Karachi, Askari Life Assurance Company Limited informed Pakistan Stock Exchange about transaction of shares of the company. 912,756 shares @ Rs. 6.50 per share were sold in the market on January 18, 2020 through CDC.
Askari Life Assurance Company Limited, formerly East West Life Assurance Company Limited, is a Pakistan-based company, which is engaged in life and health insurance business. The Company extends individual life insurance, and group or corporate life, accidental and health insurance to companies across Pakistan. Its segments are ordinary life, universal life, and accident and health. Its ordinary life segment provides life assurance coverage to individuals under conventional policies issued by the Company, and members of business enterprises, and corporate entities under life insurance schemes issued by the Company. Its universal life segment provides life assurance coverage to individuals under universal life policies issued by the Company. Its accident and health segment provides health coverage to individuals members of enterprises, corporate entities and common interest groups under health insurance schemes. Its products include individual life and accident insurance plans.