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List of Registered Insurance Companies Pakistan 2017

by Zaryyab Salman
Insurance Companies Pakistan

There are a lot working Insurance companies Pakistan, Some are registered from Govt. of Pakistan and others are making fool people and doing fraud with clients as well as state of Pakistan. So I am sharing Registered Insurance Companies Pakistan as under: –

Insurance Companies Pakistan

Non-Life Insurance Companies

1. Adamjee Insurance Company Limited**
2. Alfalah Insurance Company Limited**
3. Allianz EFU Health Insurance Limited
4. Alpha Insurance Company Limited
5. Asia Insurance Company Limited**
6. Askari General Insurance Company Limited**
7. Atlas Insurance Limited**
8. Century Insurance Company Limited
9. Chubb Insurance Pakistan Limited
10. Continental Insurance Company Ltd.
11.East West Insurance Company Limited
12. EFU General Insurance Limited**
13.Excel Insurance Company Limited
 14. Habib Insurance Company Limited
15. IGI Insurance Limited
16. Jubilee General Insurance Company Limited**
17. National Insurance Company Limited
18. New Hampshire Insurance Company Limited
19. Pak-Kuwait Takaful Company Limited
20. Pak Qatar General Takaul Limited
21. PICIC Insurance Limited
22.Premier Insurance Limited**
23. Reliance Insurance Company Limited**
24. SPI Insurance Company Limited**
25. Security General. Insurance Company Limited
26. Shaheen Insurance Company Limited
27. Silver Star Insurance Company Limited
28. Sindh Insurance Limited
29. Takaful Pakistan Limited
30. The Asian Mutual Insurance Company (Guarantee) Limited*
31. The Cooperative Insurance Society of Pakistan Limited
32. Trafco Insurance Company Limited (formerly The Credit Insurance Company Limited)
33. The Crescent Star Insurance Company Limited
34. The Pakistan General Insurance Company Limited
35. The United Insurance Company of Pakistan Limited**
36. The Universal Insurance Company Limited
37. TPL Direct Insurance Limited**
38. UBL Insurers Limited**

Reinsurance Companies

1. Pakistan Reinsurance Company Limited


Life Insurance Companies

1. Adamjee Life Assurance Company Limited**
2. Asia Care Health & Life Insurance. Company Limited
3. Dawood Family Takaful
4. East West Life Assurance Company Ltd.
5. EFU Life Assurance Limited**
6. IGI Life Insurance Limited**
7. Jubilee Life Insurance Company Ltd.**
8. Pak Qatar Family Takaful Limited
9.State Life Insurance Company Limited


1. Adamjee Insurance Company Limited**

Adamjee Insurance Company Limited (AICL) is a general insurance giant, incorporated as a Public Limited Company on September 28, 1960. AICL, one of the leading insurance companies in Pakistan, has a regional presence in United Arab Emirates (UAE) and maintains its standing through an unwavering commitment to its corporate philosophy. AICL’s competitive competency is achieved by combinations of voluminous assets, notable paid-up capital, sizable reserves, a varied portfolio and consequently, remarkable growth rates. AICL is listed with all three stock exchanges of Pakistan, establishing its credibility. The Company retains a strong regional presence in the UAE (Dubai and Abu Dhabi).
6th Floor, Adamjee House I.I. Chundrigar Road Karachi
Tel: +92-021-32412623-7, Fax: +92-021-32412627

2. Alfalah Insurance Company Limited**

Alfalah Insurance Company Limited, is one of the latest ventures of Abu Dhabi Group in Pakistan.
Alfalah Insurance started operations towards the end of 2006 and since then we have already established offices in major cities of Pakistan including:

* Lahore * Karachi * Islamabad * Faislabad * Peshawar * Gujranwala * Sialkot * Multan * Hyderabad

Paid up Capital of Alfalah Insurance Company Limited was Rs 230 million which was almost three times the minimum paid up capital requirement of Rs 80 million needed to establish a general insurance company in Pakistan.
5, Saint Marry, Main Boulevard Gulberg, Lahore
Tel: 111-786-234, Fax: +92-042-3584 4372
Web: www.alfalahinsurance.com

3. Allianz EFU Health Insurance Limited

Allianz EFU is Pakistan’s First specialized health insurance company. It was incorporated on May 15, 2000 as a joint venture of Pakistan’s largest insurance group, EFU with Allianz SE which is one of the largest composite insurers in the world with active presence across the globe. Together, Allianz and EFU bring over 190 years of experience to make quality healthcare accessible and affordable.
D-136, Block 4,KDA Scheme 5, Clifton Karachi
Tel: +92-021-111-432-584, Fax: +92-021-5864020
Web: www.allianzefu.com

4. Alpha Insurance Company Limited

Alpha Insurance Company Limited, A Subsidiary of  State Life Insurance Corporation of Pakistan the company is a public limited company incorporated in Karachi, Pakistan on December 24, 1951 under the Indian Companies Act VII of 1913. The Company is engaged in non-life insurance business comprising fire, marine, motor, health and miscellaneous. The registered Office of the Company is situated at State Life Building No. 1-B, I.I. Chundrigar Road, Karachi. The Company has 15 branches in Pakistan. The parent enterprise of the Company is State Life Insurance Corporation of Pakistan Limited holding 94% shares of the Company.
2nd Floor, State Life Building No. 1B Wallace Road, Off I.I. Chundrigar Road Karachi
Tel: +92-021-3241604-5,  Fax: +92-021-32419968, 3242 2478
Web: www.alphainsurance.com.pk

