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051-111-444-687
3rd Floor, AWT Plaza, The Mall,
Rawalpindi, Pakistan
24/7 Services
to clients
Agico was incorporated by the Securities and Exchange Commission of Pakistan on 12th April 1995. It commenced its operations from 20th july 1995.
We operate in insurance sector. Agico is offering non-life insurance services through our 19 branches located in all major cities of Pakistan.
We are a subsidiary of the Army Welfare Trust (AWT) Group of Companies.
Our Head Office / Registered Office is located at 3rd Floor, AWT Plaza, The Mall, Rawalpindi.
Our Board of Directors is made up of eight members. See the Detail..
Our current strength consists of around 400 employees.
We compete with Atlas Insurance, Habib Insurance, United Insurance, Century Insurance and UBL Insurance.
Key Financial Figures. Click Here...
Financial Reports . Click Here...
We prepare our financial statements in accordance with approved accounting standards as applicable in Pakistan. Approved accounting standards comprise of such International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board as are notified under the Companies Ordinance, 1984, provisions of and directives issued under the Companies Ordinance, 1984, the Insurance Ordinance, 2000 and SEC (Insurance) Rules, 2002. In case requirements differ, the provisions or directives of the Companies Ordinance, 1984, Insurance Ordinance, 2000 and SEC (Insurance) Rules, 2002 shall prevail.
We publish our results in the Pakistani Rupees (PKR).
Our shares are traded on Pakistan Stock Exchange
The par value of our share is Rs. 10 per share.
Our paid up share capital consists of 54,368,134 shares.
The last cum-rights share issue took place in July 2016.
Agico has only issued ordinary shares so far.
As at 30 September, 2016, our shareholders stand at 1,920.
Army Welfare Trust holds 59.18% shares totaling 32,174,395.
Our first share listing was on 10th March 1996 at par value of Rs. 10 per share.
Questions regarding corporate management, control and transparency are summarized under "Corporate Governance". A company's corporate governance structure is determined by a varied regulatory framework that is shaped by statutory requirements, market self-control mechanisms and company-specific principles.
Essential elements of good Corporate Governance are:
The Corporate Governance Code issued by the Securities and Exchange Commission of Pakistan in 2012, summarizes the main statutory regulations for the management and supervision of local listed companies.
Recently, a dedicated Code of Corporate Governance for Insurers, 2016 has been introduced which, in addition to the requirements of the Code of Corporate Governance, 2012, requires all life and non-life insurance companies to follow the requirements mentioned therein.
As a statutory requirement, the remuneration of the Board of Directors is mentioned in the notes to the financial statements.
Our Board of Directors is made up of eight members. See the List..
Yes, in compliance with the statutory requirement, Agico has implemented a Code of Conduct/Ethics across the board which sets minimum behavioral/conduct standards for all employees, whether at Head Office or branches, in order to prevent situations which might question their honesty. See the full code of conduct.
Health insurance is a type of insurance coverage that provides cover for medical and surgical expenses incurred by an insured Company or person in need of health services including hospitalization, for medical and surgical management of diseases, disorders and conditions, medical and surgical emergencies and Clinical out door Patient’s treatment.
Your health insurance will either pay your hospital bills directly (Panel hospital services), if opted for the cashless facility, or it will reimburse any payment made by you towards medical expenses incurred due to an illness or injury.
There are two kindly of health products
1. Group Health Policy that will be offered to a Company, NGO or organization only.
2. Personal Individual health policy will be offered to any individual person or family.
While eligibility age for different health insurance policies differs, the general eligibility age for an adult range between 18 years up to 65 years. The eligibility age for children lies between 30 days up to 18 years.
Yes, you are free to buy another plan based on your specific medical needs and conditions but only one policy will be applicable at a time.
For detail kindly contact to company representative on Tel: 051-111-444-687
In general, the health insurance premium is paid on a yearly basis. But, where the premium has been mutually agreed to be paid in installments, you can pay your premium in installments (quarterly or half-yearly basis).
Health insurance benefits differ from policy to policy. However, basic health insurance benefits include cover for an inpatient hospitalization, pre & post hospitalization, emergency treatment, daycare procedures, organ donor expenses, OPD expenses, and more.
Critical illness policies provide coverage for life-threatening illnesses such as Cancer, Stroke, Heart Attack, Kidney Failure, and others. If availing a critical illness plan, you can expect wide coverage for critical illnesses (number of illnesses are covered depending on plan), lump-sum amount payment on diagnosis, tax benefits, and more.
Yes! Buying health insurance will earn you the eligibility to claim tax benefits under Income Tax Ordinance Section 62A.
If you already have an insurance policy but want to extend your cover, you can do so at the time of policy renewal.
If you have already been diagnosed with a medical condition, it will be considered a pre-existing Condition/disease and you will be only allowed for the treatment of Pre-existing Condition/disease if your Plan or policy include these services at the time of inception of policy otherwise you are eligible only for the treatment of recently diagnosed Conditions or diseases.
Pre-existing condition is any condition which was known to exist prior to the commencement of the policy for the insured person. Conditions like diabetes, hypertension etc. are considered as pre-existing diseases in health insurance.
Before making a health insurance policy purchase, it is advisable for you to consider your medical needs, the type of plan you want to invest in, features of the plan, sum insured options, network hospital list, exclusions, premium, and customer reviews.
If the cost of treatment exceeds the entitled limit or the limit has already been availed then the insured will have to bear the expenses by himself.