Shaheen Insurance Co. Ltd. (SICL) is a flagship enterprise of Shaheen Foundation which is owned by Pakistan Air Force. We have been awarded “A” IFS rating by PACRA authenticating our financial strength and stability. It also denotes a very strong capacity of the company to meet policyholder and contract obligations. The authorized capital of company is Rs 1.00 Billion out of which Rs. 600 Million is fully paid, which is well in excess of the Minimum Capital Requirement of Rs 500 Million prescribed by the SECP for Non Life Insurance Companies.
Shaheen Insurance with its Head Office in Karachi, has an extensive and dynamic branch network in 15 major cities of Pakistan that promises prompt service at the customer’s doorstep.
We offer a wide range of general insurance products including Fire, Motor, Marine, Health, Personal Accident, Home and Miscellaneous Insurance and have excellent reinsurance arrangements with “A” rated foreign reinsurers.
Shaheen Insurance Co. Ltd. has also been authorized by SECP to start the Window Takaful Operations. A wide range of Shariah-compliant Takaful Products are also offered through SICL’s Window Takaful Operations, serving customers from all walks of life, on a much larger scale.
Shaheen Insurance Co. Ltd. has got a team of qualified and experienced professionals. Under the guidance of Air Marshal Muhammad Jamshed Khan (Retd.) – MD Shaheen Foundation (PAF) and Chairman Shaheen Insurance & Board of Directors, SICL is being managed by Sohel N. Kidwai (Chief Executive Officer), Nisar Ahmed Almani (Chief Financial Officer), Zia Mehdi (Head of Operations), Mahmood Ahmed Mirza (Head of Internal Audit) & Naveed Y. Butt (Country Head Business)