5. Asia Insurance Company Limited**

Asia Insurance Company Limited was established in 1979 as a Public Limited Company and commenced its business in 1980. The Company is listed and quoted on both the Karachi and Lahore Stock Exchanges. We are a composite Insurance Company which has been authorized by Security Exchange Commission of Pakistan to transact all classes of General Insurance business; Fire and Allied Perils; Marine Cargo; Marine Hull; Motor; Personal Accident; Travel Insurance; Agri Insurance; Cash in Transit and Safe; Machinery Breakdown; Guarantees and Bonds etc. The Company’s operational functions are split into seven departments, each of which is housed in the head office in Lahore. These include Underwriting, Claims processing, Accounts, I.T., Human Resources, Reinsurance and Internal Audit. Marketing and sales are carried out through the head office and a network of branches that extends throughout Pakistan. The entire branch network is connected to the Company’s IT system, which allows fluid, paperless operations in real-time.

Asia House, 19 C&D, Block-L Gulberg III Lahore
Tel: +92 42 35865574-8,042-35778820-21, Fax: +92-042-35865579
Web: www.asiainsurance.com.pk

6. Askari General Insurance Company Limited**

Askari General Insurance Company Limited, aka agico, an ISO 9001:2008 Certified Company was incorporated in 1995 with the vision to lead the market. She is a Public Limited Company (PLC) and is quoted on Pakistan Stock Exchange. She is registered and is supervised by Securities and Exchange Commission of Pakistan (SECP). Since then it has progressed by leap and bounds. Evangelizing the avenues of not only the conventional insurance but also Takaful, agico is a pioneer and a market leader in its own right in Health Insurance and constantly explores avenues to offer protection in the areas yet untapped.

4th Floor, AWT Plaza The Mall, Rawalpindi
Tel : +92-051-927 2425-27, Fax: +92-051-9272424
web: www.agico.com.pk

7. Atlas Insurance Limited**

The Company was founded in 1934 by Dr. Sir Muhammad Iqbal, the founder thinker of Pakistan, and is one of the oldest insurance companies of Pakistan.

The Company was taken over by the Atlas Group in 1980. From making loss in 1979, the Company has made steady progress and had since been making profits. The equity of the Company has grown from Rs. 1.6 million in 1979 to over Rs. 1.668 billion in 2014, total assets having grown to over Rs. 3.344 billion and investments from Rs. 4.594 million to over Rs. 1.869 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, Tokiio Fire & Nichido Marine and Sompo from Japan among others. [More]

3. Bank Square Shahrah-e-Quaid-e-Azam Lahore
Tel : +92-042-37320542-43, Fax : +92-042-3723 4742
Web: www.atlasinsurance.com.pk

8. Century Insurance Company Limited

Century Insurance Company Limited, a Lakson Group Company, was incorporated in Pakistan in 1985 as a public limited company and is quoted on the Karachi Stock Exchange and the Lahore Stock Exchange. It commenced general insurance business in 1989 and since then, by the grace of God, the company has maintained continuous growth. Century Insurance Company Limited is a progressive and customer centric company that believes strongly in establishing long-term relationships with its clients and reinsurers. Besides providing traditional insurance covers such as Fire, Marine, Motor and Engineering insurance, the company also provides expert risk management and advisory services.

11th Floor Lakson Square Building No. 3 Sarwar Shaheed Road, P.O Box 4895 Karachi
Tel: +92-021-35698525, (021) 35698000, Fax: +92-021-35671665 ,(021)35686571
Web: www.cicl.com.pk

9. Chubb Insurance Pakistan Limited

Chubb is the world’s largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.

The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

6th Floor, NIC Building Abbasi Shaheed Road off: Shahrah – e –Faisal Karachi
Tel: 111-789-789, Fax : +92-021-35683935
Web: www.acegroup.com

10. Continental Insurance Company Ltd.

The Continental Insurance Company Limited (CICL), has been incorporated under the Companies Ordinance, 1984 and operates under the Insurance Ordinance, 2000. The Company is currently an unlisted Public Company limited by shares. The Company was acquired by its existing group in 2010 for re-activation on professional lines. Accordingly, the new shareholders desire the Company to offer coverage for classes of general insurance business. CICL’s reputation is based on its specialized services in a niche market. CICL has been monitoring the contemporary industry developments that have the potential of a major impact on our corporate value, bottom line & strategy.

SuiteNo. 242-245, 2nd floor HotelMetropole Abdullah Haroon Road, Karachi
Tel: +9221-35223390-4, Fax: +9221-35223395

11.East West Insurance Company Limited

East West Insurance Company Limited appeared on the Horizon of Insurance Industry in Pakistan in 1983, Founded by late Mr. Unus Khan who was its first Chairman.Over the years the Company, with the help of its management and diligent staff, has successfully accomplished the essential task of gaining the good will and confidence of its policy holders as one of the leading Insurance Companies with a vast network of branches all over the country.

