Best Insurance Companies in Pakistan | Keeping your Savings Safe

Searching for the best insurance company in Pakistan can mean navigating a bewildering variety of item features and costing variables.

The best life insurance companies in the country can help you secure enough coverage to cover expenses your family will confront, such as caring for aging parents, paying for your kid’s education, etc., or replace your settled debts, income.

Insurance purchase is usually a long-term commitment, done to give for loved ones a few decades down the road. Insurance may need a long-range personal finance strategy and a significant investment of your money.

That is why we have discussed the best insurance companies in Pakistan that will offer you the best services to cover all of your needs.

Let’s get started.

What is Insurance?

People often don’t know about insurance but the concept is spreading among Pakistanis like wildfire. In the fast-moving world where everything is going towards advancement, it is necessary for everyone to have little to moderate knowledge about insurance and how insurance companies work.

Insurance is a way of mitigating or transferring your personal risk to the company that makes the deal with you. When having your insurance done, you are basically moving your responsibility for your loss to anything such as cars, homes, health, etc to the company. You have to pay some defined amount monthly or yearly for the insurance. There are some terms and conditions which should be kept in mind while getting insurance. 

Types of Insurances

Insurance companies offer different types of insurance according to your preferences, requirements, and demands. Usually, you will come across the following kinds of insurances:

  • Car Insurance
  • Liability Insurance
  • Home Insurance
  • Long-Term Care Insurance
  • Pet Insurance
  • Health Insurance
  • Disability Insurance
  • Life Insurance
  • Social Insurance
  • Fire Insurance
  • Guarantee Insurance

Do I Need Insurance?

The one-line answer: If you want to enjoy security in the long run, you need insurance. We all know that life is truly unpredictable, you never know what’s going to happen the very next moment. Maybe, not today but tomorrow you need financial aid. The ideal way to save yourself from taking loans from banks and relatives is to get yourself insured.

Benefits of Insurance

There are many benefits of insurance including:

  • You will shift the risks
  • You are financially secure i.e. you don’t have to depend on other sources for cash
  • You will get peace of mind and you won’t have to worry about the forthcoming

10 Best Insurance Companies in Pakistan 2021

  1. State Life Insurance Corporation of Pakistan
  2. Jubilee Life Insurance
  3. Alfalah Insurance Company
  4. East-West Insurance Company
  5. EFU Life insurance
  6. United Insurance Company
  7. Adamjee Insurance Company
  8. Askari General Insurance Company
  9. Alpha Insurance Company 
  10. TPL insurance
Insurance Company Name Headquarter Address Contact number Website
State Life Insurance Corporation of Pakistan Karachi Principal Office State Life Building No. 9,

Dr. Ziauddin Ahmed Road, Karachi-75530

Jubilee Life Insurance Karachi 74 / 1 –A, Lalazar, M.T. Khan Road, Karachi -74000 021 111 111 554
Alfalah Insurance Company Lahore 5-Saint Mary Park, Gulberg-III, Lahore +92 42 111-234-222
East-West Insurance Company Karachi 401-404, block ‘b’, 4th floor,

Lakson square building no-3,

Sarwar Shaheed Road,


(+ 9221) 35630400-409
EFU Life insurance Karachi EFU Life House, Plot No.112, 8th East Street, Phase 1, DHA, Karachi +92-21-111-EFU-111 (111-338-111)
United Insurance Company Lahore UIG House, 2nd Floor,

6-D, Upper Mall,


(+92-42) 35776475 to 83


Adamjee Insurance Company Lahore ADAMJEE HOUSE 80/A, Block E-1, Main Boulevard, Gulberg-III, Lahore – 54000 111-242-111 (Ext. 8056)
Askari General Insurance Company Rawalpindi 3rd Floor, AWT Plaza, The Mall, Rawalpindi 051-111-444-687
Alpha Insurance Company  Karachi 4th. Floor, Building No. 1-B,

State Life Square

Off I.I. Chundrigar Road, 


(92-21) 32416041-45
TPL insurance Karachi Plot 19 B, Block B Sindhi Muslim CHS (SMCHS) – 74900 021.37130223


1. State Life Insurance Corporation of Pakistan

State Life Insurance Corporation of Pakistan-pip

A popular insurance company and government-owned body, State Life Insurance Corporation of Pakistan is offering a huge range of insurance policies for its clients. This company offers group plans and individual policies, so there is something for everyone. You will find different insurance calculators on the company’s official website so that you can calculate insurance. The insurances which you can calculate using the calculators are:

  • Jeevan Sathi Assurance
  • Whole Life Assurance
  • Endowment Assurance

Different categories of insurance that you can avail from the company are as follows:

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

The company offers the following individual plans:

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

2. Jubilee Life Insurance

Jubilee Life Insurance-pip
Jubilee Life Insurance was founded back on June 29, 1995. It is a public limited company and is known as one of the best life insurance companies in Pakistan. The company has gained a lot of popularity in recent years because of its easy and consumer-friendly terms and conditions, top-notch insurance policies, and excellent services.

