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Top 10 Insurance Companies in Pakistan
In recent years, the insurance industry in Pakistan has been growing steadily, driven by factors such as increasing awareness of the importance of insurance, a growing middle class, and government initiatives to promote insurance coverage. However, insurance penetration remains relatively low in Pakistan compared to other countries in the region.
The insurance industry in Pakistan is regulated by the Securities and Exchange Commission of Pakistan (SECP), which issues licenses and regulates the operations of insurance companies.
Type of insurance companies in Pakistan
- There are two types of insurance companies in Pakistan: life insurance companies and non-life insurance companies. Life insurance companies provide coverage for events such as death, disability, and retirement, while non-life insurance companies provide coverage for events such as accidents, fire, and theft.
Some of the major insurance companies operating in Pakistan include Jubilee General Insurance, EFU General Insurance, Adamjee Insurance, and State Life Insurance Corporation of Pakistan.
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Top 10 Insurance Companies in Pakistan
Here are some of the top 10 insurance companies in Pakistan:
- Jubilee Insurance
- State Life Insurance Corporation of Pakistan
- EFU Life Assurance Ltd.
- Adamjee Insurance Company Limited
- United Insurance Company of Pakistan Limited
- TPL Insurance Limited
- Askari General Insurance Company Limited
- IGI Insurance Limited
- National Insurance Company Limited
- The New Jubilee Insurance Company Limited
- Jubilee Insurance:Jubilee Insurance is a leading insurance company in Pakistan that offers a wide range of insurance products and services to individuals and businesses. Some of the insurance products offered by Jubilee Insurance include:
- Health Insurance
- Travel Insurance
- Motor Insurance
- Fire Insurance
- Marine Insurance
- Property Insurance
- Personal Accident Insurance
- Home Insurance
- Agriculture Insurance
- Liability Insurance
Jubilee Insurance is known for its innovative insurance solutions and excellent customer service. The company has a strong presence across Pakistan with over 190 branches and a team of experienced professionals who are committed to providing the best insurance solutions to their clients.
Address: Jubilee Insurance House, I.I. Chundrigar Road, Karachi, Pakistan Contact Number: +92-21-32416000 Website: www.jubileelife.com
2.State Life Insurance Corporation of Pakistan:
State Life Insurance Corporation of Pakistan is a state-owned life insurance company in Pakistan, established in 1972. It is the largest life insurance company in Pakistan and has a wide network of offices across the country.
State Life Insurance Corporation of Pakistan offers a range of insurance policies including individual life insurance, group life insurance, pension plans, and child education plans. They also offer various investment-linked products. The company has a strong focus on customer service and has won numerous awards for their services.
Address: State Life Insurance Corporation of Pakistan, State Life Building No. 9, Dr. Ziauddin Ahmed Road, Karachi-75530, Pakistan
Contact Number: 111-111-800
Procedure: The process for purchasing an insurance policy from State Life Insurance Corporation of Pakistan involves filling out an application form, providing relevant documents, and paying the premium. The company also offers online services for policyholders, including premium payment and policy renewal.
3.EFU Life Assurance Ltd.
EFU Life Assurance Ltd. is one of the leading life insurance companies in Pakistan. It was established in 1992 and is part of the EFU Group, which has a history of more than 80 years in the insurance industry. EFU Life offers a range of insurance products and services, including term life, savings and investment plans, group life, and health insurance.
The company has a network of more than 250 branches across Pakistan and a team of over 4,000 employees. EFU Life has won several awards for its products and services, including the Best Life Insurance Company award at the Pakistan Banking Awards.
Address: EFU Life Assurance Ltd., EFU Life House, Plot No. 112, 8th East Street, DHA Phase I, Karachi-75500, Pakistan Contact: 021-111-EFU-111 Procedure:
Offers various insurance products including life insurance, health insurance, and savings plans. Customers can visit their website or contact their customer service for further information and assistance.
4.Adamjee Insurance Company Limited:
Adamjee Insurance offers a comprehensive range of insurance products, including car insurance, health insurance, travel insurance, property insurance, and more. They are committed to providing their customers with reliable and cost-effective insurance solutions.
Address: Adamjee Insurance Company Limited, Adamjee Insurance Building, I.I. Chundrigar Road, Karachi, Pakistan.
Contact number: +92-21-32416211-15
Website address: https://www.adamjeeinsurance.com/
Address: Adamjee Insurance Company Limited, Adamjee Insurance House, 3rd Floor, 5-Jinnah Avenue, Blue Area, Islamabad, Pakistan Contact: 111-242-111 Procedure: Offers a range of insurance products including travel insurance, health insurance, and home insurance. Customers can visit their website or contact their customer service for further information and assistance.
5.United Insurance Company of Pakistan Limited:
Address: United Insurance Company of Pakistan Limited, UIC Building, 6-D, Upper Mall, Lahore-54000, Pakistan Contact: (042) 111-000-014 Procedure: Provides a range of insurance products including fire insurance, marine insurance, and motor insurance. Customers can visit their website or contact their nearest branch office for further information and assistance.
6.TPL Insurance Limited: Address:
TPL Insurance Limited, 12th Floor, Centrepoint, Off Shaheed-e-Millat Expressway, Karachi-74900, Pakistan Contact: 021-111-000-301 Procedure: Offers various insurance products including car insurance, travel insurance, and health insurance. Customers can visit their website or contact their customer service for further information and assistance.
7.Askari General Insurance Company Limited: Address:
Askari General Insurance Company Limited, AWT Plaza, The Mall, P.O. Box 1084, Rawalpindi-46000, Pakistan Contact: (051) 111-000-787 Procedure: Provides a range of insurance products including motor insurance, property insurance, and liability insurance. Customers can visit their website or contact their nearest branch office for further information and assistance.
8.IGI Insurance Limited:
Address: IGI Insurance Limited, 7th Floor, The Forum, G-20, Khayaban-e-Jami, Block-9, Clifton, Karachi-75600, Pakistan Contact: 021-111-234-234 Procedure: Offers various insurance products including motor insurance, health insurance, and travel insurance. Customers can visit their website or contact their customer service for further information and assistance.
9.National Insurance Company Limited:
Address: National Insurance Company Limited, NIC Building, Abbasi Shaheed Road, Karachi-75530, Pakistan Contact: (021) 99203384-5 Procedure: Provides a range of insurance products including fire insurance, marine insurance, and aviation insurance. Customers can visit their website or contact their nearest branch office for further information and
