Best Life Insurance company in Pakistan

Top Insurance Companies in Pakistan

Best Life Insurance company in Pakistan: With the country’s economy improving and its middle class expanding, Pakistan’s insurance industry has been expanding at a healthy rate in recent years. The Insurance Ordinance of 2000 and the Insurance Companies (Nationalization) Act of 1974 both govern this sector. There are currently 34 registered insurance companies in Pakistan, and the Securities and Exchange Commission of Pakistan (SECP) oversees the insurance industry. Life insurance, health insurance, auto insurance, and fire insurance are just a few of the items that these businesses provide.

Everything You Need To Know About Life Insurance Investing

Because life insurance is a long-term investment, you cannot afford to place it in the incorrect location. Selecting a reputed and reliable provider is crucial when purchasing life insurance coverage. Although Pakistan has a few insurance providers, picking the best one can be challenging. Your choice should take into account both the company’s credibility and your needs and budget. Before purchasing a policy or entering into any arrangement, it is imperative to research the insurance provider. It is crucial to conduct research since it will ultimately be beneficial. First, carefully study the terms and conditions, whether you’re looking for auto insurance or personal/medical insurance.


Here is a list of the top 10 best life insurance companies in Pakistan, based on their financial strength, customer service, and product offerings:

  • State Life Insurance Corporation of Pakistan

State Life Insurance Corporation of Pakistan

State Life Insurance Corporation of Pakistan is the largest life insurance company in Pakistan, with a market share of approximately 70%. It was established in 1972 as a government-owned entity and has since become a leading provider of life insurance and investment solutions in the country.

State Life offers a wide range of life insurance products, including individual and group policies, investment plans, and microinsurance. Its policies are designed to meet the needs of individuals, families, and businesses at every stage of life.

State Life has a strong financial position and is rated AA+ by the Pakistan Credit Rating Agency (PACRA). It also has a wide network of branches and sales offices across the country, as well as a dedicated team of agents and customer service representatives to provide support to policyholders.

Overall, the State Life Insurance Corporation of Pakistan is a reputable and reliable choice for those looking for life insurance and investment solutions in Pakistan.

  • Jubilee Life Insurance Company

Jubilee Life Insurance Company

Jubilee Life Insurance Company is one of the leading life insurance companies in Pakistan, with a market share of approximately 10%. It was established in 1995 and is a subsidiary of the Aga Khan Fund for Economic Development.

Jubilee Life offers a wide range of life insurance products, including individual and group policies, investment plans, and health insurance. Its policies are designed to meet the needs of individuals, families, and businesses at every stage of life.

The company has a strong financial position and is rated AA+ by the Pakistan Credit Rating Agency (PACRA). It has a wide network of branches and sales offices across the country, as well as a dedicated team of agents and customer service representatives to provide support to policyholders.

Jubilee Life is known for its innovative products and services, including its mobile app and online portal that makes it easy for policyholders to manage their policies and claims. It also offers value-added services such as free medical check-ups and discounts at partner hospitals.

Overall, Jubilee Life Insurance Company is a reputable and reliable choice for those looking for life insurance and investment solutions in Pakistan.

  • EFU Life Assurance Ltd.

EFU Life Assurance Ltd.

EFU Life Assurance Ltd. is one of the leading life insurance companies in Pakistan, with a market share of approximately 9%. It was established in 1992 and is a subsidiary of the European Union.

EFU Life offers a wide range of life insurance products, including individual and group policies, investment plans, and health insurance. Its policies are designed to meet the needs of individuals, families, and businesses at every stage of life.

The company has a strong financial position and is rated AA by the Pakistan Credit Rating Agency (PACRA). It has a wide network of branches and sales offices across the country, as well as a dedicated team of agents and customer service representatives to provide support to policyholders.

EFU Life is known for its innovative products and services, including its mobile app and online portal that make it easy for policyholders to manage their policies and claims. It also offers value-added services such as free medical check-ups and discounts at partner hospitals.

Overall, EFU Life Assurance Ltd. is a reputable and reliable choice for those looking for life insurance and investment solutions in Pakistan.



