Insurance companies offer financial protection or reimbursement against losses caused by a bad event. There are different types of insurance that companies offer like life insurance, travel insurance, auto insurance, property insurance, health insurance etc.
In western countries insurance is an important part of people's lives and that's why there is a large insurance industry. They insure everything like health, home, property, business, cars, travel trips, pets etc. Whereas if you compare Pakistan's insurance industry with the Western insurance industry it is very small, but growing well.
In Pakistan most of the Insurance companies also offer Takaful Insurance which is Islamic shariah-compliant insurance alternate for the conventional insurance. Takaful is based on risk-sharing model in which members contribute money into a pool system to guarantee each other. The benefit of Takaful is that it prohibits interest.
In Pakistan there are many insurance companies, but to make things easier for you we have picked some of the well known insurance companies providing quality insurance services. If you want to get the best insurance quote from below companies visit the two insurance marketplaces, as been listed at the bottom of the this post under the heading "Compare Insurance Plans".
- Here is the list of best insurance companies in Pakistan with brief introduction & insurance coverage plans. Remember that these companies are randomly listed not ranked.
Jubilee Life Insurance Company
Jubilee Life Insurance is a subsidiary of Swiss Aga Khan Fund for Economic Development, one of the leading and largest private sector life insurance companies in Pakistan. It was founded in 1995 and is headquartered in Karachi.
Some of its popular insurance plans are:
- Child Education Insurance
- Marriage Insurance
- Retirement Insurance
- Wealth Accumulation Insurance
- Saving & Protection Insurance
- Women Insurance
- Rural Insurance
- Health Insurance
- Microinsurance Insurance
- Corporate Insurance
- Online Insurance
- Family Takaful(Shariah-Compliant Insurance)
Website: https://www.jubileelife.com/
State Life Insurance Corporation
State Life Insurance is also one of the leading and largest life insurance companies in Pakistan, owned by the Government of Pakistan. It was founded in 1972 and is headquartered in Karachi.
Following are its main insurance plans:
- Individual Life Insurance
- Insurance Plans For Gulf
- Health Care Insurance
- Group Life & Pension Insurance
- Takaful Insurance
Website: https://statelife.com.pk/
Pak Qatar Takaful Ltd
Pak
Qatar Takaful Limited is one of the largest General and Family Takaful
insurance provider in Pakistan. It is amongst the pioneers of Takaful in
Pakistan. It has 100+ branches in 90+ cities all over Pakistan, and is
headquartered in Karachi.
General Takaful Coverage Plans:
- Motor/Commercial Vehicle Takaful Insurance
- Travel Takaful Insurance
- Home Takaful Insurance
- Property Takaful Insurance
- Marine Takaful Insurance
- Engineering Takaful Insurance
- Liability Takaful Insurance
- Miscellaneous Takaful Insurance
- ATM Cash Withdrawal Insurance
- Terrorism Takaful Insurance
- Shop Owner Comprehensive Takaful Insurance
- Professional Takaful Insurance
- Mobile All Risk Takaful Contractors Plants & Machinery Takaful Insurance
- Boiler & Pressure Vessel Takaful Insurance
- Banker Blanket Takaful Insurance
- All Risks Contents Takaful Insurance
Family Takaful Coverage Plans
- Share 'n Care Savings Takaful Insurance
- ABC Education Takaful Insurance
- Salary Savings Takaful Insurance
- Flexi Savings Takaful Insurance
- Easy Takaful Insurance
- Takaful Shield Decreasing Term Insurance
- Investment Shield Takaful Insurance
- Priority Takaful Plan (Platinum) Insurance
- Priority Takaful Plan (Gold) Insurance
- Khazeena Takaful Insurance
- Apni Bachat – Saving & Takaful Plan Insurance
- Family Sehat Takaful Insurance
- Takaful Bachat Scheme Takaful Insurance
- Group Health Takaful Insurance
- Group Family Takaful Insurance
Adamjee Insurance Company
AICL
- Adamjee Insurance Company Limited is one of the largest general
insurance companies in Pakistan and also listed on Pakistan Stock Exchange
Limited. Adamjee was the first insurance company in Pakistan that
offered coverage of Oil & Gas, Wind and Thermal Energy Risks. It was
founded in 1960 and is headquartered in Karachi.
Some of its main insurance plans are:
- Engineering Insurance
- Property Insurance
- Health Insurance
- Marine Insurance
- Motor/Auto Insurance
- Travel Insurance
- Agriculture Insurance
- Miscellaneous Insurance
- Financial Line Insurance
- Liability Lines Insurance
IGI General Insurance
IGI General Insurance offers general insurance coverage in Pakistan. It has been awarded with “AA” IFS rating by PACRA for 9 consecutive years acknowledging its financial strength and stability. It has 9 offices all over Pakistan and is headquartered in Karachi.
