Pasargad insurance company

Pasargad Insurance Company
Company typePublic company
TSE: BIPZ1
ISIN: IRO3BIPZ0001
IndustryInsurance
Founded2007
FounderBank Pasargad
Headquarters
Tehran
,
Iran
Productslife and non-life insurance services
Websitepasargadinsurance.ir

The Pasargad Insurance Company (Persian: شرکت بیمه پاسارگاد) is an Iranian insurance company established by the Pasargad Financial Group to provide life and non-life insurance services. It has been operating since 2008 and has the most number of agencies in Iran. It has some of Iran's best-selling life insurance policies.[1][2][3]

History

The company was registered by Pasargad Bank in the Register of Companies and Non-Commercial Institutions in Tehran on February 7, 2007. It was registered under number 290070, with a capital of 450 billion Iranian rials, of which 50% was paid. On February 18, 2007, it obtained a license from the Central Insurance of the Islamic Republic of Iran to operate in all areas of insurance under number 34605. On February 20, 2007, it began trading by issuing its first insurance policy.[4]

Shareholders

Pasargad Insurance, trading under the symbol "BIPZ1", is listed on the Tehran Stock Exchange. The company has 15 principal shareholders: Pasargad Bank Company, Pars Hafez Development Management Company, Nezam Avaran Shayesteh Company, Nik Andishan Soroush Fajr Company, Nasim Tejarat Farda Company, West Iranian Trade and Development Company, Armaghan Tejarat Paydar Company, Mehr Afarinan Vandad Trade and Development Company, Nezam Avaran Pouya Iranian Company, Danesh Gostaran Ati Saz Pouya Company, Mosalla Nejad Cultural Foundation Institute, Andisheh Sazan Besaman Vandad Company, other legal shareholders (81 companies) and individual shareholders (19,556 individuals).[5][6]

Statistics

The company has 2,200 active agents and 8,400 life insurance sales representatives in 87 branches throughout Iran with more than 15 regional departments.[7]

See also

Notes

  1. ^ "معرفی شرکت". pasargadinsurance.ir (in Persian). Retrieved July 20, 2024.
  2. ^ "خرید انواع بیمه پاسارگاد از bimebazar". Resalat (in Persian). Retrieved July 20, 2024.
  3. ^ "Regulator Updates Risk Retention Limits of Insurers". Financial Tribune. April 10, 2023. Retrieved July 20, 2024.
  4. ^ "معرفی شرکت". pasargadinsurance.ir (in Persian). Retrieved July 20, 2024.
  5. ^ "ترکیب سهامداران". pasargadinsurance.ir (in Persian). Retrieved July 20, 2024.
  6. ^ "S*Pasargad Insur. ( BIPZ1 )". en.tsetmc.com. Retrieved July 20, 2024.
  7. ^ "معرفی شرکت". pasargadinsurance.ir (in Persian). Retrieved July 20, 2024.