The Universal Insurance Company Limited – a part of Bibojee Group of Companies was established by an eminent industrialist the late Lt. Gen. (Retd) M. Habibullah Khan Khattak. This Company incorporated in May 1958 and entered into insurance market in 1960. The Company is fully protected from renowned reinsurer M/s. Pakistan Reinsurance Company Limited. The authorized capital of the Company is Rs. 750 million and paid-up capital of the Company is Rs. 500 million. Currently Dr. Shahin Kuli Khan Khattak is Chief Executive Officer of the Company. She has been member of Board of directors of Bibojee Group of Companies from 1999 to date. The Board of The Universal Insurance Company consists of following directors: –

Bibojee Group comprises of followings companies: –

Based on our vast standing experience The Universal Insurance Company is able to underwrite risks of heavy magnitude. Furthermore, Company’s policy to provide prompt service coupled with excellent claim settling record of about four decades “Universal” has been chosen by large industrial units for providing them efficient technical insurance services.
This clientage includes Textile/Spinning Mills, Flour Mills, Sports and Surgical Manufacturers, Garment Factories, Sugar Mills, Ghee Industries, Automobile and various other industrial projects.
We are on approved panel of Banks/Financial Institutions/Leasing Companies and Modarabas etc. with reasonable bank limits, which enable us to underwrite risks of significant magnitude. The Credit rating assigned by PACRA on 26th July, 2024 is A (stable).