401-404, Block “B” 4th Floor Lakson Square Building No.3 Sarwar Saheed Road Karachi
Tel: +92-(021) 35630400-11, Fax; +92-021-32310821, (021) 35630414
Web: www.eastwestinsurance.com.pk

12. EFU General Insurance Limited**

  • The Company was incorporated on September 2, 1932. EFU General provides a full range of insurance services to fulfill the needs of all of its customers being commercial and individual clients. Our product portfolio includes:
    • Fire and Property Damage
    • Marine, Aviation and Transport
    • Motor
    • Miscellaneous
    • Value Added Services
    • Takaful
  • The shares of the company are quoted on Pakistan Stock Exchange.
  • EFU is one of the few Pakistani organizations run totally by professional management and highly motivated field force.
  • Policies accepted by all institutions in the country.
  • Rating: Insurer Financial Strength AA+, Outlook: Stable (Rating Agencies: JCR-VIS and PACRA).
  • Client-base comprises of many leading business houses and multinational companies.
  • EFU gave the emerging insurance industry the leadership, the manpower and the drive needed to grow in a situation where at one time, three-fourths of insurance was held by foreign companies.

EFU House, M.A. Jinnah Road Karachi
Tel: +92-02l-32313471-9, Fax: +92-021-32310450
Web: www.efuinsurance.com

13.Excel Insurance Company Limited

Excel Insurance Company Ltd at Insurance Companies – Find detail information like complete contact address, phone numbers, fax number, mobile number, email and website address of Excel Insurance Company Ltd at zarinews.com Business.

38-C- l,Block-6 P. E. C. H. S Shahrah – e – Faisal Karachi
Tel: 111-777-666, Fax: +92-021-34548076
Web: www.globemanagements.com

14. Habib Insurance Company Limited

Habib Insurance Company Limited is one of the pioneer projects of the Habib Group and was established in Bombay in 1942 with a paid up share capital of Rs. 2.5 million. After Partition in 1947, the Company relocated its head office to Karachi.

Through the years, Habib Insurance Company Limited has consolidated itself, raising capital through the issuance of bonus shares and has established itself as one of the leading insurance companies in Pakistan. Our focus is on Fire, Marine, Motor, Engineering and Miscellaneous insurance.

Habib Square M.A. Jinnah Road Karachi
Tel: 111-03-03-03, Fax: +92-021-35693676
Web: www.habibinsurance.net

15. IGI Insurance Limited

GI is a public listed general insurance company (KSE: IGIIL) founded in 1953. Being part of the Packages Group, IGI is the largest insurance company by market capitalization. Headquartered in Karachi, IGI has offices in 8 cities nationwide and offers a wide range of general insurance products including Fire, Motor, Marine, Travel, Health Personal Accident and Home Insurance. Financial strength rating: ‘AA’ by Pakistan Credit Rating Agency (PACRA).

7th Floor, The Forum, Suite 701-703, G-20 Block 9, Khayaban-e-Jami. Clifton, Karachi
Tel: +92-021-35301726-8. 111-234-234, Fax : +92-021-35301729, 3530 1772
Web: www.igiinsurance.com.pk

16. Jubilee General Insurance Company Limited**

Jubilee General Insurance Company Limited has entered its sixty third year marking a legacy of over six decades of living by its core values, namely; Teamwork, Integrity, Excellence and Passion.

Since its’ establishment in 1953, Jubilee General has maintained its presence as the most prominent company launching innovative products and new initiatives in the insurance industry. It has established itself as one of the most reputed and brightest names of the sector. Sustained growth and evolution has secured Jubilee General as one of the “Big Three” insurers of Pakistan in terms of gross direct premium and financial base.

2nd Floor, Jubilee Insurance House I.I. Chundrigar Road Karachi
Tel : +92-021-32412628,021 111-654-111, Fax: +92-021-32416728
Web : www.jubileegeneral.com.pk

17. National Insurance Company Limited

National Insurance Company Limited was incorporated in Pakistan On 31st March 2000 as an unquoted public limited company under the Companies Ordinance 1984 through NIC (Reorganization) Ordinance 2000.

Major Objectives of National Insurance Company Limited

  • To provide insurance cover to the Government/Semi Government organizations at economical cost.
  • To reduce outflow of foreign exchange by reducing dependence on reinsurance abroad
  • To make significant contributions to public exchequer by payment of taxes & dividends. 
  • To make prudent investments in public as well as private sector in order to obtain maximum returns.

NICL Building. Abbasi Shaheed Road, Karachi
UAN: 111-642-642 ,021-99225547, Fax: +92-021-9225633
Web: www.nicl.com.pk

18. New Hampshire Insurance Company Limited

Be reassured that serving our Multinational clients is a top strategic priority for AIG, and we continue to invest in our best in class capabilities. AIG will continue to provide Commercial and Consumer services to our Multinational Clients through our preferred strategic network partner in Pakistan.
AIG carefully selects partners and they are vetted from a financial, legal and credit perspective to ensure we have the right partner to carry the business forward. Any network partner selected will have been fully vetted to ensure:

  • They have product capabilities;
  • They are financially sound;
  • They are in good standing with local regulators;
  • They are committed to superior service standards matching our own (guaranteed by service-level-agreements);
  • They cooperate with AIG on claims handling; and
  • They are reinsured by AIG

AIG is proud of our network of strategic partners. They offer our clients access the expertise of a local insurer, backed by the financial strength of AIG.

