Business Lifestyle

Top 8 Best Insurance Companies in Pakistan

Insurance companies in Pakistan

All of us want to live a healthy and secure life with our families. But we can’t deny the truth that Allah has its secrets to reveal at the right time. Life is unpredictable. We have no idea what will happen next. We face several tragedies and injuries in terms of disease, accident, and death. It never comes after telling. It just happens suddenly without deciding any plan for it. And for this sort of unexpected loss, damage, and death, we have to struggle and go through such hard times to overcome it. To deal with these matters, we advise you to get financial and mental safety by registering yourself in the best insurance companies in Pakistan. Apart from insurance companies there are also big construction companies in Pakistan which will use the services of these insurance companies for their employees.

But it’s hard to trust anyone at first impression. To make it clear, we have acquired and compiled a list of insurance companies in Pakistan.

So let’s have a look into them:

List of Insurance Companies in Pakistan (SECP):

 

Companies Location Phone Number Website
1. Adamjee Insurance Adamjee House 80/A, block E-1, Main Boulevard, Gulberg-III, Lahore (+92) 42 35772960-79 adamjeeinsurance.com
2. EFU Life Insurance EFU House, M.A. Jinnah Road, P.O. Box 5005, Karachi (+92)21 323 13471-90 efuinsurance.com
3. Jubilee Life Insurance Jubilee Life Insurance Building, 74/1-A, Lalazar, M. T. Khan Road, Karachi (021) 111 111 554 jubileelife.com
4. State Life Insurance State Life Building No. 9, Dr. Ziauddin Ahmed Road, Karachi (+92)-21-99202800-9 statelife.com.pk
5. Alfalah Insurance Company 5-Saint Mary Park, Gulberg-III, Lahore (+92) 42 111-234-222 alfalahinsurance.com
6. United Insurance Company UIG House, 01, Upper Mall, Lahore 0800-84275 unitedinsurance.com
7. TPL Direct Insurance Plot 19 B, Ground Floor, Sindhi Muslim Cooperative Housing Society Block B Sindhi Muslim CHS (SMCHS), Karachi (021) 111 000 301 tplinsurance.com
8. Pak Qatar General Takaful Suite # 402-404, Business Arcade , Plot 27/A, Block 6, P.E.C.H.S. , Sharea Faisal, Karachi 021- 34380357-61 pakqatargeneraltakaful.com

1. Adamjee Insurance

Adamjee Insurance is a Public Limited Company established on 28 September 1960. It’s one of the best government insurance companies in Pakistan, and operates to assist the nation by giving them relief when they are in crisis. The best part is, it’s not only limited to Pakistan but also provides its services in other countries, including the United Arab Emirates – UAE. The head office is at Adamjee House 80/A, block E-1, Main Boulevard, Gulberg-III, Lahore. They are known for offering the best health services, while they are the top reviewed and first pick as health insurance companies in Pakistan. But besides this, there are a lot more types of securities given by them. Some of them are written below:

  • Motor Insurance
  • Travel Insurance
  • Engineering Insurance
  • Miscellaneous Insurance
  • Health Insurance
  • Financial Lines Insurance
  • Fire and Property Insurance
  • Marine Insurance
  • Liability Lines Insurance
  • Agriculture Insurance
  • Personal Accident Insurance

They are spreading the network all over the country by opening their branches in different cities. There is no doubt if we recognized it to be one of the largest insurance companies in Pakistan. These companies also have offices in many shopping malls in Islamabad as well.

2. EFU Life Insurance

Next on our list is EFU Life Insurance. We are sure you must be familiar with this one of the best life insurance companies in Pakistan. As the name tells its specialty, it’s a company that mainly deals in the life insurance sector. It’s a private limited company established in 1932, however, initiated to operate in 1992. EFU is a short form of Eastern Federal Union. The best part is they have also offered their services via an application called EFU Life PlanIT. It is located at EFU House, M.A. Jinnah Road, P.O. Box 5005, Karachi. It is the top priority of citizens because of the exceptional and quick dealing methods. They are offering life insurance specifically but also encounter other types of Insurances and products. Some of them are written below:

  • Education Planning Product
  • Critical Illness Products
  • Inflation Protection Benefit
  • Unit-linked products   
  • Pension Plans
  • Miscellaneous Insurance
  • Motor Insurance
  • Buy Travel Insurance
  • Marine and Aviation Insurance

It is also the first insurance company that claims to be certified by ISO. If you are looking for authorized and top financial support in the private sector, then EFU is the best choice. Apart from insurance companies also checkout some of the best real estate companies in Peshawar which surely uses the services of these companies for their employees.

