Habib Insurance was established in 1942 in Bombay, India with a paid-up share capital of Rs.2.5 million. After independence, Habib Insurance Company moved to Pakistan and then became a more prominent name in the insurance industry. In 1972, the group had to face a major debacle; the Government of Pakistan nationalized the life insurance business of Habib Insurance. Later in 1974, the renowned Habib Bank was also nationalized.
Habib Insurance was established in 1942 in Bombay, India with a paid-up share capital of Rs.2.5 million. After independence, Habib Insurance Company moved to Pakistan and then became a more prominent name in the insurance industry. In 1972, the group had to face a major debacle; the Government of Pakistan nationalized the life insurance business of Habib Insurance. Later in 1974, the renowned Habib Bank was also nationalized.
Company Information
- Industry
- Insurance
- Company Type
- Privately Held
- Founded
- 1942
- Employee Range
- 51-200
- Revenue Range
- Not available
Location
- Address
- 1st Floor, State Life Building No. 6, Habib Square, M.A. Jinnah Road, Karachi, Pakistan, karachi, Sindh 74000, PK Sindh KARACHI
- City
- Region
- Postal Code
- 74000
- Country
- Pakistan