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Motor Insurance Discount Arrangements with Habib Insurance Company Ltd

Motor Insurance Discount Arrangements with Habib Insurance Company Ltd

We are pleased to inform that Habib Insurance Company Limited has offered exclusive discount on its Motor Insurance Policies to Members, Affiliates and Employees of ICAP.

Standard Package for Members, Affiliates and Employees of ICAP:

  1. Net Premium Rate @ 1.50% (Standard Rate)
  2. Nil Excess /Deductible (no any deductions other than applicable depreciation)
  3. No requirement of pre-inspection if delivery is taken from the showroom
  4. Depreciation as per standard scale to apply

Following additional /optional services can also be obtained;

  1. Tracker (optional):

Tracker facility from Falcon I &iTecknologies @ Rs. 6,500/-

  1. 50% Reduced Depreciation (optional):

Following scale for ICAP users at Extra Premium of 0.20% to be charged in addition to standard rate of 1.50%.

S# Depreciation Scale Standard ICAP Plan
1 Vehicles of latest model but not older than 6 months 05% 2.50%
2 Vehicles of older model but 6 months but not exceeding 12 months 10% 5%
3 Vehicles of older model but 12 months but not exceeding 24 months 20% 10%
4 Vehicles of older model but 24 months but not exceeding 36 months 30% 15%
5 Vehicles of older model but 36 months but not exceeding 48 months 40% 20%
6 Vehicles of older model but 48 months but not exceeding 60 months 50% 25%
7 Vehicles of older model but 60 months but not exceeding 66 months 55% 27.50%
8 Vehicles of older model but 66 months but not exceeding 72 months 60% 30%
  1. Car for Car Facility (optional):
  2. Valid for year 1 i.e. current model & insurance year
  3. Extra premium @0.20% to be charged in addition to standard rate 1.50%.
  4. Only applicable on CKD (Completely Knocked Down units which are assembled and manufactured in Pakistan) units

          
Note:
Please note that it is entirely the sole discretion of Members, Affiliates and Employees of ICAP to avail this offer or not, based on his/her own need and judgment. ICAP is neither influencing any Member or Affiliate or Employee of ICAP to opt for  Habib Insurance Company Limited’s offer nor has any responsibility whatsoever for the relationship between Habib Insurance Company Limited and Members, Affiliates and Employees of ICAP if they avail the offer.

 

Title View
Habib Insurance Company Limited discount proposal
ICAP Acceptance letter

 

How to Avail the Offer?
You can avail this discount facility by contacting the following;

Rida Fatima, Email: rida.fatima@habibinsurance.net, Cell: 0325-2027069
Asif Khan, Email: asif.khan@habibinsurance.net, Cell: 0300-3047258
Mr. Farrukh Khan, Email: Farrukh.khan@habibinsurance.net, Cell: 0345-8766396

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