Best Insurance Company in Pakistan-Protect you from loss
Life is unpredictable, and we must always keep this fact in mind.
We often experience things that we did not expect, and most of the time, we are struggling to cope with these experiences because we have not made any plans for these things and we don’t know anything about them.
There is a lot of tension there!
In order to avoid mental and financial difficulties, we recommend that you provide financial guarantees in the form of insurance.
This article will focus on all important aspects of insurance. If you are someone who needs to know about insurance companies in Pakistan, then this article is for you.
But why all the hype surrounding insurance companies?
The concept of insurance is becoming more and more popular every day, especially in South Asia. In Pakistan, people are skeptical, and in most cases, they don’t understand insurance. It is very important that you know what kind of insurance you can provide, especially in today’s rapidly changing and ever-changing era.
Insurance is basically a way for you to transfer or mitigate your personal risks. When you get insurance, you transfer the responsibility for the loss to the insurance company (subject to certain terms and conditions).
The company mitigates the risk by spreading the risk to many people or companies. These people pay a certain insurance premium (a specified amount), which will be used to compensate for losses caused by various circumstances (such as fire, accident, illness or death).
Different insurance companies provide different types of insurance according to your needs and preferences. The main types of insurance include:
- Life insurance.
- Property insurance.
- Fire insurance.
- Liability Insurance.
- Guarantee insurance.
- Social Security.
But why should I buy insurance?
Let us understand this: Insurance provides long-term security.
As I mentioned before, life is unpredictable. You never know when you need financial help. Instead of relying on relatives and loans, it is a good idea to buy insurance for yourself.
Some of the main benefits of insurance are:
It provides you with financial protection, which means you don’t have to rely on external sources to make money.
It will give you peace of mind without worrying about the future.
This will allow you to mitigate risks.
In Pakistan, there are many insurance companies that provide insurance with simple terms. This article will discuss some major insurance companies in detail.
So let’s get started!
Contact insurance company website
- Jubilee Life Insurance Jubilee Life Insurance + 92-21-35205095 + 92-21-32120201
- EFU Life Insurance EFU Life Insurance + 92-21-111-338-111
- Adamji Insurance Company Adamji Insurance Company + 92-42-35772960-7
- Al Falah Insurance-Al Falah Insurance + 92-42-111-234-222
- Pakistan National Life Insurance Company Pakistan National Life Insurance Company +92-21-99202800-9
1. Jubilee Life Insurance
Silver Jubilee Life associates its brand with the word “happiness,” and for all the right reasons. Jubilee Life is widely known among the public for its excellent service and convenient terms and conditions.
Jubilee provides customers with the following insurance policies:
Personal life insurance (which can help you save money to meet the needs of your child, including his/her education, medical care and marriage).
Bancassurance (a one-stop shop that can meet all your banking, insurance and financial requirements).
Microinsurance (insurance policy specially designed to meet the needs of disadvantaged people).
Corporate insurance (insurance policy specially designed for the corporate world)
Online insurance
Family takaful (insurance policy should comply with the provisions of Sharia law).
Contact: +92-21-35205095, +92-21-32120201
Website: Jubilee Life Insurance
2. EFU Life Insurance
EFU Life Insurance began operations in 1992 and is the first private life insurance company in Pakistan. As we all know, EFU has the largest financial foundation in the private sector, with a paid-in capital of approximately US$1 billion. It is considered one of the best insurance companies in Pakistan.
EFU provides customers with the most value-for-money products. The company also provides you with a mobile application called EFU Life PlanIT. You can easily track your records and information through this application. EFU Life Insurance is the first life insurance company in Pakistan to obtain ISO certification.
Some of the main products provided by EFU include:
- Unit related products
- Critical disease products
- Educational Program Products
- Anti-inflation function
- Retirement plan
- Contact number: + 92-21-111-338-111
- Website: EFU Life Insurance
Learn about insurance companies in Pakistan.
3. Adamjee Insurance Company
The next insurance company on our list is Adamjee Insurance Company. AICL began operations on September 28, 1960 and is currently the largest general insurance company in Pakistan.
AICL is an international name and has operations in other regions such as the United Arab Emirates.
The company handles the following types of business:
- Engineering insurance
- Property and fire insurance
- Health insurance
- Marine insurance
- Car insurance
- Travel insurance
- Agricultural insurance
- Various insurances
- Guarantee financial status
- Liability
- Personal accident insurance
All insurance services provided by the company have passed IS0 9001 certification. In addition to this certification, the company has also obtained local and international recognition in the form of awards and certificates.
Contact number: + 92-42-35772960-79
Website: Adamjee Insurance Company
4. Al Falah Insurance Company
Al Falah Insurance Company, a subsidiary of the Abu Dhabi Group, is one of the newest companies in the city. The company operates in major cities in Pakistan, including Islamabad, Karachi and Lahore.
The company handles many types of insurance policies, including:
- Health insurance
- car insurance
- property insurance
- Marine Cargo Insurance
- Energy Insurance
- Engineering Insurance
- Various insurances
The Pakistan Credit Rating Agency (PACRA) recently upgraded the company to an “AA” rating. This category shows strong financial status and first-class service. Therefore, if you are looking for your own insurance policy, Al Falah Insurance Company should be on your list.
Contact number: + 92-42-111-234-222
Website: Al Falah Insurance
5. State Life Insurance Corporation of Pakistan
Pakistan State Life Assurance Corporation (Pakistan State Life Assurance Corporation) is a government agency that provides various insurance policies to its customers. It is one of the most famous insurance companies in Pakistan. In addition, among life insurance companies in Pakistan, National Life also ranked first.
It not only introduces individual policies, but also takes care of group plans.
Some of the personal plans provided by the company are:
- Life insurance.
- Donation guarantee.
- Shadabad Daman.
- Ensure early savings.
On the other hand, other types of insurance include:
- Jeevan Sati’s guarantee
- Ensure child protection
- Wealth Creation Plan
- Supplementary cover
- Health Plan
Interestingly, the state bank website also provides you with a variety of calculators that can be used to calculate insurance. The calculators provided on this website are:
Life insurance
Donation guarantee
Jeevan Satie’s guarantee
Contact number: + 92-21-99202800-9
Website: State Life Insurance Corporation of Pakistan
These are some of the best insurance companies in Pakistan. View its details, and then select the content that suits your needs. Also tell us why you think insurance is important to us. We would be happy to hear from you. Learn more about housing loans in Pakistan
