Best insurance companies in pakistan

Best insurance companies in pakistan

Insurance CompanyWebsiteContact
1. Jubilee Life InsuranceJubilee Life Insurance+92-21-35205095
+92-21-32120201
2. EFU Life InsuranceEFU Life Insurance+92-21-111-338-111
3. Adamjee Insurance CompanyAdamjee Insurance Company+92-42-35772960-79
5. State Life Insurance Corporation of PakistanState Life Insurance Corporation of Pakistan+92-21-99202800-9
Best 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.

Insurance companies provide risk management to individuals, businesses, and institutional clients through contracts. Although there are a multitude of different types of insurance companies, the basic principle is that the insurer guarantees payment or reimbursement in the event of losses for the insured. Thanks to pooled risk, insurers historically have been able to offer clients affordable rates in many cases. Insurance companies offer policies offering coverage for losses related to accidents, health, property, homeownership, professional liability, malpractice, and casualty, among other areas.

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

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.

List Best Insurance Companies in Pakistan 

  • 1: Jubilee Life Insurance
  • 2. EFU Life Insurance
  • 3. Adamjee Insurance Company
  • 5. State Life Insurance Corporation of Pakistan

1: Jubilee Life Insurance Best Insurance Companies in Pakistan

Jubilee Life Insurance Company Limited (the Company) was incorporated in Pakistan on June 29, 1995 as a Public Limited Company under the Companies Ordinance, 1984. Its shares are quoted on the Pakistan Stock Exchange Limited. The Company started its business on June 20, 1996. The addresses of its Registered and Principal office are 26-D, 3rd floor, Kashmir Plaza, Jinnah Avenue, Blue Area, Islamabad and Jubilee Life Insurance Building, 74/1-A, Lalazar, M. T. Khan Road, Karachi respectively.

The Company is engaged in life insurance, carrying on non-participating business. In accordance with the requirements of the Insurance Ordinance, 2000, the Company has established a Shareholders’ fund and following statutory funds in respect of each class of its life insurance business:

  • Individual Life Unit Linked
  • Conventional Business
  • Accident and Health
  • Overseas Group Life and Health Business
  • Window Takaful Operations

Jubilee Life has been assigned Insurer Financial Strength (IFS) rating of “AA+” (Double A Plus) with ‘Stable’ outlook by JCR-VIS Credit Rating Co. Ltd.

The Company is a subsidiary of Aga Khan Fund for Economic Development S.A. Switzerland.
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 Best Insurance Companies in Pakistan

In 1990, the Government of Pakistan reopened the life insurance business to the private sector organisations and EFU Life Assurance Ltd started operations in November 1992 as the first private sector life insurance company. In early 1993, EFU Life commenced its Group life insurance business and by March 1994, the company began writing its individual life business.

EFU offers its customers a diversified portfolio with the best value products. The company also provides you with a mobile application, known as EFU Life PlanIT. You can easily track your records and information through this app. Also, EFU Life Insurance is the first life insurance 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

Contact: +92-21-111-338-111

Website:  EFU Life Insurance

3: Adamjee Insurance Company Best Insurance Companies in Pakistan

Adamjee Insurance Company Limited (AICL) is the largest general insurance company in Pakistan, incorporated as a Public Limited Company on 28 September 1960 and is listed on Pakistan Stock Exchange Limited. AICL has a unique advantage of having regional presence in United Arab Emirates (UAE) and maintains its standing through an unwavering commitment to its corporate philosophy. AICL’s competitive advantage is achieved by having the largest paid-up capital and reserves, and a well-diversified business portfolio.

AICL is an international name, having its presence in other regions such as 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: State Life Insurance Best Insurance Companies in Pakistan

State Life Insurance Corporation of Pakistan is a government-owned body that is providing a variety of insurance policies to its clients. It is one of the most popular insurance companies in Pakistan. Also, State Life tops the list when it comes to the life insurance companies 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.

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