Discover Our History
Established in Pakistan in 1952, we quickly rose to become one of the leaders in the life insurance industry of country. By that time, the MetLife Alico had issued 72,000 policies and had invested more than USD 36 million in the country’s economy. As a result of nationalization in 1972 MetLife Alico and 40 other companies were merged to create a state-owned insurance corporation.
After private life insurers were allowed to re-enter the Pakistan market, MetLife Alico was the first foreign life insurer to commence its operations on May 25, 1995 with a paid up capital of PKR 130 million which later increased to PKR 500 million. MetLife 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.