We much 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 fair clueless about them .
That ’ s a lot of stress properly there !
To save yourself from mental and fiscal distress, we advise that you get fiscal security in the shape of policy.
This article will focus on all the important aspects of insurance. If you are person who needs to know about indemnity companies in Pakistan, this article is for you .
But, Why all the Hype about Insurance Companies?
The concept of policy is getting democratic day by day, specially in South Asia. In Pakistan, people are disbelieving and in most cases, unaware of insurance. It is crucial to know inside out of insurance, particularly 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 province of your loss to the policy companies ( under sealed terms and conditions ) .
The companies further mitigate the risk by spreading it over a number of people or firms. These people pay a agio ( 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 indemnity, depending upon your needs and preference. major types of policy include :
- Life Insurance.
- Property Insurance.
- Fire Insurance.
- Liability Insurance.
- Guarantee Insurance.
- Social Insurance.
But, Why should I get Insurance?
Let ’ s get this square : insurance provides security in the long run .
As I already mentioned, life is unpredictable. You never know when you will be needing fiscal aid. alternatively of relying on relatives and loans, it is a estimable idea to get yourself insured .
Some of the major pros of indemnity 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 policy companies that are providing policy on slowly terms and conditions. Some of the major policy companies are thoroughly discussed in this article .
so, let ’ s get started !
1. Jubilee Life Insurance
Jubilee Life Insurance associates its brand with the bible “ happiness ” and that besides, for all the right reasons. Jubilee Life Insurance is known among the masses because of their especial services and easy terms and conditions .
Jubilee offers the comply policy 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 started its operations in 1992 as the foremost individual life insurance in Pakistan. EFU is known to have the largest fiscal base in the private sector with the highest-paid capital of around 1Billion. It is considered one of the best indemnity companies in Pakistan .
EFU offers its customers a diversify portfolio with the best respect products. The caller besides provides you with a mobile application, known as EFU Life PlanIT. You can well track your records and data through this app. besides, EFU Life Insurance is the beginning life indemnity company in Pakistan to be ISO certified .
Some of the major product offerings by EFU includes :
- Unit-linked products
- Critical Illness Products
- Education Planning Product
- Inflation Protection Benefit
- Pension Plans
Website: EFU Life Insurance
Get to know about insurance companies in Pakistan.
3. Adamjee Insurance Company
The following indemnity company on our tilt is Adamjee Insurance Company. AICL started its operations on 28th September 1960 and presently, it is considered to be the largest general insurance company in Pakistan .
AICL is an external identify, having its presence in early regions such as the United Arab Emirates .
The caller 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 indemnity services offered by the company are IS0 9001 certified. apart from this authentication, the company has besides received national and external recognition in the mannequin of awards and certificates .
Website: Adamjee Insurance Company
4. Alfalah Insurance Company
One of the latest players in township is Alfalah Insurance Company which is a venture of Abu Dhabi Group. The company is operating in all the major cities of Pakistan including Islamabad, Karachi, and Lahore .
The company deals in many kinds of policy 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 rat of the company, granting it the “ AA ” class. This class depicts a strong fiscal position and ace services. so, if you are looking for an insurance policy for yourself, Alfalah Insurance Company should be on your list .
Website: Alfalah Insurance
5. State Life Insurance Corporation of Pakistan
State Life Insurance Corporation of Pakistan is a government-owned body that is providing a variety show of indemnity policies to its clients. It is one of the most popular indemnity companies in Pakistan. besides, State Life tops the list when it comes to the liveliness policy companies in Pakistan .
It not only offers individual policies but it besides deals with group plans .
Some of the person 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 web site besides provides you with a solid diverseness of calculators that you can use to calculate indemnity. The calculators available on the web site are :
- Whole Life Assurance
- Endowment Assurance
- Jeevan Sathi Assurance
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. besides, let us know why you think policy 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 powerfully advise our readers to always do their due application before investing in any undertaking. It is the reader ’ south responsibility to know the laws regarding investments in their region. Get to know imran khan naya Pakistan housing dodge .