Top Life insurance companies in Pakistan List 2023 Updated

Life insurance companies in PakistanLife insurance companies in Pakistan

Life insurance companies in Pakistan

1.Jubilee Life Insurance, RHQ

Jubilee Life Insurance was chosen as the new name after a thorough research exercise. The word “Jubilee” is already well-known in the financial services market and is associated with “Happiness” which very much relates to our business. We therefore decided to give you the confidence of our strong presence in the market coupled with a promise to help you plan and realize your financial dreams to keep you and your loved ones happy at all times. With a global brand we will bring you global best practices in services and world class solutions to your financial needs.


Education Plans

Marriage Plans

Address:Bungalow # 245 /06/02/0 , Block 6 , P.E.C.H.S. Karachi-Pakistan.

Phone:+92 (21) 111-111-554 (JLI)

For more: Advertising companies in Pakistan

2.The United Insurance Company of Pakistan

Mr. Fakhruddin Valika, one of the then Leading Industrialists of Pakistan founded the United Insurance Company of Pakistan limited in the year 1959 with 20% equity from Pakistan Insurance Corporation (now Pakistan Reinsurance Company).

Mr. Fakhruddin Valika owned number of Industrial Projects including Valika Textile Mills Ltd., inaugurated in the year 1947 by the 1st Governor General of Pakistan, Right Honourable Quaid-e-Azam Muhammad Ali Jinnah. Mr. Fakhruddin Valika also owned a Steamship Company and was also on the Board of several commercial organizations including Muslim Commercial Bank Ltd. and Pakistan Insurance Corporation.

Mr. Fakhruddin Valika remained Chairman of the United Insurance Company right from 1959 till his death in December 1972.

Originally, United Insurance was authorized to do Life Assurance as well as General Insurance. The United Insurance Company had large network of branches through-out Pakistan – WEST PAKISTAN and EAST PAKISTAN (Now Bangladesh). In General Insurance Business the Company was doing special insurance Business such as Engineering (EAR, CAR, Machine Break-down and Bonds) Marine Hull, Aviation Hull, Hail Storm and loss of Profits.


Competitive Insurance Quotation.

Information about UIC products or UIC services.

Information about your Contracts & Insurance Policies.

Lodge a claim.

File a complaint.


Head Office: UIG House, 6-D, Upper Mall, Lahore, Pakistan.

Phone: 0800-84275,  (+92-42) 35776475 to 83, 042-35776485, (042) 111-000-014


For more: Packaging companies in Pakistan

3.Atlas Insurance Limited

The Company was founded in 1934 by Dr. Sir Muhammad Iqbal, Hakeem-ul-Ummat, and is one of the oldest insurance companies of Pakistan.

The Company was taken over by the Atlas Group in 1980. The Company has made steady progress since its acquisition by the Atlas Group. The equity of the Company has grown from Rs. 1.6 million in 1979 to over Rs. 3.707 billion in 2019, total assets having grown to over Rs. 7.034 billion and investments from Rs. 4.594 million to over Rs. 4.775 billion. Atlas Insurance Limited has very sound reinsurance arrangements with the leading reinsurers of the world including Swiss Re from Switzerland, Hannover Re from Germany, Tokio Fire & Nichido Marine, Sompo from Japan, Luban Re from Malaysia, Korean Re from Korea and Kuwait Re from Kuwait among others.

After obtaining license from Securities and Exchange Commission of Pakistan, the Company launched its Window Takaful Operations in March, 2016. Under the supervision of certified and experienced Shariah Advisor, the General Takaful products were designed. Takaful will help not only to cater the requirements of our existing clientele but also to reach out to new market segments.

Services:fire insurance

Marine insurance

Motor insurance

Miscellaneous insurance

Engineering insurance

Liability insurance

Travel insurance

Health insurance

Bond insurance

Address:Plot 63/A, Block-XX, Phase III, Khayaban-e-Iqbal, D.H.A., Lahore.

Phone:+92 (042) 111 245 000

Fax:+92 (042) 3713 2622

For more: Confectionery companies in Pakistan

4.SPI Insurance Company in Pakistan

SPI Insurance Company Limited is one of the top emerging insurance companies in Pakistan. We already succeeded in making SPI Insurance Company the highly rated insurance services provider in Lahore and Karachi. SPI offering general insurance services to its clients such as travel insurance, Motor insurance, health insurance, property insurance, marine insurance, fire insurance, miscellaneous insurance and engineering insurance. To us main purpose of insurance is to provide security to indemnified person, focusing on this point, SPI ensures the buyers’ needs and serves with exceptional services. We are offering variety of packages in every group of insurance.

We arranged online buying services for our customers, with latest technology in the field of Insurance any one can buy an insurance policy at any time and at any place. We believe in making long-lasting relationship with customers. SPI Insurance Company Limited be responsible for 24 hours customer support services and resolve the customers’ queries in an efficient way. The best part of SPI Insurance Company Limited is easy claim intimation process without any elongated documentation. SPI working hard for making its name at the uppermost in the list of best general insurance companies in Pakistan.

Services: health insurance

Car insurance

Home insurance marine

Fire insurance

Miscellaneous insurance

Engineering insurance

Takaful insurance company

Address:UGI house,6, street D,upper mall scheme, Lahore, pakistan


For more:  Mining companies in Pakistan

5.EFU Life Takaful Company

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.