Some of its main insurance plans are:
- Home Insurance
- Auto/Car Insurance
- Travel Insurance
- Health Insurance
- Insurance
- Marine Insurance
- Miscellaneous Insurance
Website: https://www.igiinsurance.com.pk/
Alfalah Insurance Company Limited
Alfalah Insurance Company Limited offers general insurance coverage in Pakistan. It is the member of IAP & LCCI(Lahore Chamber of Commerce and Industry). It was founded in 2006. Currently it has 9 offices all over Pakistan.
Some of its main insurance plans are:
- Property Insurance
- Engineering Insurance
- Energy Insurance
- Marine Cargo, Hull & Aviation Insurance
- Miscellaneous Insurance
- Motor/Car Insurance
- Health Insurance
- Crop Insurance
- International Private Medical Insurance
- Safar Bakhair Travel Insurance
- Takaful Islamic Insurance
Website: https://www.alfalahinsurance.com/
EFU Life
EFU(Eastern
Federal Union) Life is one of the leading & largest life insurance
companies in Pakistan, was awarded with "Brands Of The Years Award 2019"
for the Best Life Insurance Company by The Brands Foundation. EFU Life
is also the first private sector life insurance company in Pakistan. It
was founded in 1992 and is headquartered in Karachi.
Following are its main insurance plans:
- Individual Insurance
- Group Life Insurance
- Inclusive Insurance
- Hemayah Takaful(Hemayah means protection)
- PRIMUS(Services for high net worth clients)
Asia Insurance Company Limited
Asia Insurance Company Limited offers general insurance coverage in Pakistan and also has been awarded 'A' rating by PACRA. It is headquartered in Lahore.
Some of its main insurance plans are:
- Travel Insurance
- Motor/Auto Insurance
- Allied Perils Insurance
- Marine Insurance
- Personal Insurance
- Agriculture Insurance
- Medical Insurance
- Miscellaneous Insurance
Website: http://www.asiainsurance.com.pk/
Takaful Pakistan Limited
Takaful Pakistan Limited is also one of the leading shariah complaint insurance service provider in Pakistan, partly owned by House Building Finance Company Limited. It has been awarded with 'A-' rating by PACRA. Takaful Pakistan Limited was founded in 2006 and is headquartered in Karachi.
Some of its main Takaful coverage plans are:
- Motor Takaful Insurance
- Home Takaful Insurance
- Personal Takaful Insurance
- Property Takaful Insurance
- Engineering Takaful Insurance
- Miscellaneous Takaful Insurance
- Marine Takaful Insurance
- Specialized Takaful Insurance
Website: https://www.takaful.com.pk/
Askari General Insurance
Askari General Insurance Company Limited offers general insurance coverage in Pakistan. It has been upgraded to 'AA' rating by JCR-VIS. It was founded in 1995 and is headquartered in Rawalpindi.
Some of its main insurance plans are:
- Health Insurance
- Motor/Car Insurance
- Travel Insurance
- Engineering Insurance
- Marine Insurance
- Aviation Insurance
- Bond Insurance
- Misc Insurance
Website: https://www.agico.com.pk
Chubb Insurance Pakistan
Chubb Insurance Pakistan Limited is a subsidiary of Chubb INA International Holdings Limited, the largest commercial insurer in United States. It has been awarded 'AA' rating by VIS Credit Rating Company Limited. Chubb have had a presence in Pakistan since 1948 and is headquartered in Karachi.
Some of its main insurance plans are:
- Cyber Risk Insurance
- Directors & Officers Liability Insurance
- Worldwide Marine Cargo Insurance
- Property Insurance
- Equipment Breakdown Insurance
- Commercial General Liability Insurance
- Travel Insurance
- Enhancement Insurance
Website: https://www.chubb.com/pk-en/
Crescent Star Insurance
CSI(Crescent Star Insurance) Private Limited provides general insurance coverage in Pakistan. CSI is listed on Pakistan Stock Exchange, member of IAP, and has been awarded with 'A-' rating by PACRA. It was founded in 1957 and is headquartered in Karachi.
Some of its main insurance plans are:
- Motor/Car Insurance
- Health Insurance
- Marine Insurance
- Engineering Insurance
- Travel Insurance
- Livestock & Crop Insurance
- Miscellaneous Insurance
Website: http://cstarinsurance.com/
SPI Insurance
SPI
Insurance Company Limited formerly known as Saudi Pak Insurance Company
Limited is one of the emerging general insurance providers in Pakistan.
It has been awarded 'A' rating by PACRA. SPI Insurance was founded in
2005 and is headquartered in Lahore.
