Creating a better tomorrow
Assure financial future today for a better tomorrow
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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
Creating a better tomorrow
Assure financial future today for a better tomorrow
Creating a better tomorrow
Assure financial future today for a better tomorrow
THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL ANY SECURITIES OR ANY INVESTMENT
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
connection with this presentation.
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.
Creating a better tomorrow
Assure financial future today for a better tomorrow
THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL ANY SECURITIES OR ANY INVESTMENT
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
(whether express or implied) or prediction that the results anticipated by such forward-looking statements will be
taken away, reproduced, copied, redistributed, retransmitted or disclosed in any manner or form and for any purpose whatsoever.
Creating a better tomorrow
Assure financial future today for a better tomorrow
Creating a better tomorrow
Assure financial future today for a better tomorrow
Total Premium Written in Pakistan – Life and Non Life excluding State Life and NICL
34 35 38 43 44.3 48.7 55 61.3 64.8 76.2 85.7 12 13 17 23 31.3 40.9 48.4 74.1 81.7 109.7 112 50 100 150 200 250 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 PKR Billion
Non…
Life
i i
Non Life
USD: 1.3bn PKR 197bn
Insurance Density (Premium/Capita) Pakistan (USD) Region * (USD) Non Life 2.20 8.23 Life 2.70 22.72 Overall 4.90 30.95 Insurance Penetration (Premium/GDP) Pakistan (%) Region* (%) Non Life 0.24 0.64 Life 0.65 1.60 Overall 0.89 2.24
*India, Sri Lanka & Bangladesh
Creating a better tomorrow
Assure financial future today for a better tomorrow
Operations in 1995.
IGI Holdings Limited)
countries).
Creating a better tomorrow
Assure financial future today for a better tomorrow
Formation of First Foreign Life Insurance Company in Pakistan after Privatisation Acquisition of Controlling Stakes by Packages Group Crossed Rs. 7 Billion Gross Premium Written Partnered with Vitality Group International to bring Shared Value Insurance Product Commencemen t of Operations Launching of Window Takaful Operations through licensing by SECP Family Takaful Premium crossed Rs. 1 Billion
2017 1995 2015 1994 2014 2016 2018
Public Launch
Product
2019
Creating a better tomorrow
Assure financial future today for a better tomorrow
Creating a better tomorrow
Assure financial future today for a better tomorrow
Creating a better tomorrow
Assure financial future today for a better tomorrow
Conventional Savings Plans Unit Linked Insurance Plans
Individual Accidental and Health Plans
Group Life Insurance Plans Group Medical Coverage Plans
Creating a better tomorrow
Assure financial future today for a better tomorrow
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 through ground-breaking innovation and exemplary customer service, leveraging different distribution channels
Creating a better tomorrow
Assure financial future today for a better tomorrow
Individual Life Products Conventional Savings Plans Unit Linked Insurance Plans Medical Coverage Products Individual Accidental and Health Plans Corporate Employee Benefit Products Group Life Insurance Plans Group Medical Coverage Plans
Attempting to Disrupt through “Innovation”
Creating a better tomorrow
Assure financial future today for a better tomorrow
Launched in 1997 200 thousand new members each month
Every single minute this platform tracks roughly a 1,000 activities and picks up about 50 biometric readings
The model is built on a foundation of 40 million life years of health, life and insurance data linked to wellness behavior
https://www.linkedin.com/pulse/dia-interview-andre-nepgen-discovery-all-ecosystems-roger-peverelli 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/
Creating a better tomorrow
Assure financial future today for a better tomorrow
Creating a better tomorrow
Assure financial future today for a better tomorrow
Creating a better tomorrow
Assure financial future today for a better tomorrow
Creating a better tomorrow
Assure financial future today for a better tomorrow
IGI Life Insurance has created a platform to market its Unique Insurance Products.
capable of selling Vitality Products.
in Aug 2019.
Creating a better tomorrow
Assure financial future today for a better tomorrow
Karachi & Lahore offices and training centers fully functional
IGI FSI is a recruitment and training facility, pioneering in Emerging technologies driven training and business solutions with special emphasis on Vitality
Achievements
English and Urdu.
Creating a better tomorrow
Assure financial future today for a better tomorrow
The Company has invested sufficient amounts and resources to develop IT systems and infrastructure to support its unique and shared value products. The main purpose to procure and upgrade its technology is:
support of Vitality.
Creating a better tomorrow
Assure financial future today for a better tomorrow
Chartered Bank
Bank
Creating a better tomorrow
Assure financial future today for a better tomorrow
Creating a better tomorrow
Assure financial future today for a better tomorrow
Company had slightly decrease by 3% as compared to same period LY.
increase in discount rate from 5.75% to 13.25%
million mainly due to
due to launch of new product “Vitality”,
Costs for improving
its distribution
Description Nine Months Ended Sept 30, 2019 Nine Months Ended Sept 30, 2018 Rupees in 000's Gross Premium 3,591,132 3,706,019 Net Premium 3,478,861 3,604,818 Net claims (including surrenders) 3,586,364 3,764,234 Investment Income (including other income) 1,152,344 790,685 Acquisition cost 550,624 465,233 Admin Expenses 828,860 562,201 (Loss) / profit before tax (248,113) 52,370 (Loss) / profit after tax (176,159) 37,174 (LPS) / EPS (1.40) 0.31
Creating a better tomorrow
Assure financial future today for a better tomorrow
Overall Gross Premium Rs. 3,591 million Jan – Sept 2019
Individual Life- Agency 21% Bancassurance 33% Corporate Business 46%
Creating a better tomorrow
Assure financial future today for a better tomorrow
IGI Life
(Dec-18: 16,780M)
Policy Holders Fund
(Dec-18: 15,254M) Life Par
(Dec-18: 1,499M)
PIBs/ T-Bills
Life Non Par
(Dec-18: 5,953M)
PIBs/ T-Bills
Pension (PIBs)
(Dec-18: 46M) Investment Linked
(Dec-18: 7,757M) Shareholders Fund
(Dec-18: 1,593M)
T-Bills/PIBs/TFCs
Income Funds
Equity Funds/ SMA
Bank Deposits
Creating a better tomorrow
Assure financial future today for a better tomorrow
5.99% 2.52% 13.25% 8.89% 10.35% 12.26% 12.43% 5.47% 6.94% 8.15%
KSE-100 KMI-30 Policy Rate Aggressive Balanced Conservative Secure Aggressive - Tak Balanced - Tak Conservative - Tak
Creating a better tomorrow
Assure financial future today for a better tomorrow
Creating a better tomorrow
Assure financial future today for a better tomorrow