AICL fundamentals

Adamjee Insurance Co. Ltd. engages in the provision of general insurance. It operates through the following segments: Fire & Property Damage; Marine, Aviation & Transport; Motor; Accident & Health; and Miscellaneous. The Fire & Property Damages segment includes insurance contracts covering damages caused by fire, riot and strike, explosion, earthquake, atmospheric damage, flood, electric fluctuation, and impact. The Marine, Aviation & Transport segment covers insurances for cargo risk and damages occurring during transit between the points of origin and destination. The Motor segment comprises comprehensive vehicle coverage and indemnity against third party loss. The Accident & Health segment compensates hospitalization and outpatient medical coverage to the insured according to terms and conditions of the policy. The Miscellaneous segment encompasses coverage including cover against burglary, loss of cash in safe, cash in transit and cash on counter, fidelity guarantee, personal accident, workmen compensation, travel and crop, mobilization, and performance bond according to the terms and conditions of the policy. The company was founded on September 28, 1960 and is headquartered in Lahore, Pakistan.