::: RELIANCE INSURANCE COMPANY :::

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Reliance Insurance Company Limited, was incorporated in Pakistan in the year 1981 with a share capital of Rs. 5.0 Million by two leading industrial houses of Pakistan, namely Al-Noor Group and Amin Bawany Group. Al-Noor Group is headed by renowned industrialist Mr. Ismail H. Zakaria, who is also the chairman of Reliance Insurance, while Amin Bawany Group is headed by Mr. Mohammad Amin Ahmed Bawany, who is also the Director of Reliance Insurance. Both the groups having successfully implemented a number of projects, are currently leading industrial groups of Pakistan.

The Present Authorised Capital of the Company is Rs.500 Million while paid-up capital has increased to Rs. 252.002 Million.

Reliance is one of the leading General Insurance Company of Pakistan having a network of 27 branches at all important places throughout Pakistan employing a full time work force of 242 persons. It underwrites all classes of General Insurance and enjoys reputation second to none. Apart from the traditional covers such as Fire, Accident, Motor, Marine (Import and Exports), Loss of Profits, Personal Accident, Group Hospitalization, Workmen's Compensation, Burglary, Cash-in-Safe or in Transit etc., it also transacts non-traditional covers such as Machinery Breakdown and Loss of profits following Machinery Breakdown, Contractors All Risks, Erection All Risks, Bond and the like.

Since its establishment, Reliance has progressed smoothly and steadily. Its Gross Premium income has increased from Rs. One Million in 1983 to Rs. 506.336 Million in 2009. At the end of 2009 General Reserve stood at Rs. 87.50 Million and Technical Reserves at Rs. 493.359 Million.

JCS-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the Insurer Financial Strength (IFS) rating of Reliance Insurance Company Limited (RICL) at 'A-' (Single A Minus). Outlook on the rating is 'Stable'. The company's lead re-insurance is Mitsui Sumitomo Re-enjoying 45 percent share in treaty terms.

Reliance Insurance Company has the following Vision & Mission goals and is continuously striving for excellence.

VISION : To be recognized as a professional and dependable business entity committed to play a meaningful role in the development of insurance industry in Pakistan and to safeguard the legitimate interests of all stakeholders, namely, policy-holders, shareholders, re-insurers, employees and all other business associates/partners.

MISSION : To provide quality service and protection to its Clients aiming at achieving a respectable volume of business and become a prominent player through good governance and sound professionalism focusing to become a well-known and respected Corporate entity in the eye of Society and Government.

Board Of Directors :