Top 10 Best Insurance Companies Pakistan 2022

Top 10 Best Insurance Companies Pakistan 2022

We face various tragedies in our life in terms of accidents, illness, and death. Usually, it happens suddenly, we don’t even plan for these tragedies. Because of the sudden loss, we have to struggle hard to cope with these tragedies. To protect and protect yourself from these unexpected accidents we recommend that you get financial protection in terms of the insurance. Pakistan is a country rich in culture, history, monuments, and tourism. You can read our blogs on Pakistan’s hilly places, Pakistan’s mountain ranges, and Pakistan’s deserts. In this article, we are going to discuss in detail what is insurance, and why should you get insurance. List the types of insurance as well. People are mostly curious about it.

How many insurance companies are there in Pakistan?

There are about 54 insurance companies, some of them offer non-life insurance, and some offer life insurance services.

What is insurance?

Basically, insurance means having a backup in case of any kind of loss. In this concept of insurance, we transfer the risk of our life, car, or health to companies by getting insurance. This means that we shift the liability of our loss to the insurance companies and accept their terms and conditions.

Why should you get insurance?

Insurance basically gives you protection. We never know what lies ahead in our lives and when we need help. So it is better to take a loan or depend on someone else to get our insurance. We list some major purposes of insurance:

  • It provides you with financial support.
  • It frees you from stressing about what’s going to happen next.
  • In case of death, it will help your family survive.
  • This will help you reduce the risk.

Types of Insurance

Do people often ask what are the types of insurance? Insurance companies provide you with different types of insurance as per your needs. These insurances include

  • Health insurance
  • Life Insurance
  • Motor insurance
  • Property insurance
  • Guarantee Insurance
  • Car insurance
  • Travel Insurance
  • Social insurance
  • Fire insurance
  • Liability insurance

There are many insurance companies in Pakistan that are providing the above-mentioned insurance policies with different terms and conditions. As you know AH Group is always there for you, so we have collected and compiled the data and brought you the list of insurance companies in Pakistan (secp). So before further delay let’s get started.

Company NameLocationPhone Number
1. Jubilee Life Insurance74 / 1 –A, Lalazar, M.T. Khan Road, Karachi(021) 111 111 554
2. Adamjee InsuranceADAMJEE HOUSE 80/A, Block E-1, Main Boulevard, Gulberg-III, Lahore+92 42 35772960-79
3. EFU General InsuranceEFU House, M.A. Jinnah Road, P.O. Box 5005, Karachi+92 21 32313471-90
4. State Life Insurance Corporation of PakistanPrincipal Office State Life Building No. 9, Dr. Ziauddin Ahmed Road, Karachi+92-21-99202800-9
5. Alfalah Insurance Company5-Saint Mary Park, Gulberg-III, Lahore+92 42 111-234-222
6. Askari General Insurance Company3rd Floor, AWT Plaza, The Mall, Rawalpindi+92 51 9272425-7
7. TPL Insurance11th Floor, Centerpoint, Adjacent، KPT Interchange, Qayyumabad, Karachi021 111 000 301
8. Alpha Insurance Company4th. Floor, Building No. 1-B, State Life Square Off I.I. Chundrigar Road, Karachi(92-21) 32416041-45
9. United Insurance Company (UIC)UIG House, 2nd Floor, 6-D, Upper Mall, Lahore(+92-42) 35776475
10. East-West Insurance Company27, Regal Plaza, Jinnah Road, Quetta(081) 2822913
11. Pak Qatar General TakafulSuite # 402-404, Business Arcade Plot 27/A, Block 6, P.E.C.H.S., Sharea Faisal, Karachi(0092)21 34380357-61

The above-mentioned companies are among the top 11 insurance companies in Pakistan in 2022.

1. Jubilee Life Insurance

Jubilee Life Insurance

Jubilee Life Insurance started incorporation as a public limited company on 29 June 1995. And started its business in Pakistan on 29 June 1995. It is the best insurance company in Pakistan. The company uses the word “joy” to represent, and for all the right reasons. It is considered one of the best life insurance companies in Pakistan. The insurance company is known for its easy terms and conditions, prompt services, and best insurance policies. The main objective of the company is to help people fight against uncertain situations. The head office of the company is located in Karachi. This company is also considered among the top 10 insurance companies in Pakistan in 2020.