  • Adamjee Life Assurance Company Limited

Adamjee Life Assurance Company Limited

Adamjee Life Assurance Company Limited is one of the top life insurance companies in Pakistan, with a market share of approximately 8%. It was established in 2000 and is a subsidiary of the Nishat Group, one of the largest business conglomerates in Pakistan.

Adamjee Life offers a range of life insurance products, including term, whole-life, endowment, and investment-linked plans. Its policies are designed to meet the needs of individuals, families, and businesses, and provide financial security and protection against unforeseen events.

The company has a strong financial position and is rated AA by the Pakistan Credit Rating Agency (PACRA). It has a wide network of branches and sales offices across the country, as well as a dedicated team of agents and customer service representatives to provide support to policyholders.

Adamjee Life is known for its customer-centric approach and innovative products and services, including its mobile app and online portal that makes it easy for policyholders to manage their policies and claims. It also offers value-added services such as free medical check-ups and discounts at partner hospitals.

Overall, Adamjee Life Assurance Company Limited is a reputable and reliable choice for those looking for life insurance and investment solutions in Pakistan.

  • TPL Life Insurance Ltd.

TPL Life Insurance Ltd.

TPL Life Insurance Ltd. is a leading life insurance company in Pakistan, offering a range of innovative and affordable insurance products to meet the diverse needs of its customers. The company was established in 2016 and is a subsidiary of TPL Corp, a diversified group with interests in insurance, real estate, and technology.

TPL Life Insurance offers a variety of life insurance plans, including term, whole-life, and investment-linked products. It also offers health insurance, travel insurance, and personal accident insurance. The company’s policies are designed to provide financial security and protection to individuals and families in case of unforeseen events.

TPL Life Insurance has a strong focus on customer satisfaction and offers a range of value-added services, including free medical check-ups, discounts at partner hospitals, and online policy management tools. The company has a strong financial position and is rated A- by the Pakistan Credit Rating Agency (PACRA).

TPL Life Insurance has a wide network of branches and sales offices across the country, as well as a team of dedicated agents and customer service representatives who provide support to policyholders. The company is known for its innovative and customer-centric approach, leveraging technology to offer a seamless and hassle-free experience to its customers.

Overall, TPL Life Insurance Ltd. is a reputable and reliable choice for those looking for life insurance and related products in Pakistan, with a strong track record of customer satisfaction and innovation.

  • Pak Qatar Family Takaful Ltd.

Pak Qatar Family Takaful Ltd.

Pak Qatar Family Takaful Ltd. is a leading family takaful provider in Pakistan, offering a range of innovative and shariah-compliant insurance products to meet the diverse needs of its customers. The company was established in 2007 as a joint venture between Pakistan’s largest Islamic bank, Meezan Bank, and Qatar Islamic Insurance Company.

Pak Qatar Family Takaful offers a range of life insurance plans, including term, endowment, and investment-linked products. It also offers health and savings plans, as well as group takaful plans for businesses and organizations. The company’s policies are designed to provide financial security and protection to individuals and families in case of unforeseen events while adhering to the principles of shariah.

Pak Qatar Family Takaful has a strong focus on customer satisfaction and offers a range of value-added services, including free medical check-ups, discounts at partner hospitals, and online policy management tools. The company has a strong financial position and is rated A+ by the Pakistan Credit Rating Agency (PACRA).

Pak Qatar Family Takaful has a wide network of branches and sales offices across the country, as well as a team of dedicated agents and customer service representatives who provide support to policyholders. The company is known for its shariah-compliant and customer-centric approach, leveraging technology to offer a seamless and hassle-free experience to its customers.

Overall, Pak Qatar Family Takaful Ltd. is a reputable and reliable choice for those looking for shariah-compliant life insurance and related products in Pakistan, with a strong track record of customer satisfaction and innovation.

  • Askari Life Assurance Company Ltd.

Askari Assurance Company Ltd.

Askari Life Assurance Company Ltd. is a leading life insurance provider in Pakistan, offering a range of insurance and investment products to individuals and businesses. The company is a subsidiary of the Army Welfare Trust (AWT) and was established in 1995.

