Insurance companies in Pakistan have much importance, Because in this fast age every one’s life in on risk. So you need to manage your life through these risks. Suppose you have a car and in accident it’s totally destroyed. So you need to pay for its work. Now you don’t need to pay for its maintenance there are insurance companies that will take all expense on them. Same like car, if you lost your life in accident then what about your family, how they will manage to afford their living, so there are solution to every problem and for this problem insurance is the best solution.
Top insurance Companies In Pakistan
- State Life Insurance Corporation of Pakistan
- IGI Insurance Limited
- EFU Life Insurance LTD
- East West Life Assurance
- Jubli Life Insurance
- United Insurance
- AIG Insurance Company
- Data Bank International
- National Insurance Corporation
- Habib Insurance Company LTD
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1. State Life Insurance Corporation of Pakistan
State life insurance corporation of pakistan was incorporated on November 1, 1972 under the Life Insurance Nationalization Order, 1972. Due to its well established Agency Network of more than 90,000 sales people State Life is the largest Life Insurance Corporation since 1972 in Pakistan.
2. IGI Insurance Limited
IGI Insurance Limited engages in the provision of general insurance products in Pakistan. It operates through five segments: Fire and Property Insurance; Marine, Aviation, and Transport Insurance; Motor Insurance; Accident and Health Insurance; and Miscellaneous Insurance.
3. EFU Life Insurance LTD
EFU life insurance limited provides various life insurance products and services in Pakistan. It offers individual life insurance products, including education, marriage, khushhali, savings, head start, executive pension, grand start, loan protection, security, and capital growth plans, as well as prosperity for life.The Company’s accident and health products consist of long term and short term accident and health products providing cover against accidental death, disability, sickness and critical illness, offered both as long term, as well as yearly renewable plans.
4. East West Life Assurance
East West Life Assurance Company Limited is a Pakistan-based company, which is engaged in life and health insurance business. The Company extends individual life insurance, and group or corporate life, accidental and health insurance companies across Pakistan. Its segments are ordinary life, universal life, and accident and health.
5. Jubli Life Insurance
Jubilee Life Insurance Company Limited (the Company) was incorporated in Pakistan on June 29, 1995 as a Public Limited Company under the Companies Ordinance, 1984. Its shares are quoted on the Pakistan Stock Exchange Limited. The Company started its business on June 20, 1996.The Company is engaged in life insurance, carrying on non-participating business.
6. United Insurance
The United Insurance Company of Pakistan Limited is a Pakistan-based general insurance company. The Company operates through four segments, including fire, marine, motor, and health and miscellaneous. The Company’s General business include Group Health Insurance, Travel Insurance (Health), Travel Bonds and Guarantees, Livestock and Crop Insurance.
7. AIG Insurance Company
AIG is the world’s leading insurance organization, with more than 90 million customers worldwide — a multinational footprint serving clients in over 200 countries and jurisdictions. With one of the industry’s most extensive ranges of products and services, deep claims expertise and excellent financial strength, AIG enables its personal and business insurance clients alike to manage risk with confidence.
8. Data Bank International
Data Bank is the first and only company in Pakistan which provide data insurance in our country. This company provides protection for electronic data at personal and corporate level. The reason this company being brought in business because of theft, virus, system crashing and data crashing.
9. National Insurance Corporation
National Insurance Company Limited was incorporated in Pakistanon 31st March 2000 as an unquoted public limited company under the Companies Ordinance 1984 through NIC (Reorganization) Ordinance 2000.The company is a leading provider of insurance and risk management services in the country.
10. Habib Insurance Company Limited
Habib Insurance Company Limited is a Pakistan-based company engaged in the general insurance business. The Company operates through four business segments: Fire and property, Marine and transport, Motor and Other classes.