In 1942, the founding members of the Habib Family laid the groundwork of Habib Insurance Company in Bombay, India – one more addition to augment family’s industrial and commercial ventures.
However, among many other distinctions and excellences of Habib Family, following the partition of subcontinent after August, the entrepreneurial minds relocated the Head Office of Habib Insurance to Karachi, in 1947 and from the moment for over 75 years, Habib Insurance all alone is the oldest and longest tenured insurance company in Pakistan.
For good measure, attributable to the fact, Habib Insurance is also branded as the oldest group company under the umbrella of Habib Family.
Through the years, Habib Insurance Company Limited (HICL) has consolidated itself, raising capital through the issuance of bonus shares and has recognized itself as one of the notable public limited insurance companies in Pakistan.
Our wide range of insurance products offer maximum protection, competitive products and best services to our honorable clientele. With over seven decades of experience in the insurance sector with best reinsurance arrangements with top companies including Hannover Re, Scor Re, Korean Re and Swiss Re Habib Insurance has earned the reputation of being significantly profitable and liquid.
Habib Insurance offers General insurance for different classes of business including Fire and Property, Marine and Transport, Motor, Engineering & Travel insurance for both individuals and corporate clients.
Habib is committed to its time honoured 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.
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.
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