Best Insurance Companies in Pakistan
top life insurance companies in Pakistan : Life is unpredictable, we must keep this fact in our mind at all times.
We often experience things we did not think of, and most of the time, we struggle to deal with these experiences because we did not plan on these matters and we are just ignorant of them.
It's a lot of stress there!
Read : best life insurance company in pakistan
To protect yourself from mental and financial distress, we recommend that you get financial protection in the form of insurance.
This article will focus on all important aspects of insurance. If you are going to know about Best insurance companies in Pakistan, then this article is for you.
But, why the hype about all insurance companies?
The concept of insurance is becoming popular day by day, especially in South Asia. In Pakistan, people are suspicious and in most cases, unaware of insurance. It is important to know inside insurance, especially in today's fast-growing and unpredictable era.
insurance is basically a method by which you transfer or reduce your personal risk. When you obtain insurance, you are actually entrusting the responsibility of your loss to the insurance companies (under certain terms and conditions).
Companies reduce risk by spreading it across multiple people or firms. These people pay a premium (a set amount of money), which will be used to pay for your loss due to various circumstances such as fire, accident, illness or death.
Different insurance companies provide different types of insurance depending on your needs and choice. The major types of insurance include:
- Life insurance
- Property Insurance.
- fire insurance.
- liability insurance.
- Guarantee Insurance.
- social insurance.
But, why should I get insurance?
Let's do it directly: Insurance provides protection over the long term.
As I have already mentioned, life is unpredictable. You will never know when you will need financial aid. Instead of relying on relatives and loans, it is a good idea to insure yourself.
Some of the major rules of insurance are:
It gives you financial security, that is, you do not have to depend on external sources for money.
- This will give you mental peace and you will not have to worry for the time ahead.
- This will allow you to reduce the risk.
- there are many bEST insurance that are providing insurance on easy terms and conditions In Pakistan. In this article some major insurance companies are discussed in depth.
So let's get started!
Contact the insurance company website
1. Jubilee Life Insurance + 92-21-35205095
+ 92-21-32120201
2. EFU Life Insurance EFU Life Insurance + 92-21-111-338-111
3. Adamjee Insurance Company Adamjee Insurance Company + 92-42-35772960-79
4. Alfalfa Insurance Alfalfa Insurance + 92-42-111-234-222
5. State Life Insurance Corporation of Pakistan State Life Insurance Corporation of Pakistan + 92-21-99202800-9
1. Jubilee Life Insurance
Jubilee Life Insurance Company in Pakistan associates its brand Name with the word "happiness" and that too for all the right reasons. Jubilee Life Insurance is known among the public due to their exceptional services and easy terms and conditions.
Jubilee offers the following insurance policies to its customers:
- Personal life insurance (helps you save money for your child's needs, including his education, medical care, and marriage).
- Bancassurance (One-stop-shop for all your banking, insurance and financial needs).
- Micro-insurance (an insurance policy specifically tailored to meet the needs of the disadvantaged).
- Corporate Insurance (An insurance policy specifically designed for the corporate world)
- Online insurance
- Family Talkful (an insurance policy that is in accordance with Sharia laws).
Website:Jubilee Life Insurance
2. EFU Life Insurance
EFU Life Insurance started its operations in 1992.It is the first private life insurance in Pakistan. EFU Life Insurance is considered to be the largest financial base in the private sector, with a maximum capital of about 1 billion. It is considered as one of the best insurance companies in Pakistan.
EFU provides its customers with a diverse portfolio of products with the best prices. The EFU Life Insurance also provides you with a mobile application, known as EFU Life PlanIT. People can easily Check Their records and information through this app. In addition, EFU Life Insurance is the first life insurance company in Pakistan to be ISO certified.
Some of the major product offerings by EFU include:
- Unit Related Products
- Critical illness products
- Education plan product
- Inflation protection benefit
- Pension schemes
Contact: + 92-21-111-338-111
Know about insurance companies in Pakistan.
3. Adamjee Insurance Company
The 3th insurance company is Adamjee Insurance Company.. AICL started its operations on 28 September 1960 and is currently considered the largest general insurance company in Pakistan.
Adamjee Insurance Company or AICL is an international name, marking its presence in other regions such as the United Arab Emirates.
The company belongs to the following classes of business:
- Engineering insurance
- Fire and Property Insurance
- health insurance
- Marine Insurance
- motor insurance
- travel insurance
- Agricultural insurance
- Miscellaneous Insurance
- Financial lines insurance
- Liability insurance lines
- Personal Accident Insurance
All insurance services offered by the company are IS0 9001 certified. Apart from this certification, the Adamjee Insurance Company has also received national and international recognition in the form of awards and certificates.
Contact: + 92-42-35772960-79
Website: Adamjee Insurance Company
Insurance companies in pakistan
4. Alfalfa Insurance Company
One of the latest players in the city is Alfalah Insurance Company, a venture of the Abu Dhabi Group. This company operates in all major cities of Pakistan including Islamabad, Karachi, and Lahore.
The company is involved in several types of insurance policies:
- health insurance
- motor insurance
- Property insurance
- Marine cargo insurance
- Energy insurance
- Engineering insurance
- Miscellaneous Insurance
The Pakistan Credit Rating Agency (PACRA) recently upgraded the company rating to give it an "AA" category. Therefore, if you are looking for an insurance policy for yourself, then Alfalfa Insurance Company should be on your list.
Contact: + 92-42-111-234-222
Website: Alfalah Insurance Company
5. State Life Insurance Corporation of Pakistan
The State Life Insurance Corporation of Pakistan is a state-owned institution offering a variety of nsurance policies to its customers. State Life Insurance is one of the most popular and famous insurance companies in Pakistan. Talking about life insurance companies in Pakistan, State Life Insurance Corporation tops the list.
It not only provides individual policies but it also deals with group plans.
Some individual schemes offered by corporations are:
- Full life assurance.
- Endurance assurance.
- Shaad Abad Assurance.
- Anticipated Endowment Assurance.
On the other hand, other categories of insurance include:
- Life sati assurance
- Child protection assurance
- Wealth Builder Plan
- Supplement cover
- Health care plans
Interestingly, the State Bank website offers you a variety of calculators, which you can use to calculate insurance. The calculators available on the website are:
- Whole life assurance
- Endowment assurance
- Life sati assurance
- Contact: + 92-21-99202800-9
Website: State Life Insurance Corporation of Pakistan
So, State Life Insurance Corporation are some of the best insurance companies in Pakistan. Go through their descriptions and choose the one that suits your needs. Also, We Asking you, why you think insurance is important to us?. We would love to hear from you. Get information on home loans in Pakistan
Disclaimer:
Any information published in this article should not be taken as investment advice. We always recommend our readers their due diligence before investing in any project. It is the responsibility of the reader to know the laws regarding investment in their area. Get to know Imran Khan's Pakistan Housing Scheme.
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