Top 7 Insurance Companies in Pakistan is going to be an informative blog. We usually pay no heed to this fact and thus do not plan our lives accordingly. Throughout over lives, we encounter different sudden tragedies such as illness, accidents, and death. These events are unforeseeable and, therefore, we are never ready to cope with such incidents.

Top Insurance Companies in Pakistan

In order to prepare yourselves for such calamities, we suggest you opt for a financial safeguard in terms of life insurance. There are many insurance companies in Pakistan, some of which are rated as the top insurance companies. But before we go into the details about such companies, let us dig deeper into the concept of insurance and its importance. This article aims to provide you all the information on ‘what is insurance?’, ‘Why should you get insurance?’, as well as the types of insurance.

What is Insurance?

Over time, the concept of insurance is gaining much popularity, especially in South Asia. In Pakistan, however, most of the population is unaware and skeptical about insurance. The contemporary era is modern and fast-moving in which each day comes up with new ideas and inventions. Being a part of this era, one must know about insurance and its importance in one’s life.

Insurance is defined as a method of transferring or alleviating your personal risk. By getting insurance, you transfer the responsibility of your physical or material loss to the insurance companies as per their terms and conditions. It is a backup to your loss.

The insurance companies mitigate your loss by spreading it over several people or organizations. As a result, they pay a set amount of money to compensate for your loss caused by an illness, accident, or death.

Why Is Insurance Important?

We are unaware and uninformed of what happens the very next moment.

Why Is Insurance Important

Therefore, it is better to get oneself insured rather than relying on others or taking loans. Below are some of the pros of self-insurance:

  • It offers financial backing so that you do not have to depend on any other source of money.
  • It releases your stress about your future.
  • It helps your family to survive in case of any death.
  • It helps in the mitigation of risks.

Types of Insurance:

As per your needs, there are different types of insurance, such as

  • Health Insurance
  • Life Insurance
  • Property Insurance
  • Guarantee Insurance
  • Car Insurance
  • Liability Insurance
  • Fire Insurance
  • Social Insurance

Top 7 Insurance Companies of Pakistan:

Pakistan has many insurance companies offering various insurance policies under different terms and conditions. Below is the list of those insurance companies of Pakistan that are ranked as the Top 9 Insurance Companies of Pakistan. So without further ado, let’s get started.

Jubilee Life Insurance:

Jubilee Life Insurance has been initiated on June 29th, 1995, as a public limited company and began its business in Pakistan. It is ranked highest in the list of the top 7 insurance companies in Pakistan for its exceptional insurance policies. The company represents itself with the word “Happiness” as it aims to spread happiness among the people.

Jubilee Life Insurance

The goal of Jubilee Life Insurance is to prepare people to tackle risks and uncertain conditions. The company is well-known for its simple terms and conditions, easy insurance policies, and quick response. You can visit pay a visit to the head office of the company that is in Karachi.

Jubilee Life Insurance offers the following insurance policies for its customers:

  • Online insurance
  • Family Takaful (as per the sharia laws).
  • Individual life insurance (to save money for the needs of your children such as their education, medical care, and marriage).
  • Bank assurance (for banking, insurance, and financial requirements).
  • Micro-insurance (to fulfill the needs of underprivileged people).
  • Corporate insurance (designed for the corporate world)

Contact: +92-21-35205095, +92-21-32120201

Adamjee Insurance:

Launched on 28th September 1960, Adamjee Insurance is one of the largest health insurance companies active in Pakistan. The company is known internationally and also offers its services to other countries like the United Arab Emirates.

Adamjee Insurance

Adamjee Insurance has won national and international recognition for its insurance services that are of the following types,

  • Motor Insurance
  • Travel Insurance
  • Miscellaneous Insurance
  • Financial Lines Insurance
  • Fire and Property Insurance
  • Health Insurance
  • Marine Insurance
  • Liability Lines Insurance
  • Agriculture Insurance
  • Personal Accident Insurance

The head office of the company is located in Lahore; however, the company has its regional offices in various cities. All the services that the company offers are IS0 9001 certified.

Contact: +92-42-35772960-79

EFU Life Insurance:

EFU is an abbreviation of Eastern Federal Union. Since 1992, EFU Life insurance has been operational in Pakistan and delivering its premium-quality insurance services. The company is mostly known for its generous financial support in the private sector and is ranked in the list of top 7 insurance companies in Pakistan.

