Metlife Alico

ALICO first started its operation in Pakistan in1952 and continued until 1972, when the life insurance industry was nationalised. By that time, the ALICO had issued 72,000 policies and had invested more than USD 36 million in the country’s economy. After denationalisation, ALICO became the first foreign life insurer that had been granted a license in 1994 to operate in Pakistan. It commenced the operations on May 25, 1995 with a paid up capital of PKR 130 million. Today it is the largest capitalized private sector multinational life insurance company in Pakistan with a paid-up capital of PKR 500 million. ALICO Pakistan is a listed company jointly owned by its American parent and the Pakistani public. Along with commitment, it brings to Pakistan extensive international experience and modern technology to conduct the insurance business in a sophisticated and professional manner.