Blog

Top 10 Insurance Companies in Pakistan in 2024

In this article, we will delve into the top 10 insurance companies in Pakistan, exploring their histories, flagship products, and the insurance schemes tailored to meet the diverse needs of the Pakistani populace.

Insurance plays a crucial role in financial planning, shielding individuals and businesses from the uncertainties and risks posed by unforeseen events. In Pakistan, the insurance sector has witnessed substantial growth and evolution, thanks to the presence of reputable companies offering a wide array of insurance products and services. These companies offer life insurance, general insurance, and Takaful, all designed to safeguard the financial well-being of their clients.

List of Top 10 Insurance Companies in Pakistan in 2024

The following are the most popular insurance companies in the country:

  • State Life Insurance Corporation of Pakistan
  • Jubilee Life Insurance Company Limited
  • EFU Life Assurance
  • Adamjee Insurance Company Limited
  • TPL Insurance
  • Askari General Insurance Company Limited
  • UBL Insurers
  • Adamjee Life Assurance Company Limited
  • Alfalah Insurance Company Limited
  • Pak-Qatar General Takaful Limited

1. State Life Insurance Corporation of Pakistan

Established in 1972, State Life is one of the oldest and largest insurance companies in Pakistan, offering a range of life insurance products.

2. Jubilee Life Insurance Company Limited

Founded in 1995, Jubilee Life is a leading private sector life insurance company known for innovative insurance solutions and a customer-centric approach.

3. EFU Life Assurance

With over 85 years of experience, EFU Life offers traditional and investment-linked life insurance plans along with health insurance solutions.

4. Adamjee Insurance Company Limited

Established in 1960, Adamjee is one of the largest general insurance companies in Pakistan, offering motor, property, marine, and travel insurance.

5. TPL Insurance

A relatively new entrant offering a range of general insurance products, known for its innovative solutions and digital platforms.

6. Askari General Insurance Company Limited

Established in 1995, a subsidiary of the Army Welfare Trust, offering motor, property, marine, and travel insurance.

7. UBL Insurers

A subsidiary of United Bank Limited, offering a range of general insurance products including motor, property, marine, and health insurance.

8. Adamjee Life Assurance Company Limited

A subsidiary of Adamjee Insurance, offering life insurance products including term, savings, retirement, and investment-linked plans.

9. Alfalah Insurance Company Limited

Operating since 2006 under the Abu Dhabi Group, Alfalah offers a range of general insurance products including motor, property, marine, and health insurance.

10. Pak-Qatar General Takaful Limited

Established in 2007, offering Shariah-compliant general Takaful products including motor, property, marine, and health Takaful.

Irfan Tariq

My name is Muhammad Irfan Tariq I am currently part of different websites and news agencies. I am interested in… More »

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button