Original Source: https://ahgroup-pk.com/blog/insurance-companies-in-pakistan/

We face different tragedies in our lives in the terms of accidents, illness, and death. Usually, this happens suddenly, we don’t even plan for these tragedies. Because of sudden loss, we have to struggle hard to cope with these tragedies. To protect and save yourself from these unpredictable accidents we recommend you get a financial safeguard in the terms of Insurance. Pakistan is a country rich in culture, history, monuments, and tourism. In this article, we are going to have a detailed conversation on what is insurance, why should you get insurance? as well as list down the types of insurance? People are mostly curious about
How many insurance companies are there in Pakistan?
There are about 54 insurance companies some of them companies offer non-life insurance and some offer life insurance services.

What is insurance?

Basically, insurance means to have a backup in case of any type of loss. In this concept of insurance, we transfer our life, car, or health risk to the companies by getting the insurance. This means we shift the responsibility for our loss to the insurance companies by accepting their terms and conditions.

Why should you get insurance?

Insurance basically provides you the security. We never know what happens next in our lives and when we need aid. So taking loans or relying on someone else it’s better to get our self insured. We list down some major purpose of insurance:

• It provides you financial support.     
• It releases you from the stress of what is going to happen next.     
• In the case of death, it will help your family to survive.     
• It will help you to decrease risk.

Types of Insurance

People often ask what are the types of insurance? Insurance Companies provide you different insurance according to your needs. These insurance includes

• Health Insurance   
• Life Insurance
• Motor insurance    
• Property Insurance     
• Guarantee Insurance    
• Car Insurance
• Travel Insurance    
• Social Insurance      
• Fire Insurance      
• Liability Insurance

There are a lot of insurance companies in Pakistan that are providing above mentioned insurance policies with different terms and conditions. As you know AH Group is always here for you, therefore we have gathered and compiled the data and brought you a list of insurance companies in Pakistan (secp). So before further delay let’s get started.

Above mentioned companies are considered among the top 11 insurance companies in Pakistan 2020.

1. Jubilee Life Insurance

Jubilee Life insurance starts cooperating on June 29, 1995, as a public limited company. And started its business in Pakistan on June 29, 1995. This is the best insurance company in Pakistan. The company uses the word “Happiness” to represent, and for all right reasons. This is considered to be one of the best life insurance companies in Pakistan. The Insurance company is known for its easy terms and conditions, quick services and to have the best insurance policies. The main motive of the company is to make people fight with uncertain conditions. The main head office of the company is located in Karachi. This company is also considered to be in the top 10 insurance companies in Pakistan 2023. 

2. Adamjee Insurance

Adamjee Insurance was launched in Pakistan on 28 September 1960. This is known as one of the largest health insurance companies in Pakistan. This insurance company also provides its services to different countries like the United Arab Emirates. The company deals with different types of insurances. We list down some of the major types of insurance that the Adamjee Insurance Company offers.

• 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 company is also awarded for national and international recognition. The head office of the company is located in Lahore. The Company has other branches in different cities of the country. If the development of the company remains the same it will not be wrong to say that the company will become one of the best life insurance companies in Pakistan. 

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