In 1998, Mr. Shiraz Maherali, Chairman of MIC approached Willis for an IPMI plan. They in turn introduced him to Goodhealth. Mr. Maherali and Goodhealth formulated a bespoke plan for members residing in Africa. These insurance plans were specifically created to cater people living in Africa and included evacuation to a country of their choice.
This concept was the “brainchild” of Mr. Shiraz Maherali and his son Mr. Aly S Maherali, who spent a year researching the market and came up with the plan initially offered by MIC (Overseas) Limited.