Assure financial future today for a better tomorrow Creating a better tomorrow
Disclaimer THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL ANY SECURITIES OR ANY INVESTMENT • This presentation has been prepared by IGI Life Insurance Limited (“IGILIFE”) solely for information purposes. No representation or warranty express or implied is made thereto, and no reliance should be placed on, the fairness, accuracy, sufficiency, completeness or correctness of the information or any opinion contained herein, or any opinion rendered thereto. The information contained in this presentation should be considered in the context of the circumstances prevailing at the time and will not be updated to reflect any developments that may occur after the date of the presentation. Neither IGILIFE nor any of its respective affiliates, officials, advisors, associates, employees or any person working for, under or on behalf, shall have any responsibility and/or liability of any nature whatsoever (in contract or otherwise) for any loss whatsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. • This presentation does not constitute or form part of a prospectus, offering circular or offering memorandum or an offer, solicitation, invitation or recommendation to purchase or subscribe for any securities and no part of it shall form the basis of, or be relied upon in connection with, or act as any inducement to enter into any arrangement, agreement, contract, commitment or investment decision in relation to any securities. This presentation shall not at all be intended to provide any disclosure upon which an investment decision could be made. No money, securities or other consideration is being solicited, and, if sent in response to this presentation or the information contained herein, will not be accepted. Assure financial future today for a better tomorrow Creating a better tomorrow
Disclaimer THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL ANY SECURITIES OR ANY INVESTMENT • The presentation may contain statements that reflect IGILIFE own beliefs and expectations about the future. These forward-looking statements are based on a number of assumptions about the future, which are beyond IGILIFE control. Such forward-looking statements represent, in each case, only one of many possible scenarios and should not be viewed as the most likely or standard scenario. Such forward looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. IGILIFE does not undertake any obligation to update any forward-looking statements to reflect events that occur or circumstances that arise after the date of this presentation and it does not make any representation, warranty (whether express or implied) or prediction that the results anticipated by such forward-looking statements will be achieved. In addition, past performance should not be taken as an indication or guarantee of future results. • You agree to keep the contents of this presentation strictly confidential. All or any part of this presentation may not be taken away, reproduced, copied, redistributed, retransmitted or disclosed in any manner or form and for any purpose whatsoever. • By attending this presentation, you are agreeing to be bound by the foregoing limitations. Assure financial future today for a better tomorrow Creating a better tomorrow
Content 1. Company Overview 2. Strategic and Operational Developments 3. Financial Highlights 4. Questions & Answers Assure financial future today for a better tomorrow Creating a better tomorrow
Insurance Industry of Pakistan Total Premium Written in Pakistan – Life and Non Life excluding State Life and NICL Insurance Density Pakistan Region USD: 1.3bn (Premium/Capita) (USD) * PKR 197bn (USD) Non Life 2.20 8.23 250 Non… Life 2.70 22.72 i Life Non Life Overall 4.90 30.95 i 109.7 112 200 81.7 PKR Billion 150 74.1 Insurance Penetration Pakistan Region* 48.4 (Premium/GDP) (%) (%) 100 40.9 31.3 Non Life 0.24 0.64 23 17 13 12 Life 0.65 1.60 50 61.3 64.8 76.2 85.7 Overall 0.89 2.24 55 44.3 48.7 43 38 35 34 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 *India, Sri Lanka & Bangladesh Assure financial future today for a better tomorrow Creating a better tomorrow
About • 1994 - Formed as a Public Limited Company (Metlife Alico) with start-up of Operations in 1995. • 2014 - Acquired by a Packages Group Company, IGI Insurance Limited (Now IGI Holdings Limited) • IGI Holdings currently holds 82% stake in the Company. • 2018 - Collaborated with Vitality Group International (having presence in 52 countries). • The Company has: • Presence through 22 sales offices/branches across Pakistan. • Has 200 direct & 400 indirect staff members . • Credit Rating A+ (with stable outlook) by PACRA. Assure financial future today for a better tomorrow Creating a better tomorrow
Progress at a Glance Launching of Family Takaful Window Takaful Public Launch Commencemen Operations Premium of Vitality t of Operations crossed Rs. 1 through Product Billion licensing by SECP 2014 2016 1994 2018 1995 2017 2019 2015 Formation of Partnered with First Foreign Acquisition of Crossed Rs. 7 Vitality Group Life Insurance Controlling Billion Gross International to Company in Stakes by Premium bring Shared Pakistan after Packages Group Written Value Insurance Privatisation Product Assure financial future today for a better tomorrow Creating a better tomorrow
Management Team Assure financial future today for a better tomorrow Creating a better tomorrow
Content 1. Company Overview 2. Strategic and Operational Developments 3. Financial Highlights 4. Questions & Answers Assure financial future today for a better tomorrow Creating a better tomorrow
Product Suite of Unit Linked Individual Life Conventional Insurance Products Savings Plans Plans Medical Individual Coverage Accidental and Health Plans Products Corporate Group Life Group Medical Employee Insurance Coverage Plans Plans Benefit Products Assure financial future today for a better tomorrow Creating a better tomorrow
Redefining Our Mission After acquisition by Packages Group, the Company re-defined its Mission Statement as: IGI Life provides innovative life and health insurance as well as investment solutions Mission through ground-breaking Statement innovation and exemplary customer service, leveraging different distribution channels Assure financial future today for a better tomorrow Creating a better tomorrow
Product Suite of Conventional Unit Linked Individual Life Savings Insurance Products Attempting to Disrupt Plans Plans through “Innovation” Brought in Vitality Individual Medical Accidental to Pakistan Coverage and Health Products Plans Corporate Group Group Life Employee Medical Insurance Benefit Coverage Plans Products Plans Assure financial future today for a better tomorrow Creating a better tomorrow
Vitality – A Success Story Operate in 19 countries & 8.9 million Vitality members globally* 200 thousand new members each month The model is built on a foundation of 40 million life years of health, life and insurance data linked to Every single minute this wellness behavior platform tracks roughly a 1,000 activities and picks Launched in 1997 up about 50 biometric https://www.linkedin.com/pulse/dia-interview-andre-nepgen-discovery-all-ecosystems-roger-peverelli readings https://www.forbes.com/sites/tobyshapshak/2018/11/14/south-africas-biggest-medical-aid-discovery-launches-first-behavioural-bank/#6dedd2a57900 https://www.vitality.co.uk/careers/our-history/ Assure financial future today for a better tomorrow Creating a better tomorrow
Vitality – Shared Value Insurance Assure financial future today for a better tomorrow Creating a better tomorrow
Vitality – First Active Life Insurance Assure financial future today for a better tomorrow Creating a better tomorrow
Vitality – Life Expectancy Analysis Assure financial future today for a better tomorrow Creating a better tomorrow
Vitality – Infrastructure IGI Life Insurance has created a platform to market its Unique Insurance Products. IGI FSI - Set-up of In-house Training Institute for human capital capable of selling Vitality Products. Investment in IT Infrastructure to support its operations Met the financial requirements of the project through right issue in Aug 2019. Assure financial future today for a better tomorrow Creating a better tomorrow
IGI FSI – In-House Training Institute IGI FSI is a recruitment and training facility, pioneering in Emerging technologies driven training and business solutions with special emphasis on Vitality Achievements • Created database of over 150,000 employable talent across Pakistan. • Trained more than 2000 Agents on life insurance and Vitality with interactive online training module in English and Urdu. Karachi & Lahore offices and training centers fully functional Assure financial future today for a better tomorrow Creating a better tomorrow
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