Top Insurance Companies in Pakistan

Life is unpredictable, we must keep this fact in our minds at all times.

We often experience things that we did not think about, and most of the time, we struggle to cope up with these experiences because we did not plan on these matters and we are just clueless about them.

That’s a lot of stress right there!

To save yourself from mental and financial distress, we advise that you get financial security in the form of insurance.

This article will focus on all the important aspects of insurance. If you are someone who needs to know about insurance companies in Pakistan, this article is for you.

But, Why all the Hype about Insurance Companies?

The concept of insurance is getting popular day by day, especially in South Asia. In Pakistan, people are skeptical and in most cases, unaware of insurance. It is crucial to know inside out of insurance, especially in today’s fast-moving and unpredictable era.

Insurance is basically a method by which you transfer or mitigate your personal risk. When you get insurance, you are actually shifting the responsibility of your loss to the insurance companies (under certain terms and conditions).

The companies further mitigate the risk by spreading it over a number of people or firms. These people pay a premium (a set amount of money) that will be used to pay for your loss caused by different circumstances such as fire, accident, illness, or death.

Different insurance companies provide different kinds of insurance, depending upon your needs and preference. Major types of insurance include:

·        Life Insurance.

·        Property Insurance.

·        Fire Insurance.

·        Liability Insurance.

·        Guarantee Insurance.

·        Social Insurance.

Top Insurance Companies in Pakistan

But, Why should I get Insurance?

Let’s get this straight: Insurance provides security in the long run.

As I already mentioned, life is unpredictable. You never know when you will be needing financial aid. Instead of relying on relatives and loans, it is a good idea to get yourself insured.

Some of the major pros of insurance are:

It gives you financial protection i.e. you do not have to rely on external sources for money.

It will give you peace of mind and you will not have to worry about the forthcoming.

It will allow you to mitigate risk.

In Pakistan, there are many insurance companies that are providing insurance on easy terms and conditions. Some of the major insurance companies are thoroughly discussed in this article.

So, let’s get started!

Insurance Company



1. Jubilee Life Insurance

Jubilee Life Insurance



2. EFU Life Insurance

EFU Life Insurance


3. Adamjee Insurance Company

Adamjee Insurance Company


4. Alfalah Insurance

Alfalah Insurance


5. State Life Insurance Corporation of Pakistan

State Life Insurance Corporation of Pakistan


1. Jubilee Life Insurance

Jubilee Life Insurance associates its brand with the word “happiness” and that too, for all the right reasons. Jubilee Life Insurance is known among the masses because of their exceptional services and easy terms and conditions.

Jubilee offers the following insurance policies for its customers:

Individual life insurance (helps you save money for your child’s needs including his/her education, medical care, and marriage).

Bancassurance (a one-stop-shop for all your banking, insurance, and financial requirements).

Micro-insurance (an insurance policy specially designed to cater to the needs of underprivileged people).

Corporate insurance (an insurance policy specially designed for the corporate world)

Online insurance

Family Takaful (an insurance policy that is per the sharia laws).

Contact: +92-21-35205095, +92-21-32120201

Website: Jubilee Life Insurance

2. EFU Life Insurance

EFU Life Insurance began its tasks in 1992 as the main private life coverage in Pakistan. EFU is known to have the biggest monetary base in the private area with the most generously compensated capital of around 1Billion. It is viewed as one of the most amazing insurance agency in Pakistan.

EFU offers its clients a broadened portfolio with the best worth items. The organization likewise furnishes you with a versatile application, known as EFU Life PlanIT. You can without much of a stretch track your records and data through this application. Likewise, EFU Life Insurance is the main disaster protection organization in Pakistan to be ISO ensured.

Some of the major product offerings by EFU includes:

Unit-linked products

Critical Illness Products

Education Planning Product

Inflation Protection Benefit

Pension Plans

Contact: +92-21-111-338-111

Website:  EFU Life Insurance

Get to know about insurance companies in Pakistan.

3. Adamjee Insurance Company

The next insurance company on our list is Adamjee Insurance Company. AICL began its procedure on 28th September 1960 and as of now, it is viewed as the biggest general insurance agency in Pakistan.

AICL is a worldwide name, having its presence in different locales, for example, the United Arab Emirates.

The company deals with the following classes of business:

Engineering insurance

Fire & property insurance

Health insurance

Marine insurance

Motor insurance

Travel insurance

Agriculture insurance

Miscellaneous insurance

Financial lines insurance

Liability lines insurance

Personal accident insurance

All the insurance services offered by the company are IS0 9001 certified. Apart from this certification, the company has also received national and international recognition in the form of awards and certificates.

Contact: +92-42-35772960-79

Website: Adamjee Insurance Company

4. Alfalah Insurance Company

Probably the most recent player around is Alfalah Insurance Company which is an endeavor of Abu Dhabi Group. The organization is working in every one of the significant urban areas of Pakistan including Islamabad, Karachi, and Lahore.

The company deals in many kinds of insurance policies including:

Health Insurance

Motor Insurance

Property Insurance

Marine Cargo Insurance

Energy Insurance

Engineering Insurance

Miscellaneous Insurance

The Pakistan Credit Rating Agency (PACRA) recently upgraded the rating of the company, granting it the “AA” category. This category depicts a strong financial position and top-notch services. So, if you are looking for an insurance policy for yourself, Alfalah Insurance Company should be on your list.

Contact: +92-42-111-234-222

Website:  Alfalah Insurance

5. State Life Insurance Corporation of Pakistan

State Life Insurance Corporation of Pakistan is an administration possessed body that is giving an assortment of insurance contracts to its clients. It is one of the most well-known insurance agency in Pakistan. Likewise, State Life best the rundown with regards to the life coverage organizations in Pakistan.

It not only offers individual policies but it also deals with group plans.

Some of the individual plans offered by the corporations are:

Whole Life Assurance.

Endowment Assurance.

Shad Abad Assurance.

Anticipated Endowment Assurance.

On the other hand, other categories of insurance include:

Jeevan Sathi Assurance

Child Protection Assurance

Wealth Builder Plan

Supplementary Covers

Health Care Plans

Interestingly, the state bank website also provides you with a whole variety of calculators that you can use to calculate insurance. The calculators available on the website are:

Whole Life Assurance

Endowment Assurance

Jeevan Sathi Assurance

Contact: +92-21-99202800-9

Website: State Life Insurance Corporation of Pakistan

So, these are some of the best insurance companies in Pakistan. Go through their details and choose the one that suits your needs the most. Also, let us know why you think insurance is important for us. We would love to hear from you. Get to know home loan in Pakistan


None of the information published in this article should be construed as investment advice. We strongly advise our readers to always do their due diligence before investing in any project. It is the reader’s responsibility to know the laws regarding investments in their region. Get to know imran khan naya Pakistan housing scheme.

Also Read:

List of Banks Providing Home Loans In Pakistan

#buttons=(Accept !) #days=(7)

Our website uses cookies to enhance your experience. Learn More
Accept !