InterGlobal Ltd. has entered into a partnership arrangement with Pakistani insurer Alfalah Insurance Company, to offer InterGlobal's UltraCare product line of international private medical insurance (PMI) throughout Pakistan.
The new partnership agreement sees Alfalah taking charge of underwriting and distribution of the UltraCare insurance products in Pakistan, while InterGlobal will handle reinsurance of the product and administration of policies. The policies are targeted at expatriates, individuals and companies.
The UltraCare product comes in four variants: UltraCare Standard, UltraCare Select, UltraCare Comprehensive and UltraCare Plus. These range in coverage options from full in-patient and daycare hospital coverage up to high levels of outpatient coverage, as well as dental and psychiatric cover. All UltraCare plans include coverage of emergency evacuations and repatriations as well as some level of access to 24-hour a day security assistance from international security experts red24.
InterGlobal's General Manager for the Middle East, Francois Keyser says that "Our partnership with Alfalah Insurance Company Limited in Pakistan enables us to extend our range of international private medical insurance to individuals, expatriates and companies across Pakistan. The partnership is key to our expansion in Pakistan. It also confirms our philosophy of working with partners that have the same commitment to service excellence as InterGlobal Ltd. Our customers can be assured that they will have access to the high standards of service and quality they are accustomed to internationally with service being provided locally by Alfalah Insurance Company Limited."
Insurance Companies Mentioned:
InterGlobal is an international health insurance company offering international private medical insurance to expatriates, frequently traveling business people and companies around the world. InterGlobal was founded in the UK in 1998 as a joint venture company between the UK-based Inter Group and New Zealand-based Mike Henry Group. Since their founding, InterGlobal has expanded to the point where it now handles policies for clients in more than 189 countries around the globe, operating from 10 regional offices in the UK, Singapore, Kuwait, China, Dubai, Thailand, Japan, South Africa, Qatar and Vietnam.
Alfalah Insurance Company
The Alfalah Insurance Company started its operations in Pakistan in 2006 as a branch of the Abu Dhabi Group. Since its inception, Alfalah Insurance Company has expanded into the 8 major Pakistani cities of Lahore, Karachi, Islamabad, Peshawar, Faislabad, Sialkot, Gujranwala, and Multan. They have a paid up capital of Rs 230 million (USD 2.7 million).