First Floor, Dadex House, Block 6, PECHS, Karachi
Tel: 111-111-244 92-21-35205443-44, Fax: +92-021-35634022 ,92-21-34169013
Web : www.chartisinsurance.com.pk

19. Pak-Kuwait Takaful Company Limited

Pak Kuwait Takaful Company Limited is the first Islamic insurance company in Pakistan making it the most experienced and financially strong Takaful operator. Pak-Kuwait Takaful believes in promoting the cause of Takaful as well as promoting the insurance business in a Shariah Compliant way all over Pakistan, with  paid up capital of Rs. 400 million and an authorized capital of Rs. 500 million, along with the financial strength and backing of our foreign and local equity partners.

4th Floor Block A, FTC, Shahrae Faisal, Karachi
Tel: +92-021-35630707-16, Fax: +92-021-35630699
Web: www.pktcl.com

20. Pak Qatar General Takaul Limited

Amongst the pioneers of Takaful in Pakistan, Pak-Qatar General Takaful Limited offers a comprehensive products’ portfolio for the national Takaful market. We are striving to provide quality financial services, need-based and tailored to cater to customized circumstances, with all efforts being made in line with the Group’s vision and mission in a bid to provide everyone with the benefits of Takaful.

Suite# 402 – 403, Business Arcade, Block 6, PECHS Sharae Faisal, Karachi
Tel: +92-021-34380357-61, 111-825-328, Fax: +92-021-34386453
Web: www.pakqatar.com.pk

21. PICIC Insurance Limited

PICIC Insurance Limited is a general insurance company dealing with all classes of general insurance business. It’s paid up capital is Rs. 350 million, and Gross Written Premium for the year 2015 is Rs. 402 million and for the period ended 31 March 2016 is Rs. 11 million.

With the support of our existing and prospective clients, we are heading towards becoming one of the largest insurance companies in Pakistan in the upcoming years.

PICIC Insurance is determined to provide excellent services in all classes of Insurance and provide best guidance to our clients. We have professional expertise to identify various risk exposures and then provide professional advice along with specific innovative insurance products, backed by personalized and high quality service. With our state of the art IT system, it enables us to provide excellent, prompt and error free service, both in terms of underwriting and delivery of insurance documents and claims processing.

1204,12th Floor Emerald Tower Clifton, Block 5, Karachi
Tel: +92-021-32219555-60, Fax: +92-021-32219561 ,92-21-35147656
web www.picicinsurance.com

22.Premier Insurance Limited**

1952 – Zahid Hussain, the 1st Governor of the State Bank of Pakistan brought together leading industrialists of the newly established country realising the need for a Pakistani insurer – a crucial component for a young, bourgeoning economy. This event set into motion the conception of Premier Insurance, a company with a vision of serving the nation.

5th Floor, State Life Building No 2-A Wallace Road, P.O Box No 4140 Karachi
Tel : +92-021-32416331-4, Fax: +92-021-32416572
web: www.pil.com.pk

23. Reliance Insurance Company Limited**

Information Not Available

Reliance Insurance House 181 – A Sindhi Muslim cooperative – Housing Society, P.O Box No 13356 Karachi
Tel: +92-02l-34539415- 17, Fax : +92-021-34539412 ,9221-4539412
Web : www.relianceinsins.com

24. SPI Insurance Company Limited**

SPI Insurance Company Limited has been made aware of a new phishing scam targeting SPI Insurance Company Limited’s Official Website and Travel Concern Users with fraudulent web pages ( travel.spiinsurance.com & spiinsurance.com) similar to original Travel portal and company website (travel.spiinsurance.com.pk & spiinsurance.com.pk) . This scam attempts to lure customers to a fraudulent web site to input user credentials that might be unlawfully used by the scammer.
Please Note:

  • Do not use URL travel.spiinsurance.com or www.spiinsurance.com
  • Clear your browsing history
  • Always verify the correct URL travel.spiinsurance.com.pk while issuing policies
  • If you notice you have used travel.spiinsurance.com before, immediately change your password

In case of any confusion or further inquiries please contact IT Help desk at:

204-A, 2nd Floor, Madina City Mall, Abdullah Haroon Road, Karachi
Tel: +92-021-32418430 ,042-35776567-68, Fax # +92 (021) 37010191 ,042-35776560
web: http://spiinsurance.com.pk/

25. Security General. Insurance Company Limited

At Security General we understand that you want an insurance solution tailored to your unique situation and backed by outstanding claims service. We also know that value and convenience are important to you. Delivering the right coverages and the right amount of protection for your personal insurance needs is where SGI really shines. Our experts can tailor an insurance solution for you with the personal attention you deserve.

SGI-House, 1 8-C/E-1 Gulberg-Ill, Lahore
Tel : +92-042-35775024-29, Fax : +92-042-35775030

26. Shaheen Insurance Company Limited

Shaheen Insurance is a project of Shaheen Foundation set up by Pakistan Air Force and was incorporated as a public limited company in 1996 under Companies Ordinance 1979 and is involved in general insurance business. The Shaheen Foundation (PAF) now holds the major shareholding of the company.