2. Adam G. Insurance

Adami Insurance Companies in Pakistan

Adami Insurance was launched in Pakistan on September 28, 1960. It is known as one of the largest health insurance companies in Pakistan. This insurance company also provides its services to different countries like the United Arab Emirates. The company deals in various types of insurance. We list some of the major types of insurance that Adamji Insurance Company offers.

  • Motor insurance
  • Travel Insurance
  • Miscellaneous Insurance
  • Financial Lines Insurance
  • Fire and property insurance
  • Health insurance
  • Marine Insurance
  • Liability Lines Insurance
  • Agricultural Insurance
  • Personal accident insurance

The company is also awarded national and international recognition. The head office of the company is located in Lahore. The company has other branches in different cities in the country. If the growth of the company continues like this, it will not be wrong to say that the company will become one of the best life insurance companies in Pakistan.

3. EFU Life Insurance

EFU Life Insurance Companies in Pakistan

EFU Life Insurance started operating in Pakistan in 1932 as a Private Limited Company and started operations in 1992. It stands for Eastern Federal Union. EFU is known for being one of the most generous financial contributors in the private sector. It is considered one of the best life insurance companies in Pakistan. Also included in the top 10 insurance companies in Pakistan 2020. EFU has also launched a mobile phone application called “EFU Life PlanIT”. From this, you can easily know all kinds of information about insurance. EFU also holds the distinction of being the first ISO-certified company. They offer customers the best portfolio with the best value products. Some of the important products are mentioned below.

  • Education Planning Product
  • Product of serious illness
  • Inflation protection benefit
  • Products attached to the unit
  • Pension plans
  • EFU Life Insurance is headquartered in Karachi. Various branches of the company are spread across the country.
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4. State Life Insurance Corporation of Pakistan

State Life Insurance Companies in Pakistan

State Life Insurance is a company owned by the government and offers various types of insurance to consumers. The main objective of the company is to start a life insurance business and become the best insurance company in Pakistan. SLIC was started in Pakistan in 1972. The company is said to pay Rs 12 billion as shares to the government. It also deals with related business activities like the investment of policyholders, real estate, and stock exchange. The company provides various insurance plans to its customers. We are going to list the major insurance plans that the company offers.

  • Shabad Assurance
  • Assurance of expected endowment
  • Lifetime warranty
  • Endowment assurance
  • The head office of State Life Insurance Corporation of Pakistan is located in Lahore.

5. Al Falah Insurance Company

Al Falah Insurance Companies in Pakistan

Al Falah Insurance Company was established in 2006 in Pakistan. In a very short time, the company spread its branches in different cities of the country (Karachi, Lahore, Islamabad). Al Falah, Abu Dhabi’s largest group, also has a project. The list of various cities where the company has its branches is mentioned below.

  • Peshawar
  • Gujranwala
  • Sialkot
  • Multan
  • Hyderabad
  • Lahore
  • Karachi
  • Islamabad
  • Faisalabad

Al Falah Insurance Company is also a part of IAP (Insurance Association of Pakistan). FPCCI also awarded the Federation of Pakistan Chamber of Commerce and Industry for the first time in 2012 to Al Falah Insurance Company. The company is famous for its various insurance policies. We are going to list the policies that Al Falah Insurance Company offers.

  • Marine Cargo Insurance
  • Energy Insurance
  • Engineering Insurance
  • Health insurance
  • Motor insurance
  • Property insurance

The head office of the company is located in Lahore. Recently Pakistan Credit Rating Agency also rated Al Falah Insurance Company in the “AA” category. So, if you are looking for one of the best health insurance companies in Pakistan then Al Falah Insurance Company should top your list.

6. Askari General Insurance Company

Military Insurance Companies in Pakistan

Askari General Insurance Company, also known as AGICO, was launched in 1995. It is a private limited company operating under the supervision of the Securities and Exchange Commission of Pakistan (SECP). It is one of the first insurance companies in Pakistan to be listed on the Pakistan Stock Exchange. The company’s mission is to offer client-friendly services with cooperative and professional staff. The best thing about the company is the prompt services. Some of the services offered by Askari General Insurance Company include:

  • Bid online
  • Ask your health care provider.
  • Health Web Portal
  • Mail Track Systems
  • Enterprise Health Web Portal
  • Track your vehicle.

