On January 21 2013, the SPA had been signed on the sale of ALICO's majority shareholding in its subsidiary in Pakistan, American Life Insurance Company
(Pakistan) (ALICO Pakistan), to IGI.
Together with Standard Chartered Bank, we remain committed to meet the consumers' needs and provide them with a wide range of insurance and savings solutions, catering and responding to the changing marketplace conditions and the varied customers' needs,' added Mario Valdes, general manager, American Life Insurance Company
Our company underwrites risks from $50,000 to $250,000, from ages 18 to 60 at standard rates, using a totally electronic system," said Tom McWilliams, chief underwriting officer at American Life Insurance Company
of New York.