Some of its main plans are:
- Travel Insurance
- Motor Insurance
- Health Insurance
- Property Insurance
- Marine Insurance
- Miscellaneous Insurance
- Engineering Insurance
- Takaful Insurance
East West Insurance Company Limited
East West Insurance Company Limited provides general insurance coverage both conventional and Takaful. It was founded in 1983, is headquartered in Karachi and has branches in major cities of Pakistan.
Conventional Insurance Plans:
- Property Insurance
- Marine & Cargo Insurance
- Motor/Car Insurance
- Bonds & Engineering Insurance
- Health & Travel Insurance
- Crops Insurance
- Miscellaneous Insurance
Takaful Insurance Plans:
- Motor/Car Takaful Insurance
- Marine & Cargo Takaful Insurance
- Property Takaful Insurance
- Misc Takaful Insurance
- Bond & Engineering Takaful Insurance
- Health Takaful Insurance
- Travel Takaful Insurance
Website: https://eastwestinsurance.com.pk/
EFU Insurance
EFU Insurance is one of the leading, largest and oldest general insurance companies in Pakistan. It has been awarded with 'AA+' rating by VIS and PACRA. It was founded in 1932 and is headquartered in Karachi.
Some of its main insurance plans are:
- Insurance
- Engineering Insurance
- Marine Insurance
- Aviation Insurance
- Motor Insurance
- Miscellaneous Insurance
- Takaful Insurance
Website: https://efuinsurance.com
Habib Insurance
Habib Insurance is one of the oldest public limited insurance providers in Pakistan. It was founded in 1947 and is headquartered in Karachi.
Some of its main insurance plans are:
- Property Insurance
- Marine Insurance
- Motor/Car Insurance
- Engineering Insurance
- Travel Insurance
- Miscellaneous Insurance
Website: https://www.habibinsurance.net/
Jubilee General Insurance
Jubilee General Insurance is one of the largest and highest rated general insurance companies in Pakistan. It offers both conventional general insurance coverage and Takaful general insurance coverage. Jubilee General Insurance has also been awarded with the 'AA+' rating by JCR-VIS and PACRA.
Conventional General Insurance Plans:
- Property Insurance
- Engineering Insurance
- Marine Insurance
- Business Fleet Insurance
- Miscellaneous Insurance
Takaful General Insurance Plans:
- Property Takaful Insurance
- Engineering Takaful Insurance
- Marine Takaful Insurance
- Business Fleet
Website: https://www.getinsurance.pk/
Premier Insurance
Premier Insurance is one of the oldest general insurance companies in Pakistan. It is listed on Pakistan Stock Exchange, member of Insurance Association of Pakistan and member of Management Association of Pakistan. It was founded in 1952 and has 16 branches in 14 cities, is headquartered in Karachi.
Some of its main insurance plans are:
- TravelWhiz Insurance
- Health Insurance
- Property Insurance
- Motor/Car Insurance
- Engineering Insurance
- Miscellaneous Insurance
- Aviation Insurance
- Marine Insurance
- Energy Insurance
- Liability Insurance
- Bond Insurance
Website: http://pil.com.pk/
TPL Insurance
TPL Insurance is one of the pioneers in providing the general insurance directly to the consumer in Pakistan. It was founded in 2005, is headquartered in Karachi and has 6 offices in 6 major cities of Pakistan.
Some of its main insurance plans are:
- Auto/Car Direct Insurance
- Home Direct Insurance
- Travel Direct Insurance
- Group Health Insurance
- Micro Health Insurance
- Allied Perils Insurance
- Terrorism Insurance
- Business Interruption Insurance
- Marine Insurance
- Cyber Risk Insurance
- Engineering Insurance
- Miscellaneous Insurance
- Direct Takaful Insurance
Website: https://tplinsurance.com/
UBL Insurers
UBL
Insurer is an associated company of United Bank Limited, registered as
an insurer with the Securities and Exchange Commission of Pakistan. It
offers general insurance coverage in Pakistan. UBL Insurer started its
services in 2007 and is headquartered in Karachi.
Some of Its main insurance plans are:
- Marine Insurance
- Motor/Car/Auto Insurance
- Health Insurance
- Travel Insurance
- Miscellaneous Insurance(Multi-type and multi-size businesses)
- Engineering Insurance
- Personal Insurance
- Agriculture Insurance(Crop insurance from natural disasters or calamities)
Website: http://ublinsurers.com/
Compare Insurance Plans
Above we listed the best insurance companies of Pakistan, now if you want to compare the insurance rates of these companies and get the best insurance quotes, visit the below insurance marketplaces which are connected to above insurance companies.
Conclusion
- So these were some of the top insurance companies in Pakistan. It depends on your requirements and budget that which company you choose. If you like this post then don't forget to share this post with other people. Share your feedback in the comments section below.
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