Top Best 7 Insurance Companies in Pakistan
In this post, we will discuss the Top Best 7 Insurance Companies in Pakistan. Keep visiting StudySolution for the best articles. There are many Insurance organizations in Pakistan. The market loaded up with operators applauding them all. And ready to offer you the best strategies anyway in all actuality regarding guaranteeing the protection, customers face obstacles.
Actually, there are many companies which are providing insurance facilities, but according to my opinion some famous insurance organizations are given below:
1. The State Life Insurance Corporation of Pakistan
The State Life Insurance Corporation of Pakistan, commonly known as State Life or SLIC. State Life is the largest life insurance company in Pakistan. The life insurance business in Pakistan was nationalized in March 1975. State Life has a wide area of users.
|
Principal Office of State Life
|
|
|
Type
|
Government organization |
|---|---|
| Industry | Life Insurance |
| Founded In | 1972 |
| Headquarters | Karachi, Pakistan |
| Board Of Directors | Mr. Javed Akbar Bhatti, Mr. Iftikhar-ul-Hassan Shah Gilani, Mr. Ghiasuddin Ahmed, Mr. Ali Mubashar Kazmi, Mr. Abdul Qadir Memon, Mr. Abdul Qadir Memon |
| Products | Life insurance, Pensions, Annuities |
| Revenue | ₨170.33 billion |
|
Net income
|
₨1.27 billion |
| Total assets | ₨755.97 billion |
| Owner | Govt of Pakistan |
State Life Insurance Plans:
2. Jubilee Life Insurance
It is the most beneficial among private insurance agencies in Pakistan. Jubilee Life Insurance Company, normally known as Jubilee Life. A Pakistani life coverage organization that is a backup of Swiss revenue was driven by the association Aga Khan Fund for Economic Development. It is situated in Karachi, Pakistan.
|
Type
|
Subsidiary |
|---|---|
| Traded | PSX: JLICL |
| Industry | Insurance |
| Founded | 1995 |
| Headquarters | Karachi, Pakistan |
| Owner | Aga Khan Fund for Economic Development |
Jubilee Life Insurance Plans:
3. EFU Life Insurance:
The EFU moved its Head Office to Karachi, West Pakistan, in May 1950. In 1952, the organization enlisted Khuda Buksh, an overseer from Oriental Governmental Security Life Assurance, Calcutta, as life chief for East Pakistan. Khuda Buksh presented an arrangement of instructional courses and extended the whole field association on logical lines.
| Industry | Life insurance |
|---|---|
| Founded | 1932 |
| Headquarters | Karachi, Pakistan |
|
Key people
|
|
| Products | Unit-Linked, Conventional, and Group Products |
| Owner | Jahangir Siddiqui & Co. |
EFU Life Insurance Plans
4. Askari General Insurance
It is also the best insurance company in Pakistan. It was founded in 1995. Its parent organization is the Army Welfare Trust. It provides various types of Insurance such as:
- ASK Track
- Aviation Insurance
- Bond Insurance
- FIRE Insurance
- Marine Insurance
- Motor Insurance
- Health Insurance
- Travel Insurance
- Engineering Insurance
5. United Insurance Company:
The United Insurance Company of Bangladesh was set up on October 20, 1959. The organization began working in the geological limits of present-day East Pakistan and western Pakistan. Joined Insurance is working with more than 100 branches all over Pakistan. Joined Insurance Including Travel Insurance (Health), Travel Bonds and Guarantees, Livestock & Crop Insurance, Providing Services in General Business.
It provides the insurance facilities for the following:
Related articles
- Health Insurance
- Livestock Insurance
- Travel Insurance
- Crop Insurance
- Marine Insurance
- Fire Insurance
- Motor Insurance
6. Adamjee Insurance Company Limited
Adamjee Insurance Company Limited (AICL) is the biggest general insurance agency in Pakistan. Joined as a Public Limited Company on September 28, 1960. It is recorded on Pakistan Stock Exchange Limited. AICL has an exceptionally favorable position of having territorial nearness in the United Arab Emirates.
Adamjee Insurance is extensively associated with endorsing the accompanying classes of business:
- Motor
- Accident & Health
- Fire and Property
- Marine Aviation and Transport
- Misc Insurance
7. Pak-Qatar Family & General Takaful
Among the pioneers of Takaful in Pakistan, Pak-Qatar General Takaful Limited offers an extensive items’ portfolio for the national Takaful market. We endeavor to offer quality budgetary types of assistance, need-based and custom-made, to take into account modified conditions. With all endeavors being made by the Group’s vision and crucial an offer to furnish everybody with the advantages of Takaful.
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