We are a public limited company and are listed at all the three stock exchanges of Pakistan. The Company started its operation with an initial paid-up capital of Rs.20 million which at present is Rs 400 Million. Our equity base is increasing every year since we started our operations. As from its inception, the Company’s performance remained excellent despite various ups & downs through the years.
10th Floor, Shaheen Complex I.R. Kayani Road Karachi
Tel: +92-021-32630370-75, Fax: +92-021-32626674
Web: www.shaheeninsurance.com

27. Silver Star Insurance Company Limited

Under Development

Silver Star House, 2nd Floor 5- Bank Square, Lahore
Tel: +92-042-37324488, Fax: +92-042-37229966
Web: www.silverstarinsurance.com

28. Sindh Insurance Limited

Wholly owned by Government of Sindh, Sindh Insurance Ltd was incorporated in December,2013 with its registered head office in Karachi. With an authorized and paid up capital of Rs.500 million, all fully paid – up, the company is sponsored by Government of Sindh. Sindh Insurance Limited is registered as non- Life Insurance Company with Securities and Exchange Commission of Pakistan from August, 2014 and has been licensed to transact all classes of non-life insurance business.

Tel: +92 021-35640715-17, Fax: +92-021-35640714
Web: www.sindhinsuranceltd.com

29. Takaful Pakistan Limited

Takaful Pakistan Limited was incorporated in June, 2006 with its registered head-office in Karachi. With an authorised capital of Rs. 300 million, all fully paid-up, the Company is sponsored by reputable financial institutions both local and foreign.
Plot No 19-1-A, 6th Floor, Business Centre Block -6, P.E.C..H S, Shahrah-e-Faisal, Karachi
Tel: 021-111-875-111,021-3437 3171-80, Fax: +92-021-34373195-6
Web: www.takaful.com.pk

30. The Asian Mutual Insurance Company (Guarantee) Limited*

The Asian mutual Insurance Company (Guarantee) Limited was formed and incorporated in 1951 under the Indian Companies Act (VII of 1913) as adopted by the Government of Pakistan. The Company is limited by Guarantee. The main object of the Company was to carry on in Pakistan and elsewhere insurance business and all kinds of guarantee and indemnity business. The Company carried on its business in the country to the entire satisfaction of all insured. The management changed hands under the law without hurting the interest of its members and insured.

The present management took over the affairs of the Company legally under the Memorandum and Articles of Association of the Company in the year 1992. Ever since the management changed hands the overall business of the Company has shown good performance and has the satisfaction of sound financial position. The Company provides quality insurance services and Guarantees to the entire satisfaction of its customers and members. Our motive is to provide cost effective insurance cover to our clients. We follow and have adopted the statement of Ethics and Business practices.

1-Punj Mahal Road, off. 68 Mozang Road. Lahore
Tel: +92-042-36312721, Fax: +92-042-36315989
Web: www.asianmins.com

31. The Cooperative Insurance Society of Pakistan Limited

After Independence most of insurance companies were shifted to India or other foreign countries by closing their operation in Pakistan. At that time insurance cover was not available for Cotton & Jute, the major produts

Cooperative Insurance Building, 23-Shahrah-e-Quaid-e-Azam, Lahore.
Tel: +92-042-37352306,37242798/10 Lines, Fax: +92-042-37352798
Email: www.coinsopl.com

32. Trafco Insurance Company Limited (formerly The Credit Insurance Company Limited)

The legacy of TRAFCO started with its first venture, TRAFCO Logistics, in 1984 and has been our prized possession and foundation stone based on which we managed to develop and become what we are today. With its operations spread across the country and internationally too, TRAFCO Logistics can be positioned as one of the leading International Logistic support company in Pakistan.

With the success of one venture, our Group initiated and launched a company by the name of TRAFCO Tracking (Pvt.) Ltd. in the year 2006. In the past 9 years we have become one of the best and largest Tracking Company operating within Pakistan. At this point of time we are looking after a fleet of more than Thirty Thousand vehicles for the purpose of fleet management and vehicle security. All leading banks rely on our expertise to secure their assets. Furthermore, we are the only company which is fully equipped to “Track”, “Secure” and “Optimize” performance of both moveable (Trucks, Cars, Tractors, motorbikes etc.) and non-moveable (Office/Home Generators, Office management etc.) assets.

The Credit Insurance Company (CIC) was brought into existence in the year 1957 but TRAFCO Group of Companies took over its operations in 2014. CIC is enlisted with SECP. CIC offers tailor made insurance solutions for its customers. Our indigenous teams are especially selected to provide full risk assessment and effective decision. CIC along with its partners believes in quality. Therefore, we always deal with “A” rated reinsurers to guarantee peace of mind for our customers.
2nd Floor, 1-C-1, Trafco House, Canal Bank Road, Canal Park, Gulberg-II, Lahore
Tel: 042-35760906,(042) 35871173, Fax: 0423-5871166-688,042-35871172
Email: (www.creditinsurance.com.pk/trafco)info@trafcoinsurance.com.pk

33. The Crescent Star Insurance Company Limited

Crescent Star Insurance Limited is a registered insurer with the Securities & Exchange Commission of Pakistan with a paid up capital of PKR. 827 million. The company is listed on the Karachi and Lahore Stock Exchanges. It is also a member of Insurance Association of Pakistan (IAP).

