AUTO COVER

An automobile insurance plan from IGI Insurance Limited

SAMIA KHURSHID
Mar 19 - 25, 2007

If you own a car, auto insurance is not just an option- it is a serious responsibility. And you would not want it any other way. If you are involved in an accident or have your car stolen, owning the right kind of auto insurance can help to ease a difficult situation. When you really need it, you will be glad you took the time to purchase good car insurance.

When it comes to auto insurance, you want to be adequately covered if you get in an accident but you do not want to pay any more than you have to. IGI Insurance's Auto Cover can be the right solution for car insurance shoppers. With Auto Cover, customers do not only get a comprehensive insurance coverage for their vehicles but they also get peace of mind and a sense of security.

AUTO COVER

IGI Insurance Limited (formerly known as International General Insurance), one of the pioneers of selling auto insurance, is now offering a revitalized auto insurance policy with the name Auto Cover.

Auto Cover is a comprehensive auto insurance policy covering motoring risks such as liabilities against third parties, road accidents and theft. This policy also guarantees settlement of snatching, theft and total loss claims within 15 days. Through Auto Cover's value added services customers can avail free personal accident cover and free emergency roadside assistance, including 24-hour towing facility in case of breakdown, dead battery jump start and emergency roadside repairs.

Auto Cover offers superior policy features along with 24/7 customer service at a competitive price. Customers can purchase insurance, service their policy or report a claim any time they want. IGI Insurance and its representatives answer your questions and handle your claims fairly, efficiently and quickly.

Taking the following proactive steps can help you and your insurance representative handle your claims efficiently:

IN CASE OF AN ACCIDENT

If you are involved in an auto accident, take the following steps:

*Do not leave the scene.

*Call for medical assistance if there are injuries. Provide basic first aid.

*Call a law enforcement officer if needed. Get the officer's name and police station address. Ask when the accident report will be filed, its case number and how to get a copy.

*Take careful note of the following:

o Date and time of the accident.
o Street and city.
o Weather and road conditions.
o Direction and speed you and other drivers were going.
o Brief description of how the accident occurred.
o Record the license plate, driver's license and insurance information numbers of each driver involved.

FILING YOUR CLAIM

*Contact your insurance agent or a local company representative as soon as possible.

*Ask your agent how to proceed and what forms or documents will be needed to support your claim.

*Keep records of your expenses because any you incur as a result of an automobile accident may be reimbursed under your policy.

*Keep copies of your paper work.

IGI INSURANCE LIMITED:

IGI Insurance Limited (formerly known as International General Insurance), headquartered in Karachi, is one of the country's largest insurance companies, with branches in Lahore, Islamabad, Faisalabad, Multan and Sialkot. In business since 1953, the company underwrites all types of property and casualty insurance including travel, fire, marine, motor and miscellaneous.

IGI Insurance has been rated as the best insurance company in the Pakistan Insurance Sector by PACRA in 2006. The Company has re-insurance agreements with the most prestigious and world-renowned re-insurers such as Swiss Re and Sumitomo Re. More information about the Company can be found at www.igiinsurance.com.pk.

MAJOR TECHNICAL COLLABORATIONS IN VENDOR INDUSTRY

 VENDOR IN PAK

COLLABORATION WITH

COMPONENTS

FOR

INVESTMENT ($MILLION)

Honda Atlas Services

Showa

Japan

Shock absorbers

Honda Car

N/A

Allwin Engineering

UE Radiators

Philippines

Radiators

"      "

1.20

Sanpak

Sandem

Japan

Car Air conditioners

"      "

N/A

Loads

Toyo Radiator

Japan

Radiators

Indus Car

0.50

Automate Industries

Panasonic

Thailand

Radio Cassette Players

"      "

N/A

Techno Pak

Koto

Japan

Lamps

"      "

N/A

Thal Engineering

Denso

Japan

Car Air conditioners

Indus & Suzuki Car

N/A

Thal Engineering

Furukawa

Japan

Wire Harness

Indus Car

N/A

Agri Autos Industries

Kayaba

Japan

Shock absorbers

Indus & Suzuki Car

N/A

NGS Pakistam *

NGS

Japan

Glass

Indus & Suzuki Car

3.0

Shaigan Electric & Engineering

NGK

Japan

Spark Plugs

Pak Suzuki Car

N/A

Polymer & Precision

I.S. Seiseki

Japan

Steering gears

"      "

N/A

Alsons Autos

Nissin Kogyo

Japan

Brake Drum Assembly

"      "

N/A

Noor Engineering

Hamana Parts Mfg.

Japan

Propeller shaft & Gear Shift Lever

"      "

0.50

Honda Car

N/A

 

Filters

Honda Car

N/A

General Locks

Honda Lock Co.

