Establishment of United Digital Life Insurance Company approved

ISLAMABAD: The United International Group (UIG) has announced that the Board of Directors of the United Insurance Company of Pakistan Limited (UICL) has approved the establishment of United Digital Life Insurance Company, marking a significant step in the Group’s long-term growth strategy.

The proposed company is planning to expand UIG’s presence in Pakistan’s insurance and financial services sector by leveraging digital technologies to deliver accessible, customer-centric life insurance solutions. The initiative reflects the Group’s commitment to innovation, operational excellence, and the evolving needs of consumers in an increasingly digital economy.

Through United Digital Life Insurance Company, UIG aims to strengthen its market position by offering technology-enabled insurance products and services designed to enhance customer experience, improve accessibility, and support greater financial inclusion. The initiative aligns with the Group’s broader strategy to invest in digital transformation and expand its portfolio across the insurance sector.

The establishment of United Digital Life Insurance Company remains subject to the completion of all applicable legal, regulatory, and licensing requirements, including the necessary approvals from the relevant authorities.

Commenting on the development, Mian M A Shahid, Chairman of United International Group (UIG) and Chief Executive Officer of the United Insurance Company of Pakistan Limited, said, “The approval of United Digital Life Insurance Company represents an important milestone in our growth strategy. We believe this initiative will create new opportunities for innovation, strengthen our presence in the insurance and financial services sector, and enable us to deliver modern, technology-driven insurance solutions that are more accessible and responsive to the evolving needs of our customers.”

Copyright Business Recorder, 2026