The insurance industry in Pakistan has grown rapidly over the past decade. With rising awareness about financial protection, more individuals and businesses are choosing insurance to secure their future. Whether it’s life, health, auto, or property insurance, Pakistan’s top companies are providing strong coverage and reliable service to millions of customers.
In this article, we’ll explore the top 10 insurance companies in Pakistan, their services, and what makes them stand out in 2025.
1. Jubilee Life Insurance Company Limited
Jubilee Life is one of Pakistan’s leading insurance providers, known for its excellent customer service and wide range of products. The company offers individual and corporate insurance, savings plans, and investment-linked policies.
Key Services: Life insurance, health coverage, retirement plans, education savings plans
Head Office: Karachi
Established: 1995
Why It Stands Out: Strong financial performance and trusted by both individuals and organizations.
2. EFU Life Assurance Limited
EFU Life is one of the oldest and most respected life insurance companies in Pakistan. It’s known for introducing innovative insurance and savings products. EFU Life has a massive branch network across the country and uses advanced digital tools for easy policy management.
Key Services: Life insurance, pension plans, investment-linked policies
Head Office: Karachi
Established: 1992
Why It Stands Out: High claim settlement ratio and reliable financial strength.
3. Adamjee Insurance Company Limited
Adamjee Insurance is one of the largest general insurance companies in Pakistan. It provides coverage in multiple sectors, including auto, property, travel, marine, and health. The company also operates in the UAE and has a strong presence in both corporate and retail segments.
Key Services: Motor insurance, health insurance, travel insurance, fire and marine insurance
Head Office: Lahore
Established: 1960
Why It Stands Out: Broad coverage options and trusted corporate partnerships.
4. State Life Insurance Corporation of Pakistan
State Life is a government-owned company and the largest life insurer in Pakistan. With millions of policyholders, it plays a key role in providing affordable life insurance nationwide. Its services are ideal for individuals looking for long-term security and family protection.
Key Services: Life insurance, pension schemes, investment plans
Head Office: Karachi
Established: 1972
Why It Stands Out: Government-backed stability and wide accessibility across Pakistan.
5. TPL Insurance Limited
TPL Insurance is the first insurance company in Pakistan to offer complete digital solutions. It provides motor, health, travel, and property insurance through online platforms. Customers can easily purchase and claim policies via the TPL mobile app or website.
Key Services: Motor insurance, health, property, travel, cyber insurance
Head Office: Karachi
Established: 2005
Why It Stands Out: Tech-driven services and hassle-free online claim process.
6. UBL Insurers Limited
UBL Insurers, a joint venture between United Bank Limited and the Abu Dhabi Group, has built a strong reputation for reliable service. The company provides both personal and corporate insurance solutions designed for Pakistan’s growing business sector.
Key Services: Fire, marine, travel, motor, and health insurance
Head Office: Karachi
Established: 2007
Why It Stands Out: Strong banking background and trusted customer service.
7. Askari General Insurance Company Limited
Askari Insurance is one of the most stable insurance companies in Pakistan. It serves individuals, corporations, and institutions with a wide range of insurance products. Its customer-focused approach and excellent financial standing make it a trusted choice.
Key Services: Motor, health, property, engineering, marine insurance
Head Office: Rawalpindi
Established: 1995
Why It Stands Out: Reliable service and strong ties with the Armed Forces and business clients.
8. Pak-Qatar Family Takaful Limited
Pak-Qatar Family Takaful is Pakistan’s leading Islamic insurance (Takaful) company. It follows Shariah-compliant financial principles and offers family protection, savings, and investment plans. The company’s strong governance and digital solutions make it a top choice for Islamic finance users.
Key Services: Family Takaful, group health, investment-linked plans
Head Office: Karachi
Established: 2007
Why It Stands Out: Shariah-compliant solutions and large Takaful network across Pakistan.
9. Alfalah Insurance Company Limited
Alfalah Insurance, part of the Abu Dhabi Group, provides innovative insurance solutions for individuals and corporations. The company’s transparent claim process and customer service have earned it a strong market reputation.
Key Services: Health, motor, marine, fire, and travel insurance
Head Office: Lahore
Established: 2006
Why It Stands Out: Corporate reliability and extensive branch network.
10. IGI General Insurance Limited
IGI General Insurance is one of the most respected names in Pakistan’s insurance industry. With decades of experience, it provides dependable insurance for cars, property, travel, and businesses. Its financial stability and claim efficiency make it a preferred choice among customers.
Key Services: Motor, health, marine, fire, and travel insurance
Head Office: Karachi
Established: 1953
Why It Stands Out: Long-standing reputation and trusted corporate partnerships.
Why Insurance Matters in Pakistan
Insurance is not just a financial product—it’s a safety net. Whether it’s life, health, or property coverage, insurance provides peace of mind and financial protection during unexpected events.
With rising inflation and uncertain times, insurance helps families stay financially secure and businesses recover from losses faster.
Some of the key benefits include:
Financial protection from accidents or illness
Support for dependents in case of death
Business continuity after unexpected losses
Savings and investment opportunities through life insurance
Final Thoughts
The top 10 insurance companies in Pakistan are playing a major role in improving financial stability and public confidence. Whether you prefer traditional insurance like State Life or innovative digital options like TPL Insurance, there’s a plan to fit every need and budget.
If you haven’t yet secured insurance for yourself or your business, now is the right time to choose a trusted provider and safeguard your future.
