ABOUT IGI LIFE

In 2014, IGI entered the Life Insurance arena by acquiring controlling stocks in an American life insurance company running in Pakistan. IGI Life Insurance carries a multinational heritage and is connected to the Packages group, one of Pakistan’s most reputed conglomerates. The company provides accidental & health insurance, life insurance, and other employee benefit solutions. It’s also one of the first companies to provide family takaful solutions to its wide customer base.

Best Insurance Plans Guaranteed

Great endowment - life insurance

Steady Accumulation of Capital

Guaranteed growth in profits year after year.

Whole Life Insurance

Risk-Averse Plans

Policies designed to bring you high returns with little risk involved.

Fast Claims

Unit-Link Policies

Buy units and cash them whenever you want to retrieve your accumulated funds.

Online Portal

Multiple Income Benefit Options

Get income benefit assurity with plans that care for you long after you’ve stopped earning.

Withdrawal Plans

Inflation Protection

Protect your monetary investments against inflation by easily adjusting your plan according to the rate of inflation.

Additional Riders

Same Plan Variants

Different price points for the same plan so every income bracket can participate.

Secure Future Plans for Your Children

Child Insurance by Get Insurance Pakistan

College Education Funds 

Take care of your child’s education needs and expenses with a single policy.

Marriage Savings Funds

Give your daughter the wedding of her dreams with our wide-coverage marriage savings plans. 

Death Coverage

Comprehensive death coverage so you leave a healthy, thriving and financially protected family behind.

High-Value Protection Plans

Choose Your Own Premium

Decide your premium and sum assured yourself.

Long-term Capital Growth

Long-term investment in equities for exceptional returns over time.

Investment Topups

Double your investments anytime by allocating more funds to your policy.

whole life plans

Family Takaful Plans

Takaful Insurance Plans

Coverage for Major Financial Goals

Comprehensive coverage for investments, buying a home, retirement, education and more. 

Single Contribution Options

Pay a single premium to gain insurance benefits for life. 

High Maximum Entry Barrier

Age limit of upto 75 years for select policies. 

How Do IGI Life’s Policies Work?

Most IGI Life Policies use unit-link methods to calculate and divide your returns. This means your premium is allocated to an investment fund. Every time you pay a premium, the company buys ‘units’ in an investment fund of your choosing and these units keep on accumulating until your policy matures.

1.

The company collects all your data (including assets, health score, income bracket, loans, medical history, etc) and assigns you a protection multiple to take out the minimum yearly premium you need to pay to get your sum assured.

2.

Once you start paying the premiums the company deducts commission, administration and unit allocation charges and invests the rest of your money into the investment fund by buying units.

3.

With each passing year, your cash value (the networth of your investments) accumulates and your policy becomes even more profitable.

4.

Your policy reaches a certain number of years. Now your policy is maturing, and accumulating additional bonuses based on the age of the policy. The older it grows, the more profitable it becomes.

5.

For policies that come with surrender value, you can choose to withdraw your sum assured after x number of years (generally 2-3+ years). In case your cash value has exceeded your sum assured, you can sell all the units you brought over the years through the policy and claim your cash value.

6.

Congratulations! Your policy has now matured. Once you’ve successfully reached the end of your policy you’re ready to  reap the benefits. You can now claim a string of completion bonuses and the sum assured you were guaranteed or the cash value you’ve accumulated.

Available Benefits with these policies

  • Waiver of premium: this means if you suffer a disability during the tenure of your policy and have lost your source of income, the company will pay your premiums until the policy matures or until you reach a certain age. 
  • Death Benefit: If you die in the middle of your policy, or in certain cases after it ends, your beneficiaries will receive a certain sum assured. 
  • Inflation Safety: Your premium and sum assured amounts are increased every year to combat inflation. 
  • Withdrawals: You can also withdraw money from your funds. Usually, the companies set a limit of the amount and the times you can withdraw the amount. These withdrawals also reduce your cash value back.
  • Surrender Value: You can quit investing in your premium/policies after having paid your premiums for 3 or 3+ years (can vary from company to company), get an evaluation of your cash value worth and then get the money if you don’t feel like proceeding, need the money urgently or do not have enough money to pay your premiums anymore.