IGI Insurance Limited, a part of the IGI Financial Services Group signed an agreement with Pakistan Automobile Manufacturers Authorised Dealers Association (Pamada) with respect to its comprehensive automobile insurance "IGI Auto Cover." The agreement will effectively include, "IGI Auto Cover" in Pamada's exclusive panel of automobile insurance providers for prospective buyers.
In a statement after the signing ceremony Saulat Said, CEO of IGI Insurance said, "We are making major headway in the automobile insurance sector. Our aim is to introduce "IGI Auto Cover" to Pamada so that it becomes the preferred choice for individuals when they consider automobile insurance."
Also present at the ceremony, PM Polad, Chairman of Pamada stated, "I am honoured to have IGI Insurance Limited on our panel of insurance providers. We hope this long-term relationship will prove beneficial not only for both the parties but more so for the population of automobile buyers throughout the country."
An association formed in 2005, Pamada serves the public interest and benefits franchise dealers such as Honda, Toyota, Mitsubishi and Suzuki and independent auto dealers by fostering high standards of business conduct. Its objectives also include presenting information to the public and to governmental agencies that will help auto dealers in our economy. IGI Insurance has earned the 'AA' Insurer Financial Strength (IFS) rating with stable outlook by Pacra that denotes a very strong capacity to meet policy holders and contract obligations.-PR
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