The directors and employees at all levels of “The United Insurance Company of Pakistan Limited” hereinafter called UICL shall adopt this code of conduct.
Relationship with Employees
The entity is an equal opportunity employer. Its employee recruitment and promotional policies are free of any gender bias, and is merit, and excellence oriented. It believes in providing its employees safe and healthy working conditions, and maintaining good channels of communications. The UICL expects its employees to abide by certain personal ethics, whereby UICL information and assets are not used for any personal advantage or gain. Any conflict of interests should be avoided, where it exists it should be disclosed, and guidance sought.
Relationship with the Company
The UICL’s policy is to conduct business with honesty and integrity and be ethical in all its dealings, showing respect for the interest of those with whom it has relationship. The advancement in the business procedures and practices and upgrading of electronic technology shall be adopted for the well-being of the company. The UICL does not support any political party nor contributes to the funds of groups whose activities promote party interests.
Relationship with the Clients
The UICL believes in fair competition, and supports appropriate competition laws. The UICL is committed to provide services, which consistently offer value in terms of price and quality and satisfy customer needs and expectations.
Relationship with the Socio-Economic Environment
The UICL is committed to run its business in an environment that is sound and sustainable. As a good corporate citizen, the UICL recognizes its social responsibilities, and will endeavor to contribute to community activities, for betterment of society as a whole.
Relationship with Members
We are fully supported by our members to serve in the best interest of the company by achieving consistent growth and reputation of the company.
Compliance of Applicable Laws and Regulations
The UIC complies with all laws and regulations. All employees are expected to familiarize themselves with laws and regulations governing their individual areas of responsibility, and not to transgress them. If in doubt, employees are expected to seek advice. The UICL believes in and fully adheres to the principles of reliability and credibility in its financial reporting and in transparency of business transactions. The rules and regulations formulated and practiced shall not supersede any Government or legislative body laws and regulations applicable to the company.
The Board ensures that the above principles of Code of conduct are complied with, for which the Board has constituted the audit committee, to be supportive of compliance.