PACRA Awards Asia Insurance Pakistan ‘A+’ Rating

PACRA Awards Asia Insurance Pakistan ‘A+’ Rating

Asia Insurance Company is proud to announce that its credit rating has been upgraded to A+ by The Pakistan Credit Rating Agency Limited (PACRA). The improvement in rating comes on the back of sustained growth and improvement in metrics across underwriting, claims management and investment.

We would like to take this opportunity to thank our clients for their continued trust in us, for the various partners with whom we have formed mutually beneficial relationships, and the employees of Asia Insurance spread throughout the country, who work tirelessly with a focus on excellence in quality of service.

Over the past 2 years especially, Asia has shown growth in conventional lines of business – fire, marine and motor – while also developing new distribution channels for alternative products such as crop, livestock and personal accident coverage. The company is a pioneer in introducing Weather Index Insurance to Pakistan, launching projects that will protect its customers against adverse weather effects without waiting for disaster notifications from the Government.

Asia Insurance is one of the only insurance companies in Pakistan to have attracted foreign investment to the country. The German development bank KFW invested Rs350 million for 25.4% shareholding in Asia Insurance Company Ltd. in 2018.

Tips: Motor vehicle maintenance

Tips: Motor vehicle maintenance

Motor vehicles are getting more advanced, high-tech, and expensive with  each passing day. Investing in a luxury car brings up numerous risks and doubts in the mind of a buyer. Like any other valuable, a car too requires maintenance and checking it regularly helps increase the engine life. A healthy engine and a well-kept car can help keep you and your family

Remember, a well-maintained old car can outlive a newer car that’s been neglected by its owner. However, most people fail to understand that and tend to wait till there’s a major fault so they can take it to the mechanic. This might be because they are afraid of the expenses.  

Car insurance is a rather good way to keep you from giving off extra money for maintenance every few months or in case of an accident.

Here are some car maintenance tips every car owner should follow:

Examine the battery every few weeks

The battery plays a vital role in an automobile, make sure you check it regularly. Extreme temperatures can impact the battery. Check the fluids so it doesn’t get overheated. It is also very important that corrosion stays far away from your vehicle’s batteries.

Check tyre pressure

Tyre pressure is another crucial aspect when it comes to checking up on your vehicle as these are the mighty things that carry you around. Check that they have the right pressure as mentioned in the manual.

Change air filter regularly

An air filter helps circulate air in your engine, improving its performance. Further, an air filter can greatly affect your fuel consumption when it’s clogged. Experts recommend replacing the filter each time the vehicle crosses 12000 miles. It primarily depends on how much you ride.

Brakes should be on-point

If your car brakes are giving off some really weird noises like grinding, squealing, or a long sharp noise then it’s high time that you take a closer look at your brakes or consult your car insurance or mechanic. Rattling or intermittent sounds are something that calls for  immediate attention.

Overall fluid check

Your basic car maintenance routine should include checking up on oils as many machines are working within the vehicle that generates a lot of friction and oils balance out everything. Also, motor oil isn’t the only fluid that needs your attention. There are a few more like car brake fluid, some transmission fluids, coolant, and windshield washer fluids that need to be looked after.

Sustaining safety on the road and preventing high-cost economic difficulties after an accident requires the right motor vehicle insurance policy so you don’t have to always worry when bringing your vehicle on the road.

When to buy insurance

When to buy insurance

Insurance is  all about handling risks that might vary depending on your situation, and if you trust us;  purchasing an  insurance plan early is more cost-effective in the long run than spending your hard-earned funds to compensate for asset loss particularly if it is a significant cost.

Purchasing insurance at the right time will help you to stay protected from unexpected expenses. In this article, we have discussed what may be the best time to buy insurance. Keep scrolling to find out.

 When your lifestyle and priorities are changing

Roles and responsibilities keep changing throughout one’s life – your financial responsibilities are completely different when you’re studying, as opposed to once you’re married. They’ll probably evolve again when you get closer to retirement and your kids have grown up.

Your economic situation and insurance requirements may vary as your lifestyle evolves. You may decide to purchase a new apartment or cars, set up a business, relocate to a different neighborhood, purchase equipment, or take out a loan.

You could insure against a concern to yourself or your possessions if the economic penalty or loss will be large. You could insure against a concern to yourself or your possessions if the economic penalty will be large. Asia Insurance offers a variety of comprehensive policies which are easy on the pocket and can be customized according to your needs and budget. Whether you want to get your car insured or buy health insurance for your family, we’ve got you covered.

Before a specific event

Some forms of insurance, like health or travel cover, maybe more beneficial if purchased long in advance. For instance, if you buy health insurance at the time of your wedding, along with maternity cover, you will save yourself thousands of rupees in case of a medical emergency or pregnancy because you bought a policy for as low as Rs1,100, and Rs2,350 respectively.

If you do have specific needs or want to talk with a professional, our insurance agents are experts and can help you better understand the various products available.

 If you’re purchasing some new

The best time to buy insurance is as soon as you purchase a property or asset including, a car or a house. This will not only reduce the risk of financial losses, but will also help you transfer the risk factor to your insurance company.

Before taking your new car out for a ride, you may buy comprehensive car insurance or motor vehicle accident injury insurance to save yourself from a big dent in your pocket.

Conclusion

Before getting any insurance, be sure to evaluate the cost and the amount of coverage. The inexpensive insurance plan might not be the best coverage for your requirements, so be sure to check both. Take the opportunity to obtain at least 3 quotations. While comparing plans, keep in mind how different costs, kinds, and degrees of insurance including your excesses are determined.

Do you need professional assistance in selecting the right insurance? Get in touch with us today to get the help of highly experienced health insurance experts at Asia Insurance and make the best choice for yourself.

Quiz: How well do you know your road signs?

Quiz: How well do you know your road signs?

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