It was formed in 1942 in Bombay (now Mumbai) India, by the Habib Family, and this was part of the Habib family’s growing industrial and commercial ventures. After the partition of the subcontinent in 1947, the company relocated its head office to Karachi, Pakistan and started its journey of durable legacy as Pakistan’s longest-serving insurance company, a reputation sustained for over 75 years.

As the oldest company within the Habib Family’s business portfolio, Habib Insurance continues to play an essential role in Pakistan’s insurance sector, distinguished by its commitment to innovation, financial strength, and customer trust.

A Legacy of Growth and Financial Stability

Over the past decades, Habib Insurance Company Limited (HICL) has reinforced its position in the market by expanding operations, increasing capital through bonus share issuances, and earning acknowledgement as a leading public limited insurance provider in Pakistan.

Offering a diverse portfolio of insurance solutions, Habib Insurance is known for its comprehensive coverage, competitive products, and incomparable service. Through strategic reinsurance agreements with globally reputed firms such as Hannover Re, Scor Re, Korean Re, and Swiss Re, the company guarantees secure and dependable policies for its valued customers.

What Habib Insurance Offers

Habib Insurance delivers a wide range of general insurance products, tailored to meet the needs of individuals and commercial clients. Key offerings include:

• Fire & Property Insurance – Protecting financial loss to assets, businesses, machineries, stocks, home and valuable items against fire, lightening, explosion and other perils.
• Marine & Transport Insurance – This insurance protects financial loss of the cargo that customers exports or imports from Pakistan. Coverage can be tailored on limited or comprehensive basis.
• Motor Insurance – Provides financial protection for personal and/or commercial vehicles on comprehensive and limited basis.
• Engineering Insurance – Provides financial safeguard against perils related to construction of factories, plazas, etc., machinery, and engineering projects, covering damage, accidents, and technical failures.
• Travel Insurance – provides financial protection against unforeseen events to travelers during an international or domestic trip, such as medical emergencies, trip cancellations, lost luggage, and travel delays.

Since its formation that spreads over seven decades, Habib Insurance has earned reputation for financial resilience, profitability, and liquidity in Pakistan business circle making it a trusted name in Pakistan’s insurance sector.