Annual general meeting of IGI life Insurance Company Limited held on April 20, 2016

Karachi, IGI life Insurance Company Limited informed Pakistan Stock Exchange that annual general meeting of the company was held on April 20, 2016 at Karachi.

The meeting confirmed the minutes of last annual general meeting held on April 21, 2015, considered audited financial statement of the company for year ended December 31, 2015, the board approved payment of cash dividend @ Re. 1 per share, i.e. 10%, board approved re-appointment of M/s A.F. Ferguson & Company, Chartered Accounts for year 2016 at a remuneration to be fixed by the management.

IGI Life Insurance Limited (IGI Life) has marked the entry of IGI Financial Services into the Life Insurance arena through acquisition of controlling shares in American Life Insurance Company (Pakistan) Limited in April 2014. IGI Life is a leading provider of Life Insurance, Accident & Health Insurance and Employee Benefit Solutions. IGI Life is also amongst the first few companies who commenced Family Takaful business in 2015 under Window Takaful Operations enabling the Company to offer Shari’ah compliant products.

The symbol “IGIL” is being used by the stock exchanges for the shares IGI life Insurance.