EFU Life Insurance

EFU has the honor to be the first insurance company in Pakistan that is certified by ISO. The company offers the best portfolio with the best product for the customers.

Some of the offered products are listed below:

  • Pension Plans
  • Unit-linked products
  • Critical Illness Products
  • Inflation Protection Benefit
  • Education Planning Product

For the ease of the customers, EFU has launched a mobile application named “EFU Life PlanIT” through which you can get all the information about the insurance. The company has the head office in Karachi and many branches in various countries.

Contact: +92-21-111-338-111

State Life Insurance Corporation of Pakistan:

Launched in 1972, State Life Insurance SLIC is an insurance company owned by the government of Pakistan. The company pays Rs.12 billion as a share to the government. The objective of the corporation is to excel in the life insurance business and become the best life insurance company in Pakistan.

State Life Insurance Corporation of Pakistan

SLIC deals with various business activities such as investment of policyholders, real estate, and the stock exchange. The company offers different insurance plans (individual or group) on simple terms and conditions. They are,

  • Shad Abad Assurance
  • Anticipated Endowment Assurance
  • Life Assurance
  • Endowment Assurance

Other categories of insurance include:

  • Jeevan Sathi Assurance
  • Child Protection Assurance
  • Wealth Builder Plan
  • Supplementary Covers
  • Health Care Plans

You can get further details about the company by visiting its head office in Lahore.

Alfalah Insurance Company:

The foundation of Alfalah Insurance Company was laid in 2006. Since then, the company is striving to provide the best insurance services to the customers. Within a short period, Alfalah Insurance Company has spread its branches in various cities and is listed among the top 7 insurance companies in Pakistan. Also, Pakistan Credit Rating Agency has rated Alfalah Insurance Company as in the “AA” Category.

Alfalah Insurance Company

The corporation has its offices in the following cities:

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

Alfalah Insurance Company is also internationally recognized and is a part of the biggest Abu Dhabi Group. It is associated with IAP (Insurance Association of Pakistan). In 2021, FPCCI bestowed the very First Federation of Pakistan Chamber of Commerce and Industry to Alfalah Insurance Company.

Below are the policies offered by the company:

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

The company has its main office in Lahore.

Contact: +92-42-111-234-222

Askari General Insurance Company:

Askari General Insurance Company, also known as AGICO, is established in 1995. It is a private firm working under the authorization of the Securities and Exchange Commission of Pakistan (SECP). AGICO is progressing with a mission to provide customer-friendly services through a cooperative and responsible staff.

Askari General Insurance Company

The company has earned much fame throughout Pakistan and is awarded for 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.

Askari General Insurance Company is unexcelled in offering quick services to its customer.

Some of the services are listed below:

  • Online Bidding
  • Ask care Health
  • Health Web Portal
  • Track Your Vehicle
  • Mail Track Systems
  • Enterprise Health Web Portal

Below are the types of insurance offered by AGICO:

  • Fire Insurance
  • Misc Insurance
  • Bond Insurance
  • Travel Insurance
  • Health Insurance
  • Motor Insurance
  • Marine Insurance
  • Aviation Insurance
  • Engineering Insurance

TPL Insurance:

TPL Insurance is defined by the words “Teamwork”, “Passion”, and “Leadership”. Established in 2005, the company has taken itself to excellence and is ranked among the top 9 insurance companies in Pakistan.

TPL Insurance

The company intends to offer 24/7 smooth and absolute insurance services to its valued customers. TPL values invention, ethics, reliability, customer focus, and corporate social responsibility. It is the first insurance company in Pakistan that has launched a mobile app for clients to keep them abreast of the latest information about their insurance policy.

TPL specializes in the following insurance categories:

  • Fire Insurance
  • Auto Insurance
  • Home Insurance
  • Travel Insurance
  • Health Insurance
  • Property Insurance
  • Marine Insurance
  • Cyber Insurance
  • Business Interruption Insurance

TPL has a tracker system that can locate your vehicle through a GPS locator. The main office is located in Karachi, where multiple offices are situated in major cities of Pakistan like Islamabad, Lahore, Multan, Faisalabad, and Hyderabad.


Top 7 insurance companies in Pakistan deliver premium quality services to their customers on easy terms and conditions. These companies help mitigate your loss caused by unpredictable events such as accidents, illness, or death.

This article provides you with all the relevant information about the top 7 insurance companies in Pakistan so that you can easily get your insurance done.

Note: The details we offer about these insurance companies are based on research. We do not use the names of these companies for investment and selling purposes.