The Pakistan Credit Rating Agency (PACRA) has upgraded the Insurer Financial Strength (IFS) rating of Crescent Star Insurance Limited (CSI) to “A-” (Single A minus) [Previously “BBB+” Triple B plus]. The rating denotes strong capacity of the company to meet policyholder and contractual obligations.

CSI was established in 1957 and enjoys a credible reputation in the insurance industry of Pakistan. Since its inception, CSI has been underwriting general insurance business of Motor, Health, Fire, Marine, Engineering, Travel, Livestock & Crop and Miscellaneous all across Pakistan.

2nd Floor, Nadir House l.l.Chundrigar Road Karachi
Tel: +92-021-32415471-3, Fax: +92-021-3241 5474-5
Web: www.cstarinsurance.com

34. The Pakistan General Insurance Company Limited

Two months after the Independence of Pakistan, in October 1947 a group of well renowned and highly motivated Muslim League party members established The Pakistan Life and General Insurance Company. The organization was the first insurance company to be incorporated in Pakistan.

In 1972, the Government of Pakistan nationalized various financial sectors including Life Insurance; thus the life sector was separated from The Pakistan Life and General Insurance Company. The conglomerate’s name was thus changed to The Pakistan General Insurance Company Ltd.
5-Bank Square Shahrah-e-Quaid.e-Azam Lahore
Tel : +92-042-3732 3569, 042-37223224, Fax : +92-042-3723 0634
Web: www.pgi.com.pk/web/home

35. The United Insurance Company of Pakistan Limited**

The United Insurance Company of Pakistan Limited was established in the year 1959 on the Twentieth day of October. It was operational in Pakistan including East Pakistan (now Bangladesh). UIC operating more than 100 branches all over Pakistan. UIC doing General business including Group Health Insurance, Travel Insurance (Health), Travel Bonds & Guarantees, Livestock and Crop Insurance.

204, 2nd Floor, Madina City Mall Abdullah Haroon Road, Saddar, Karachi
TeI: +92-042-3636 1471,042 35776475-83, Fax : +92-042- 35776486 & 35776487
Web: www.theunitedinsurance.com

36. The Universal Insurance Company Limited

We are in the business of providing a full range of non-life insurance products and services customized to meet the varied needs of a wide spectrum of business and industrial clients as well as individuals, providing Property, Marine/Aviation, Motor and other Miscellaneous products. The most important aspect of our operation is that we have created a separate Risk Management Team and an Engineering Group who work closely with clients to identify various risk exposures and then provide specific insurance. This helps in loss prevention and reducing the cost of premium. Our market-driven team of inspired and technically qualified insurance personnel, specializing in civil, mechanical, metallurgy, electronics and having overseas linkages, is on-call for necessary professional advice at all times. It is our policy not only to provide protection and risk reduction but help clients develop preventive capabilities to avert major perils and calamities.

Universal Insurance House 63 – Shahrah-e-Quaid-e-Azam Lahore
Tel: +92-042-37353453,042-37353315, Fax: +92-042-37230326
Web: www.uic.com.pk

37. TPL Direct Insurance Limited**

TPL Direct Insurance is the first insurance company in Pakistan to sell general insurance products directly to the consumer. We launched in 2005 and since then have grown from strength-to-strength, delivering superior and hassle-free risk management services to individual clients. In 2015, we partnered with Greenoaks Global Holdings Limited (GGH), who acquired a 69.2% stake in our business. The relationship has bolstered our position in the market, with robust and sustainable financial backing, administration processes and technology-driven innovation that reinforces our ability to lead the way in the insurance industry in Pakistan.

12th Floor, Centerpoint Off: Shaheed-e-Millat Expressway Near KPT Interchange Karachi – 74900
Tel: +92-021-34322555,021-37130223, Fax: +92-021-34322515,021-35316031-2
Web: https://www.tplinsurance.com

38. UBL Insurers Limited**

UBL Insurers Limited provides general insurance. It offers marine cargo insurance (ocean marine), inland marine cargo insurance, private car policy and commercial vehicle comprehensive policies, motor cycle comprehensive policies, fire and allied perils insurance, hotels owner’s all risk insurance, electronic equipment insurance, erection all risk insurance, and machinery breakdown insurance. The company also provides public and products liability, employers liability, fidelity guarantee insurance, and directors and officers liability insurance; contractor’s all risk insurance that include material damage and third party liability; and home insurance that covers fire, lightning, explosion, burglary, house breaking, earthquake, storm, tempest and flood, bursting and overflowing of water tanks, aircraft damage, impact (collision) damage, riot and strike damage, and malicious damage. In addition, it offers insurance that cover comprehensive protection against accidental death, total and permanent disablement, partial disablement, temporary total disablement, and temporary partial disablement caused by an accident, by visible, and violent means; travel insurance that protects from additional expenses in terms of medical and hospitalization while travelling any where in the world; and health insurance. The company is based in Karachi, Pakistan with branches in Karachi, Lahore, Faisalabad, Multan, Islamabad, Hyderabad, and Bahawalpur, as well as a sub-office in Peshawar. UBL Insurers Limited operates as a subsidiary of United Bank Ltd.