Japan

Locks

Honda & Suzuki Cars

0.30

Procon Engineering

 

 

Seats

Indus Car

N/A

 * Agreement reached but implementation delayed due to problems. N/A = Not Available - will be updated, as soon as related information is available. SOURCES: Pakistan Association Of Automotive Parts and Accessories Manufacturers

 


SALE OF VEHICLE FROM 2000-07 ONWARD

CAR
1300-1600cc (2000cc Diesel)

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07
UptoFeb.'07

Honda (Civic) 

4,873

4,625

4,637

6,097

12,352

11,998

4,330

Honda (City) 

~

3,382

3,749

7,271

11,714

16,136

7,305

Suzuki (Baleno)

1,484

1,188

2,588

4,062

5,879

3,173

0

Suzuki (Liana)

~

~

~

~

~

4,571

4,105

Toyota (Corolla)

8,116

6,151

12,867

20,321

23,002

30,527

22,683

Nissan (Sunny)

310

113

69

25

1

0

0

Kia (Classic NGV)

~

~

687

81

546

0

0

Kia (Spectra)

1,375

2,287

434

127

7

0

0

1000cc

             

Suzuki (Khyber/ Cultus)

6,027

5,637

7,927

10,795

15,611

21,390

16,387

Suzuki (Alto)

4,187

3,072

4,701

7,148

11,431

16,823

13,415

Hyundai (Santro Plus)

3,454

2,245

3,135

6,922

7,009

7,031

2,380

800cc

             

Daihatsu (Cuore)

3,052

3,174

4,579

6,339

8,592

7,883

8,106

Suzuki (Mehran)

5,169

9,964

16,582

27,432

31,165

35,982

22,953

Suzuki (Margalla)

~

~

~

~

~

~

~

TOTAL CARS:

38,047

41,838

61,955

96,620

127,309

155,514

101,664

TRUCK

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

Hino

309

626

758

948

1,262

1,449

1,296

Nissan

198

204

614

845

1,326

1,478

590

Dong Feng

351

378

511

75

27

16

2

Master

~

~

~

~

565

464

243

Isuzu

~

~

~

~

165

866

620

Volvo

67

0

0

0

0

0

69

Transmobile (Yasoob)

~

~

~

~

~

~

~

TOTAL TRUCKS:

925

1,208

1,883

1,868

3,345

4,273

2,820

BUS

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

Hino

455

560

795

1,187

1,293

649

484

Nissan

102

36

36

107

93

79

30

Dong Feng

827

469

501

69

131

47

16

Master

~

~

~

~

23

10

2

Isuzu

~

~

~

~

65

142

30

TOTAL BUSES:

1,384

1,065

1,332

1,363

1,605

927

562

LCV 

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

(4X4)

           

UptoFeb.'07

Suzuki Jeep (Potohar)

432

506

465

807

1,107

1,298

1,244

Sigma (Defender)

~

~

~

~

407

1,222

900

VAN

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

Suzuki (Bolan)

2,263

2,540

4,360

5,228

7,241

10,451

8,769

PICK-UP

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

Suzuki (Ravi)

854

1,472

1,710

2,087

3,286

5,416

5,921

Toyota (Hilux)

1,360

1,741

2,861

2,399

3,389

2,551

35

Dong Feng

~

~

~

209

86

33

10

Hyundai (Shehzore)

2,827

2,774

2,987

4,203

8,012

9,234

4,814

Master

~

~

~

~

1,528

1,717

816

TOTAL LCVs:

7,736

9,033

12,383

14,933

25,056

31,922

22,509

(2000cc 4WD)

             

Kia (Sportage)

~

503

814

698

425

0

0

TOTAL SUV:

~

503

814

698

425

0

0

 

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

FARM TRACTOR

           

UptoFeb.'07

Fiat (New Holland)

15,876

9,371

12,617

16,888

21,163

24,649

17,692

Millat (Massey 

15,245

14,630

14,215

19,012

22,415

24,153

16,346

TOTAL FARM TRACTORS:

31,121

24,001

26,832

35,900

43,578

48,802

34,038

MOTORCYCLE

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

Honda

78,062

90,027

117,201

190,424

287,172

360,110

216,560

Yamaha

23,222

22,024

27,886

50,435

71,498

74,293

36,441

Suzuki

7,365

8,062

13,788

27,435

26,002

17,183

16,746

Sohrab

~

~

2,403

12,494

12,127

13,943

4,892

Sohrab (Triwheeler)

~

~

585

3,013

3,186

2,218

1,705

Qingqi (Triwheeler)

~

~

10,010

17,855

17,081

15,757

7,678

Fateh Hero

~

~

~

~

~

33,136

17,804

TOTAL MOTOR- CYCLES:

108,649

120,113

171,873

301,656

417,066

516,640

301,826

Note: The figures do not include the sale of companies who are not members of the Association. SOURCES: Pakistan Automotive Manufacturers Association

 


PRODUCTION OF VEHICLE FROM 2000-07 ONWARD

CAR
1300-1600cc (2000cc Diesel)

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07
UptoFeb.'07

Honda (Civic) 

5,824

4,615

4,610

5,998

12,359

12,274

3,632

Honda (City) 

~

3,386

3,786

7,417

11,771

17,606

6,592

Suzuki (Baleno)

1,251

1,240

2,608

4,153

5,965

2,939

0

Suzuki (Liana)

~

~

~

~

~

5,370

5,189

Toyota (Corolla)

8,486

5,763

12,861

20,525

23,007

31,094

22,179

Nissan (Sunny)

319

81

51

26

0

0

0

Kia (Classic NGV)

~

~

459

188

465

0

0

Kia (Spectra)

1,784

2,091

384

73

1

0

0

1000cc

Suzuki (Khyber/ Cultus)

6,290

5,441

8,097

10,810

15,591

21,342

17,414

Suzuki (Alto)

4,489

2,816

4,775

7,196

11,411

17,513

13,541

Hyundai (Santro Plus)

3,937

1,667

3,114

7,902

6,101

8,604

830

800cc

Daihatsu (Cuore)

3,304

2,845

4,580

6,468

8,525

7,883

8,126

Suzuki (Mehran)

3,889

10,143

16,748

27,705

31,207

35,433

23,277

Suzuki (Margalla)

~

~

~

~

~

~

~

TOTAL CARS:

39,573

40,088

62,073

98,461

126,403

160,058

100,780

TRUCK

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

Hino

294

618

792

1,020

1,196

1,499

1,481

Nissan

198

206

627

898

1,306

1,652

468

Dong Feng

420

310

510

104

23

4

3

Master

~

~

~

~

551

466

285

Isuzu

N.A.

N.A.

N.A.

N.A.

128

897

623

Volvo

0

0

0

0

0

0

0

Transmobile (Yasoob)

~

~

~

~

~

~

~

TOTAL TRUCKS:

912

1,134

1,929

2,022

3,204

4,518

2,860

BUS

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

Hino

444

630

756

1,195

1,392

668

438

Nissan

102

36

60

96

120

48

23

Dong Feng

780

420

480

89

110

40

8

Master

~

~

~

~

21

6

2

Isuzu

N.A.

N.A.

N.A.

N.A.

119

63

96

TOTAL BUSES:

1,326

1,086

1,296

1,380

1,762

825

567

LCV (4X4)

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07
UptoFeb.'07

Suzuki Jeep (Potohar)

459

564

374

807

1,120

1,290

1,269

Sigma (Defender)

~

~

~

~

444

1,182

927

VAN

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

Suzuki (Bolan)

1,983

2,591

4,359

5,201

7,319

10,429

8,860

PICK-UP

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

Suzuki (Ravi)

778

1,482

1,701

2,085

3,310

5,418

5,989

Toyota (Hilux)

1,411

1,697

3,045

2,229

3,394

2,575

0

Dong Feng

~

~

~

304

21

24

4

Hyundai (Shehzore)

2,793

2,721

3,069

4,270

8,022

9,368

4,601

Master

~

~

~

~

1,547

1,767

842

TOTAL LCVs:

7,424

9,055

12,548

14,896

25,177

32,053

22,492

(2000cc 4WD)

Kia (Sportage)

~

513

820

802

414

0

0

TOTAL SUV:

~

513

820

802

414

0

0

 

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07
UptoFeb.'07

FARM TRACTOR

Fiat (New Holland)

16,265

9,138

12,114

16,637

20,840

24,574

17,680

Millat (Massey 

15,370

14,663

14,126

19,133

22,360

24,313

16,802

TOTAL FARM

31,635

23,801

26,240

35,770

43,200

48,887

34,482

MOTORCYCLE

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

Honda

78,397

90,111

115,924

190,679

287,271

360,561

217,295

Yamaha

22,999

22,444

27,427

50,407

71,560

74,423

36,143

Suzuki

7,454

8,072

13,610

27,863

26,234

16,954

17,152

Sohrab

~

~

6,801

12,396

12,065

14,804

4,332

Sohrab (Triwheeler)

~

~

1,343

3,031

3,258

2,166

1,721

Qingqi (Triwheeler)

~

~

10,064

19,007

15,801

17,198

7,399

Fateh Hero

~

~

~

~

~

34,018

17,830

TOTAL MOTOR-

108,850

120,627

175,169

303,383

416,189

520,124

301,872

Note: The figures do not include the production of companies who are not members of the Association. SOURCES: Pakistan Automotive Manufacturers Association