The company is also awarded a Certificate of Recognition, Corporate Excellence Award by the Management Association of Pakistan, and FPCCI Achievement Award Certificate by the Federation of Pakistan Chambers of Commerce and Industry. They offer the following types of insurance:

  • Travel Insurance
  • Health insurance
  • Motor insurance
  • Fire insurance
  • Marine Insurance
  • Engineering Insurance
  • Bond Insurance
  • Miscellaneous Insurance
  • Aviation Insurance

7. TPL Insurance

TPL Insurance Companies in Pakistan

These three words “Teamwork”, “Passion” and “Leadership” define TPL Insurance Company respectively. It was established in 2005 but in a very short span of time, it has grown to become one of the leading health insurance companies in Pakistan. TPL aims to provide 24/7 seamless and absolute insurance services to its valued customers. It is the first insurance company to launch an insurance customer app for consumers to get all the updates related to their insurance policy. Its values ​​include innovation, ethics, integrity, customer focus, and corporate social responsibility. The head office is located in Karachi, where several offices are located in major cities of Pakistan such as Karachi, Islamabad, Lahore, Multan, Faisalabad, and Hyderabad. Some of the insurance categories in which TPL specializes are listed below.

  • Home Insurance
  • Travel Insurance
  • Health insurance
  • Auto insurance
  • Property insurance
  • Business interruption insurance
  • Fire insurance
  • Marine Insurance
  • Cyber ​​insurance
  • The best thing about TPL is that they have the best tracker system, which is connected to the GPS locator and tracks your vehicle.
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8. Alpha Insurance Company

Alpha Insurance Companies in Pakistan

Alfa is a private sector insurance company established on 24 December 1951 in Karachi. It is a subsidiary of State Life Insurance Company. They have more than 100 branches all over Pakistan. The company believes in offering value-added services to its customers. State Life Insurance Company holds about 95% of the company’s shares. The company has a good reputation, people trust it is one of the oldest corporations on the list of insurance companies in Pakistan. We have some types of insurance policies that the company offers.

  • Property insurance
  • Marine Insurance
  • Motor insurance
  • Bonds Insurance
  • Machinery breakdown insurance
  • Fire insurance
  • Theft insurance

9. United Insurance Company (UIC)

United Insurance Companies in Pakistan

United Insurance Company was established in 1959. Now they have around 100 branches in Pakistan operating in various cities of the country including Abbottabad, Faisalabad, Bahawalpur, Gujranwala, Bahawalnagar, Gilgit-Baltistan, Karachi, Islamabad, and Lahore. UIC gives them a lot to rely on, some of the reasons being comprehensive products, tracker services, ISO certification, and a quick and easy claim settlement process. It is the fourth largest general insurance company in Pakistan which provides convenience to customers with a large list of insurance policies. Some of them are mentioned below:

  • Health insurance
  • Motor insurance
  • Travel Insurance
  • Livestock Insurance
  • Crop insurance
  • Engineering Insurance
  • Fire insurance
  • Marine Insurance
  • Business Insurance
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10. East West Insurance Company

East West Insurance Company was established in 1983. Being one of the most trusted insurance companies in Pakistan is due to its long-term association with valued customers. The company has amazing trackers that are integrated with a GPS locator. So it offers a separate GPS app to track directly from your mobile. They specialize in offering different types of insurance policies. Some of them are mentioned below:

  • Property insurance
  • Transportation Insurance
  • Travel Insurance
  • Marine Insurance
  • Fire insurance
  • Health insurance
  • Crop insurance
  • Auto insurance

So the above list of insurance companies in Pakistan (secp) is considered among the top 10 insurance companies in Pakistan, which are known for their quality services, friendly terms and conditions, and best insurance policies.

Last Word

Note: All the above companies are based on research and are not considered for investment. We recommend that you do thorough research on the companies and always advise our readers to do proper research before investing in any type of project. We shall not be liable for any damages whatsoever. Learn about construction companies in Pakistan

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