126 – C, Jami commercial, Street no.14, Phase – VII, DHA, Karachi
Tel: 111-845-111, Fax: +92-021-32463117,021-35314504
Web: www.ublinsurers.com

50 Most Popular Websites in Pakistan

Reinsurance Companies

1. Pakistan Reinsurance Company Limited

Pakistan Reinsurance Company Limited is a public sector company under the administrative control of the Ministry of Commerce. The company is headed by a Chairman with a nine member Board of Directors. Seven members of this Board are nominated by the Federal Government while others are elected from the business community enjoying excellent business credentials.In addition, the management is supported by a strong team of professionals who handle the business affairs of the company.

Pakistan Reinsurance Company Limited’s Role in Economic Development

The role of PRCL in economic development of Pakistan is significant. PRCL awareness of increasing requirements of insurance and reinsurance of a progressive economy is making great efforts in coming up to national expectations. This progress signifies the consolidation of the position, both at home and abroad, encouraging further expansion.

The voluntary cession to PRCL provides attractive and competitive terms to the local insurance Companies.

International Cooperation/ Business Relations
  Pakistan Reinsurance Company Limited is actively collaborating and participating with its international counterparts in the field of insurance and reinsurance. This is being achieved  under the aegis of Economic Cooperation Organization (ECO) with the object of reducing the outflow of foreign exchange and improving the standard of insurance and reinsurance services in the region. Pakistan Reinsurance Company Limited has been one of the pioneers and founder members of the Federation Afro-Asian Insurers and Reinsurers (FAIR).

PRC Towers, 32 – A, Lalazar Drive, M.T. Khan Road, Karachi
Tel: +92-021-99202908-14, Fax: +92-021-99202921-22
Email: prcl@pakre.org.pk, Web: www.pakre.org.pk

Life Insurance Companies

1. Adamjee Life Assurance Company Limited**

The formation of Adamjee Life is a result of the partnership between Adamjee Insurance and Hollard, South Africa. Both partners are well established and have a glorious legacy of providing to quality need based insurance product and services to the Pakistani market for over 60 years. The local market knowledge and international product and servicing expertise gives Adamjee Life valuable consumer and market insight and the capability to provide comprehensive solutions to the client’s insurance product and servicing requirements.

Adamjee Life is backed by Nishat Group, which is one of the leading and most diversified business groups in South East Asia with fixed/current assets of over Rs. 500 billion (US$ 5 billion), it ranks as the top business house of Pakistan. The group has strong presence in three most important business sectors of the region namely Textiles (Nishat mills, Nishat Linen), Cement (D.G. Khan Cement) and Financial Services (MCB), (Adamjee Life Assurance Co. Ltd.) and (Security General). In addition, the Group also has reasonable market share in Aviation (Pakistan Aviators) Power Generation (Nishat Power Ltd.), Paper products (Nishat Shoaiba Paper Mills) and Aviation (Pakistan Aviation and Aviators Ltd.).
The Forum, Suite No. 301, 3rd Floor, Plot G-20, Block 9, Clifton, Karachi
Tel: +92-021-35362620-3, Fax: +92-021-3562621
Web: www.adamjeelife.com

2. Asia Care Health & Life Insurance. Company Limited


T15-C, 17-C 2nd Floor, Commercial Lane No. 5, Zamzama Phase 5 DHA,Karachi
Tel:+92-021-35302072-5,021-35302066-8, Fax: +92-021-35302076
Web: www.asiacare.net

3. Dawood Family Takaful

Dawood Family Takaful Limited (“DFT”) was incorporated in Pakistan as an unquoted public limited company on 4 May 2007 under the Companies Ordinance, 1984 bearing registration number K – 0060797. The Company received the certificate of registration on 16 May 2008 having registration number 5 under the provision of Section 6 of the Insurance Ordinance, 2000.
1701-A Saima Trade Towers, I.I. Chundrigar Road,Karachi
Tel: +92-021-111-338-786, Fax: +92-021-32277188
Web: www.dawoodtakaful.com

4. East West Life Assurance Company Ltd.

West Life Assurance Company Limited was established in the year 1992 at Quetta under the name of The Metropolitan Life Assurance Company of Pakistan Limited. The company commenced underwriting life insurance business in March of 1993 and made successful progress in the field of life and health insurance businesses both on the front of individual and corporate clients alike. At the time of our company’s establishment, the sponsors were already engaged in general insurance business under the name of East West Insurance Company Limited.

In 2008, the name of our company was changed to East West Life Assurance Company Limited in order to give a unified look of a group with a substantial financial base and to serve the best interest of our policyholders while adding to steady growth of business on sound fiscal ground.

The authorized capital of our company is Rs. 600 million, out of which Rs. 594.2915 million is currently paid-up. The large paid-up capital base allows us to better position ourselves to provide top-notch benefit and services to our individual and corporate customers.

Room Number 802, 8th Floor, Lakson Square Building Number 01,Opp: Karachi Press Club, Sarwar Shaheed Road, Karachi
Tel: +92-021- 35630421-3, Fax: +92-021-35630429-31
Web: www.eastwestlifeco.com

5. EFU Life Assurance Limited**

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, EFU Life’s major developments during the years are;.