Askari Life Assurance offers a range of insurance plans, including term, endowment, and investment-linked products. It also offers group life and health insurance plans for businesses and organizations. The company’s policies are designed to provide financial protection and security to individuals and families in case of unforeseen events.

Askari Life Assurance has a strong focus on customer satisfaction and offers a range of value-added services, including free medical check-ups, discounts at partner hospitals, and online policy management tools. The company has a strong financial position and is rated A+ by the Pakistan Credit Rating Agency (PACRA).

Askari Life Assurance has a wide network of branches and sales offices across the country, as well as a team of dedicated agents and customer service representatives who provide support to policyholders. The company is known for its customer-centric approach and has won several awards for its excellence in customer service.

Overall, Askari Life Assurance Company Ltd. is a reputable and reliable choice for those looking for life insurance and related products in Pakistan, with a strong track record of customer satisfaction and innovation.



  • Alfalah Insurance Company Limited

Alfalah Insurance Company Limited

Alfalah Insurance Company Limited is one of the leading insurance companies in Pakistan, offering a range of insurance and investment products to individuals and businesses. The company is a subsidiary of Abu Dhabi Group, which is one of the largest business groups in the Middle East and has a strong presence in the financial services sector.

Alfalah Insurance offers a range of insurance plans, including life insurance, health insurance, motor insurance, and travel insurance. It also offers a range of investment-linked products and savings plans. The company’s policies are designed to provide financial protection and security to individuals and families in case of unforeseen events.

Alfalah Insurance has a strong focus on customer satisfaction and offers a range of value-added services, including free medical check-ups, discounts at partner hospitals, and online policy management tools. The company has a strong financial position and is rated A+ by the Pakistan Credit Rating Agency (PACRA).

Alfalah Insurance has a wide network of branches and sales offices across the country, as well as a team of dedicated agents and customer service representatives who provide support to policyholders. The company is known for its customer-centric approach and has won several awards for its excellence in customer service.

Overall, Alfalah Insurance Company Limited is a reputable and reliable choice for those looking for insurance and related products in Pakistan, with a strong track record of customer satisfaction and innovation.

  • National Insurance Company Limited

National Insurance Company Limited

National Insurance Company Limited (NICL) is one of the oldest and largest insurance companies in Pakistan. Established in 1950, NICL offers a range of insurance products, including motor insurance, fire insurance, marine insurance, and health insurance. The company is a public sector organization and is owned by the Government of Pakistan.

NICL has a strong focus on customer satisfaction and offers a range of value-added services, including 24/7 customer support, online policy management tools, and a mobile app for policyholders. The company also offers a range of digital services, including online policy purchase and renewal, as well as electronic claim submission.

NICL has a wide network of branches and sales offices across the country, as well as a team of dedicated agents and customer service representatives who provide support to policyholders. The company is known for its strong financial position and is rated A by the Pakistan Credit Rating Agency (PACRA).

NICL has won several awards for its excellence in customer service and innovation, including the Best General Insurance Company award at the 2019 Pakistan Banking Awards. Overall, NICL is a reputable and reliable choice for those looking for insurance products in Pakistan, with a long-standing reputation for customer service and financial stability.

  • IGI Life Insurance Ltd.

IGI Insurance Ltd.

IGI Life Insurance Ltd. is a leading life insurance company in Pakistan that offers a range of insurance products, including term life insurance, critical illness insurance, health insurance, and retirement plans. The company was established in 2014 and is a joint venture between IGI Holdings and the South African Sanlam Group.

IGI Life is known for its innovative and customer-centric approach to insurance and has won several awards for its products and services. The company offers a range of digital services, including online policy purchase and management, as well as a mobile app for policyholders.

IGI Life has a strong financial position and is rated A- by the Pakistan Credit Rating Agency (PACRA). The company has a wide network of branches and sales offices across the country, as well as a team of dedicated agents and customer service representatives who provide support to policyholders.

Overall, IGI Life is a reliable and reputable choice for those looking for life insurance in Pakistan, with a strong focus on customer service and innovation.

It is important to note that this list is not exhaustive, and there may be other reputable life insurance companies in Pakistan that are not included here. When choosing a life insurance company, it is important to consider your individual needs and research the options available to you to find the best fit.


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