IGI Life Insurance: TRANSMISSION OF THE ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2021
The IGI brand has been associated with the insurance industry since 1953, making it one of the earliest and most respected insurance providers in the Pakistani market. It falls under the umbrella of IGI Holdings, which is part of the Packages group.
The Packages Group is one of the most reputable and diversified business conglomerates with investments in the packaging, consumer packaged goods, pharmaceuticals and financial services sectors. the group is also actively involved and supports the development and animation of social, environmental and educational causes.
IGI Life was acquired to further diversify its ﬁnancial services portfolio. It was formed with the acquisition of American Life Insurance Company
(Pakistan) Limted (Metlife Alico) in 2014 recognized among the leading private sector life insurance companies. IGI Life is focused on providing innovative products and comprehensive protection solutions.
Securing the ﬁnancial future today for a better tomorrow.
To deliver innovative life and health insurance and investment solutions through groundbreaking innovation and exemplary customer service, leveraging di erent distribution channels.
Vitality, the world’s first shared-value insurance
In 1997, leading South African insurance company Discovery launched Vitality, the world’s first shared-value insurance, a business model that rewards people for adopting a healthy lifestyle. By combining smart technology, data incentives and behavioral science, Vitality brings a global perspective through successful partnerships with the smartest insurers and most forward-thinking employers around the world. More than 20 million people in 28 countries are engageD with the Vitality program. For more information, please visitwww.vitalitygroup.com.
vitality around the world
Overall impact of Vitality:
• 34% increase in physical activity among clients
• Over 6 million exercise goals rewarded each month
• Over 2 billion recorded activities
• Over 200,000 new members worldwide each month
Collaboration between IGI Life and Vitality Group
For the first time ever, IGI Life and IGI Life Window Takaful Operations, part of the Packages Group, have collaborated with Vitality Group to enhance and protect lives in Pakistan with positively different insurance/takaful plans. IGI Life Vitality aims to help people get the most out of their health and wealth and incentivizes them through weekly, monthly and yearly rewards.
IGI Life Vitality Plan
IGI Life Vitality Plan is an investment plan linked to the Vitality program.
Based on the shared-value insurance model, this plan encourages its members to lead healthier lives and o ers rewards for doing so.
The plan includes two essential aspects:
• Vitality: focuses on wellness by providing its members with an understanding of their current health status and inspires them to improve their health.
• Takaful Insurance/Coverage: is aimed at its members; need for ﬁnancial security and offers investment opportunities.
This is an excerpt from the original content. To continue reading it, go to the original document here.