37-K, Block-6, P.E.C.H. Society Karachi
Tel: +92-021-111-338-111, Fax: +92-021-3453-5079
Web: www.efulife.com

6. IGI Life Insurance Limited**

IGI Life Insurance Limited has marked the entry of IGI Financial Services ( part of Packages Group) into the Life Insurance arena through acquisition of controlling shares in American Life Insurance Company (Pakistan) Limited in April 2014. Acquisition by Packages Group makes IGI Life one of a kind life insurance provider in Pakistan as IGI Life’s multinational heritage is now coupled with the experience of Packages group which is one of the most reputed business conglomerates having several joint ventures with leading global brands in the FMCG, Pharmaceutical and Packaging sectors.

IGI Life’s current product suite includes Life Insurance plans, Accident & Health Insurance and Employee Benefit Solutions. IGI Life is also amongst the first few companies who commenced Family Takaful business in 2015 under Window Takaful Operations enabling the Company to offer Shari’ah compliant solutions.

Believing in fair play and an adherence to high ethical standards, IGI Life continues to provide consumers and businesses with life insurance, accident and health insurance, retirement planning, family takaful and wealth management solutions.

At IGI Life, our covenant with the customers will always be to provide the best insurance solutions in Pakistan. Thus we continue to achieve success through a total commitment to customer satisfaction, a highly professional attitude toward prudent underwriting and sound management practices. We strive to create value for our customers and shareholders as we believe in a long term relationship built on strong foundations.

13 Floor, Dolmen Executive Tower, Drive, Block 4, Clifton, Karachi
Tel: +92-02-111-111-711,021-3536 0040
Fax: +92-021-3529 0042,21-35641541
Web: www.igilife.com.pk/

7. Jubilee Life Insurance Company Ltd.**

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.

74/1-A, Lalazar, M.T. Khan Road Karachi
Tel: +92-021-35611802-08,021-35205094, Fax: +92-021-3561 0959
Web: www.njilife.com

8. Pak Qatar Family Takaful Limited

Pak-Qatar Family Takaful Limited, the pioneers of Family Takaful, is a progressive and a technology-driven Shari’ah Compliant company providing innovative Takaful solutions in Pakistan. The company is the fastest growing Family Takaful operator in the region.

Incorporated in 2006, and beginning operations in 2007, the company is registered with, and supervised by, the Securities and Exchange Commission of Pakistan (SECP). An independent Shari’ah Advisory Board chaired by Mufti Muhammad Taqi Usmani certifies all products and operations for Shari’ah compliance. The company is rated ‘A’ (Single A) with Stable Outlook by JCR-VIS Credit Rating Co. Limited and A” (Single A) with Stable Outlook by PACRA.

The company’s vision of providing financial protection through Takaful to everyone is supported by some of the strongest financial institutions in the state of Qatar such as Qatar Islamic Insurance Company (QIIC), Qatar International Islamic Bank (QIIB) and Munich-based FWU AG.

Pak-Qatar is the first dedicated Takaful Group in Pakistan starting with both Family and General Takaful operations. The paid-up capital of Pak-Qatar Family is in excess of Rs. 700 million.

The company is further strengthened by its Re-Takaful arrangements with Munich-Re, Hannover Re and Takaful–Re. We are well-positioned to ensure exemplary client-service following heavy investments in procurement of state-of-the art technology from Malaysia and in SAP ERP solutions. We have strategic BancaTakaful alliance with FWU AG.

Pak-Qatar Family is recipient of several domestic and international awards and nominations. In 2009, the company won the ‘Best Family Takaful’ award by 1st National Achievers Award. Karachi, and the ‘Best Use of Technology’ award by the Islamic Business & Finance Awards, UAE.

We are present in multiple heartlands of Pakistan and fast-moving into smaller cities and towns. As a flag-bearer of Takaful, we are constantly engaged in community-development through Takaful.

Suite# 102-105, Business Arcade, Block 6, PECHS Sharae Faisal, Karachi
Tel: +92-021-34311747-56,-111-825-238, Fax: +92-021-34386451
Web: www.pakqatar.com.pk

9.State Life Insurance Company Limited

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.

The basic structure of the Corporation consists of Six Regional Offices, Thirty Two Zonal Offices, a few Sub-Zonal Offices, 180 Sector Offices, and a network of 1073 Area Offices across the country for Individual Life Insurance; Four Zonal Offices and 6 Sector Offices with 21 Sector Heads for Group & Pension are involved in the Marketing of Life Insurance Plans policies and products offered by State Life and a Principal Office. The Zonal Offices deal exclusively with Sales and Marketing. Underwriting of Life Insurance Policies and the Policyholder’s Services. Regional Offices, each headed by a Regional Chief, supervise business activities of the Zones functioning under them. The Principal Office, based at Karachi, is responsible for corporate activities such as investment, real estate, actuarial, overseas operations, etc.

Principal Office State Life Building No. 9, Dr. Ziauddin Ahmed Road, Karachi-75530
PABX No 021-99202800-9 Lines, UAN 021-111-111-888
Web: http://www.statelife.com.pk


* Stay Order from the Competent Court has been obtained by the insurer against the Directive issued by the Commission under Section 63(1) of the Insurance Ordinance 2000, prohibiting the insurer to enter into any new insurance contract.

 ** These Companies have been authorized by the Commission to undertake window takaful operations.


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