance – Habib Insurance Company Limited, Pakistan
Miscellaneous includes the following insurances:
| Public Liability | Coverage against legal responsibility to pay compensation to any third party for accidental physical injury or death and/or direct property damage caused by the insured’s carelessness while on their premises. |
| Product Liability | Coverage for third-party losses and/or damage caused by the use of the Insured’s goods. This might include any form of manufacturing flaw or poor craftsmanship. |
| Umbrella Liability | An addition to the Public Liability coverage that increases the sum insured. |
| Fidelity Guarantee Insurance | Indemnity against financial loss caused as a result of an employee’s dishonest activity. |
| Cash in Safe Insurance | Indemnifies loss caused by burglary or dacoity in the insured’s safe at his or her premises. |
| Cash in Transit Insurance | Indemnifies damage caused by snatching or dacoity while in transit from the insured’s premises to the stated destination, as stipulated in the policy. |
5. Required Documents – Habib Insurance Company Limited, Pakistan
Set of the following documents will constitute “Claim Documentation” for a valid claim:
1. Claim form duly filled and signed by the Nominee.
2. Death certificate by hospital and NADRA
3. FIR (Police report) for Accidental death claim cases
4. Any other documents as required by the company
6. Branches – Habib Insurance Company Limited, Pakistan
Habib Insurance company has following branch network all over Pakistan:
- Habib Square Branch Karachi
- Habib Zonal Branch Karachi
- Imperial Court Branch Karachi
- Karachi Branch
- Lahore Al-Falah Branch
- Lahore Eden Branch
- Rawalpindi Branch
- Dera Ghazi Khan Branch
- Multan Branch
- Multan Corporate Branch
These are some of the branches discussed; for further information on these branches, please visit the following page.
https://www.habibinsurance.net/branch-network
7. Board of Directors – Habib Insurance Company Limited, Pakistan
Habib Insurance
| Rafiq M. Habib | Chairman |
| Abbas D. Habib | Director |
| Mr. Aun Habib | Director |
| Shahid Ghaffar | Director |
| Ali Fadoo | Director |
| Maleeha Humayun Bangash | Director |
| Aun Mohammad A. Habib | Director |
| Muhammad Hyder Habib | Director |
8. Clients – Habib Insurance Company Limited, Pakistan
- Kohinoor
- Toyota
- Master
- Dadex
- Proline
- Bank Alfalah
- Faysal Bank
- Silk Bank
- Standard Chartered
- MCB
9. Online Helpline – Habib Insurance Company Limited, Pakistan
- UAN Number : +92 -21- 111-03-03-03
- Fax No: +92 -21- 32421600
- Email: info@habibinsurance.net
- Address: 1st floor, state Life Building No. 6, Habib Square, M.A Jinnah Road, Karachi, 74000.
- Complaints: https://www.habibinsurance.net/complaints
- Claim Form: https://www.habibinsurance.net/docs/ClaimForm&SatisfactionNote.pdf
10. Verification – Habib Insurance Company Limited, Pakistan
Habib Insurance Company is verified from following website:
https://jamapunji.pk/verify/licensed-entity-detail/habib-insurance-company-limited
11. Disclaimer – Habib Insurance Company Limited, Pakistan
- If the Habib Insurance Company Limited, Pakistan 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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