January 21, 2017 5:02 PM ET

Insurance

Company Overview of TPL Life Insurance Limited

Company Overview

AsiaCare Health & Life Insurance Company Limited provides health and life insurance products and services. It offers insurance plans for diseases, catastrophic illness, hospitalization, maternity, cancer care, medical disability, and mental illness. The company was incorporated in 2008 and is based in Karachi, Pakistan. As of July 11, 2016, TPL Life Insurance Limited operates as a subsidiary of TPL Trakker Limited.

15-C, 17-C

2nd Floor Commercial Lane No. 5

Zamzama DHA Phase V

Karachi,  75500

Pakistan

Founded in 2008

Phone:

92 21 3530 2066

Fax:

92 21 3530 2076

Key Executives for TPL Life Insurance Limited

Managing Director, Chief Executive Officer, and Director
Compensation as of Fiscal Year 2016.

TPL Life Insurance Limited Key Developments

TPL Trakker Intends To Acquire Asia Care

TPL Trakker Limited (KASE:TPL) as intended to acquire 100% paid up capital of AsiaCare Health & Life Insurance Company Limited to enhance its business of insurance at micro level. According to official notification issued to stock, TPL Trakker said that it initiated an exercise of due diligence process to evaluate and access the viability of potential acquisition of up to 100% paid up capital of Asia Care. In this regard, TPL Trakker is in the process of hiring consultancy and advisory firms for due diligence and regularity settlement whereas the transaction would be finalised after approval of board of directors and approval of regulatory bodies.

Similar Private Companies By Industry

Company Name Region
Alfalah Insurance Company Limited Middle East/Africa
Beema Pakistan Company Ltd. Middle East/Africa
Business & Industrial Insurance Co. Ltd. Middle East/Africa
Dadabhoy Insurance Co. Ltd. Middle East/Africa
Excel Insurance Company Limited Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 27, 2016
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