3. Jubilee Life Insurance

Jubilee Life Insurance was founded on 29 June 1995, and in a very little time, it has gained popularity and become one of the leading life insurance companies in Pakistan. The reason for being such a trustworthy and most reliable insurance company is the shares that have been valued on Pakistan Stock Exchange Limited – PSX. The head office is in Jubilee Life Insurance Building, 74/1-A, Lalazar, M. T. Khan Road, Karachi. The company has been appointed as AA+ (Double A Plus) IFS – Insurer Financial Strength by JCR-VIS Credit Rating Co. Ltd. Jubilee Life Insurance has several associate companies that work under its supervision. Mainly it is specialized in offering life insurance but it also works in other sectors. Some of them are mentioned below:

  • Individual Life Insurance
  • Bancassurance
  • Micro Insurance
  • Corporate Insurance
  • Online Insurance
  • Family Takaful

It is the only insurance company that not only works in Pakistan but has also spread its network in significant countries including Kenya, Uganda, Tanzania, Mauritius, Burundi, and Kyrgyzstan. Many real estate companies doing businesses with these insurance companies but there are many factors affecting real estate market in Pakistan which also cause ups and downs in their business relationships.

4. State Life Insurance

Next on our list is State Life Insurance. It is one of the top leading government insurance companies in Pakistan. The company aims to offer world-class services to its customers and improve their living style. The best part is it not only deals in selling personal or individual insurance policies but is also focused on providing group insurance plans\policies. It was founded in 1972 and recognized as one of the oldest insurance companies in Pakistan. When you buy a house always remember to make its proper insurance first , there are many top areas for buying houses in Lahore  where people get proper insurance of their houses. The head office is located at State Life Building No. 9, Dr. Ziauddin Ahmed Road, Karachi. A piece of news is about SLIC, that it pays approximately Rs.12 billion to the government to register as a Public Limited Company. They are found to encounter different insurance policies. Some of them can be seen below:

  • Whole Life Insurance
  • Endowment Insurance
  • Shad Abad Insurance
  • Anticipated Endowment Insurance
  • Jeevan Sathi Insurance
  • Child Protection Insurance
  • Wealth Builder Plan
  • Supplementary Covers
  • Health Insurance
  • Life Insurance

5. Alfalah Insurance Company

Last but not least, we have Alfalah Insurance Company. It is a part of the Abu Dhabi Group. The company started operating in 2006, and within a few years, it has created the worth and become one of the leading insurance companies in Pakistan. Always remember to get your property insured properly but first get to know the profitable property Investment in Pakistan before investing in any property. Being a reputed company, it owns all the responsibilities to provide its customer with all the securities he wished. It has initiated different registered branches all over the country including Islamabad, Karachi, and Lahore. An important point about Alfalah Insurance Company is it’s merged with the Insurance Association of Pakistan – IAP. It has created a new pitch to offer such insurance policies in a highly professional manner. Some of the insurance policies are mentioned below:

  • Health Insurance
  • Property Insurance
  • Miscellaneous Insurance
  • Engineering Insurance
  • Motor Insurance
  • Marine Cargo Insurance
  • Energy Insurance
  • Travel Insurance

An authorized rating agency called The Pakistan Credit Rating Agency – PACRA has upgraded Alfalah Insurance Company into the “AA” category. One more thing people get their property properly insured. The benefits of investing in shopping malls is that their every thing is properly insured.

6. United Insurance Company

Without UIC, the list of insurance firms in Pakistan is incomplete. It was founded in 1959 with the goal of providing customer-friendly financial programs to the country’s business community. Individuals and businesses can choose from a variety of options offered by the organisation.

United Insurance Company is based in Lahore, Pakistan, and has more than a hundred branches around the country. You may also purchase their programmes online, life insurance companies in Pakistan, which are tailored to your specific requirements. It is also Pakistan’s fourth largest general insurance business, with a reputation for providing comprehensive coverage. 

Apart from insurance sector , real estate sector of Pakistan is also booming , but you need some things to consider before investing in real estate Pakistan .

7. TPL Direct Insurance

TPL Insurance is the first, top insurance company in Pakistan, the insurance company in Pakistan to sell general insurance products directly to the consumer. It was launched in 2005 with the vision to deliver superior quality insurance products to individuals and corporate clients. Now, it’s one of the recognized insurance companies in Pakistan. It also has its app for those who‘re looking for quick car insurance and want updates at their fingertips. Other than this, you can also find a wide range of comprehensive insurance solutions including Islamic insurance plans on their website. Most of these insurance companies head quarters are located in Karachi , If you are planning to buy a house in Karachi then first get to know the top areas for buying houses in Karachi and then plan to invest.

8. Pak Qatar General Takaful

Pak Qatar was the first insurance firm in Pakistan to offer Takaful insurance. It offers two types of Takaful: General Takaful and Family Takaful. Mufti Muhammad Hassaan Kaleem certifies all of the company’s products and activities as Shariah-compliant. It has a substantial presence in Pakistan, with over a hundred locations and an online portal and mobile applications. PQGT’s largest shareholders are Qatar Insurance Islamic Company and Qatar International Islamic Bank. All of their items are made in accordance with Islamic beliefs and guidelines.

Conclusion:

So, these were the top insurance companies in Pakistan that worked hard in serving and securing our future. Check out above mentioned insurance companies in Pakistan and give us feedback on which one was suitable for you. You can also read our blog about how to become a successful real estate agent.

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