Pioneers and industry leader in the Life Insurance Sector, our major developments during the years are;

Strongest Financial base in the private sector

Highest paid-up capital of Rs. 1 Billion

One of the leading Asset Managers in Pakistan

Diversified Portfolio offering Best Value Products

Launched the First Window Family Takaful Operations under the brand name ‘Hemayah’

Launched the First Mobile app – EFU Life PlanIT

The largest salesforce in the private Life Insurance sector

Introduced MPOS System to facilitate online payments

State of the art customer service

Prompt claim settlement

First life insurance company in Pakistan to be awarded the ISO 9001:2015 certification

“Insurer Financial Strength” rating of AA+, Outlook: Stable by VIS

EFU Life’s products are designed to meet the varying needs of EFU Life’s clients and offer the best in financial services.


Unit-linked Products

Critical Illness Products

Education Planning Product

Inflation Protection Benefit

Pension Plans

Address:EFU Life House, Plot No.112, 8th East Street, Phase 1, DHA, Karachi, Pakistan.

Phone: +92 21 111-EFU-HEM (111-338-436)

Fax: +92 21 34537519

For more: Biscuit companies in Pakistan


easyinsurance is an entrepreneurial venture that aims to digitize access to insurance by integrating technology with existing systems.

We make insurance easier to understand and help you make the right decision when choosing an insurance plan suited for your needs.

Compare and Buy plans online from Pakistan’s top insurance companies. Get quotes for Life, Health, Travel and Car insurance polcies and buy instantly online.


Car Insurance

Claim Assistance

Home Insurance

Motor Insurance

Study Plans

Travel Insurance

Vehicle Coverage

Address:Office 402, 4th Floor, Plot # 2 C, Lane #7, Bukhari Commercial Area, DHA Phase VI, Karachi


For more: Cyber security companies in Pakistan

7.Adamjee Insurance Company Limited

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 aims to deliver innovative customer solutions, owing to its wide-ranging line of products. Its employees are dedicated to delivering their best for its valued customers, trained with all the skills necessary for a truly outstanding customer service. The Company’s focus on strengthening and expanding its global presence is reflected in its tapping the growth potential available in the UAE market. AICL has life assurance operations under a separate entity namely, Adamjee Life Assurance Company Limited.


Engineering insurance

Travel insurance

Miscellaneous insurance

Health insurance

Fire & property insurance

Marine insurance

Motor insurance

Agriculture insurance

Financial insurance

Liability insurance

Personal accident insurance

Address:ADAMJEE HOUSE 80/A, Block E-1, Main Boulevard, Gulberg-III, Lahore – 54000

Phone: +92 42 35772960-79


For more: Event management companies in Pakistan

8.Trafco Insurance Company Limited

Trafco Insurance Company (TIC) was incorporated on 25th October, 1979 under section 23 of the Companies Act 1913 and engages in the non-life Insurance business of Fire, Marine, Auto, Engineering and Miscellaneous products.

The Head Office is located at TRAFCO House, Canal Bank Road, Canal Park, Gulberg-II, Lahore, Pakistan.

TIC is owned by TRAFCO GROUP OF COMPANIES IN 2015 Policies are acceptable by all financial institutions TIC provided a nurturing ground for local talent to prosper and develop. The seeds laid by this company bore fruit over years and now an industry which was barren of local talent and run by foreign personnel is steered by a huge magnitude of indigenous talent.

TIC’s main aim is to transform the insurance industry with the state of the art ERP solution keeping in view present and future customer needs. It aims to revolutionize the service standard through various measures such as bringing the system of claims and policies online:

 to be the insurer of choice both in the national and international market.

 we at TIC strive to provide comprehensive range of innovative insurance products and expert risk management solution.

 to deliver expert and innovative solutions through expert risk evaluation according to the customer needs and to work with passion, commitment, due diligence and latest technology to deliver an unparalleled standard of service.

Services:auto insurance

Fire insurance

Marine cargo 

Marine hull

Engineering insurance 

miscellaneous insurance

Crops insurance

Live stock

Travel insurance

Medical insurance

Bond business


TRAFCO HOUSE 1-C-1, Canal Bank Road, Canal Park, Gulberg 11, Lahore.


For more: Pesticides companies in Pakistan

9.State Life Abbottabad Zone

The Life Insurance Business in Pakistan was nationalized during March 1972. Initially Life Insurance business of 32 Insurance Companies was merged and placed under three Beema Units named “A”, “B” and “C” Beema Units. However, later these Beema Units were merged and effective November 1, 1972 the Management of the Life Insurance Business was consolidated and entrusted to the State Life Insurance Corporation of Pakistan.

State Life Insurance Corporation of Pakistan is headed by a Chairman and assisted by the Executive Directors appointed by Federal Government. Up to July 2000 the Corporation was run by Board of Directors constituted under Life Insurance (Nationalization) Order 1972. In July 2000, under Insurance Ordinance 2000, the Federal Government reconstituted the Board of Directors of State Life which runs the affair of this Corporation.


Individual life plans

Group life plans

pension plans

Insurance plans for gulf


Address: Building No. 9,

Dr. Ziauddin Ahmed Road, Karachi-75530

Phone: 021-99202800-9 Lines

Toll Free 0800-09099

For more: Agriculture companies in Pakistan

10.Askari General Insurance Company Limited

To be amongst the leading insurance companies of the country with the clear perception of upholding the principles of corporate governance and making agico a profitable and growth oriented insurance company while creating insurance awareness and culture.

To become a leading insurance company by providing client friendly services through highly motivated team of dedicated professionals and ensuring progressive return to the shareholders.

Innovation, Financial Strength and Client Centricity are the hallmarks of agico’s strategy. Putting quality before quantity enables us to achieve profitable, long-term growth. Thanks to this far-sighted strategy, we are faring exceptionally.

Services:track your vehicle

Online bidding

Health web portal

Enterprise health web portal

Policy verification

Askcare health

Mail track system



Employee emails

Address:3rd Floor, AWT Plaza, The Mall, Rawalpindi, pakistan



For more: Furniture companies in Pakistan

Tajinder Singh: