Karachi, IGI life Insurance Company limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on August 24, 2021.
The agenda of the meeting was discussion of profit and loss account for quarter ended June 30, 2021 which portrayed a loss of Rs. 78,980 with loss per share 0.46 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
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.