Customers can get the following policies from Jubilee Life Insurance:

  • Online Insurance
  • Individual life insurance (you can save funds for your kid’s different needs such as marriage, education, medical care, etc.)
  • Family Takaful (This insurance policy is per the sharia laws.)
  • Bancassurance (a one-stop shop for all your insurance, financial, and banking needs).
  • Corporate insurance (Most suitable insurance for corporate world)
  • Micro-insurance (This one is formulated to meet the requirements of underprivileged people).

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

3. Alfalah Insurance Company

Alfalah Insurance Company-pip

Alfalah Insurance Company has recently made an entry into the market. It is a venture of Abu Dhabi United Group for Development and Investment (ADUG), which is owned by Sheikh Mansour bin Zayed Al Nahyan. The company has its offices in almost every main city of Pakistan such as Lahore, Islamabad, and Karachi.

Alfalah Insurance company has made a strong position in the market thanks to its outstanding services and stable financial position. That is why, PACRA Or the Pakistan Credit Rating Agency recently improved this company’s overall rating, awarding it the “AA” category.

You can avail of the following insurances which are offered by the company:

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

The company has offices in the following cities:

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

4. East-West Insurance Company

best insurance companies in pakistan-pip
East-West Insurance Company laid its foundation back in 1983. It makes long-term commitments with its valued clients and that is why it is one of the highly trusted insurance companies of Pakistan.

The company offers its innovative GPS app to track directly from your cell phone. The trackers are connected with GPS locators to trace out the location.

The company provides numerous insurance policies designed for different clients including:

  • Auto Insurance
  • Property Insurance
  • Crops Insurance
  • Transportation Insurance
  • Health Insurance
  • Travel Insurance
  • Fire Insurance
  • Marine insurance

5. EFU Life Insurance

EFU Life Insurance-pip
EFU Life insurance is the first-ever private life insurance company to begin its operations in Pakistan back in the year 1992. It is popular for having the highest-paid capital of about 1 billion with the biggest financial base in the private sector.

EFU is the first-ever life insurance company that is ISO certified. The portfolio of EFU products is diverse. Its policies have a high value. EFU Life PlanIT is the company’s own application that you can download on your mobile devices. Using this app, you can effortlessly track your information and records in no time.

EFU offers the following major products:

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

6. United Insurance Company (UIC)

United Insurance Company-pip
United Insurance Company was founded back in 1959. The company earned significant fame and made a solid place in the market, thanks to its spectacular services. UIC has more than 100 branches across the country. The branches are operational in major cities of Pakistan including Karachi, Islamabad, Rawalpindi, Lahore, etc. The insurance company is ISO Certified, has a Quick & Easy Claim Settlement Process, Tracker Services, Comprehensive Products, and more. 

UIC is the 4th largest general insurance company in Pakistan that has many things to offer that will gain your confidence and trust in them. It facilitates its valued customers with a huge variety of insurance policies including:

  • Health Insurance
  • Business Insurance
  • Motor Insurance
  • Marine Insurance
  • Travel Insurance
  • Fire Insurance
  • Livestock Insurance
  • Engineering Insurance
  • Crop Insurance

7. Adamjee Insurance Company

Adamjee Insurance Company-pip
Adamjee Insurance Company is known as the largest general insurance company in Pakistan. It became operational back on 28th September 1960. It is an international name and is functioning in other parts of the world such as the UAE.

The company has been granted many certificates and awards and is getting international and national recognition at a fast pace. The insurance services of the company are IS0 9001 certified.

The company offers the following types of insurances:

  • Engineering insurance
  • Personal accident insurance
  • Fire & property insurance
  • Liability lines insurance
  • Health insurance
  • Financial lines insurance
  • Marine insurance
  • Miscellaneous insurance
  • Motor insurance
  • Agriculture insurance
  • Travel insurance

8. Askari General Insurance Company

Askari General Insurance Company-pip
AGICO or Askari General Insurance Company began its operations in 1995. SECP or Securities and Exchange Commission of Pakistan supervises the operations of this private limited insurance company. It’s one of the first insurance companies in the country that is also quoted in the Pakistan Stock Exchange. 

AGICO is dedicated to providing quick, amazing, and consumer-friendly services with extremely professional and cooperative staff to its valued clients. 

The Federation of Pakistan Chambers of Commerce and Industry awarded the FPCCI Achievement Award Certificate and The Management Association of Pakistan awarded the Corporate Excellence Award to the company. The company is also granted a Certificate of Recognition.

You can get the following insurances from the company:

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

AGICO offers multiple services such as:

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

9. Alpha Insurance Company

Alpha Insurance Company-pip
Alpha Insurance Company became operational back on 24 December 1951. It is headquartered in the city of Lights, Karachi. It is a private insurance company that is the subsidiary company of State Life Insurance Company, which we have discussed above. 

The company has almost 100 branches across the country. The clients of the company are quite satisfied with the value-added services they are offered by the company. State Life Insurance Company owns around 95% shares of the company. 

The company deals in the following insurance policies:

  • Property Insurance
  • Burglary Insurance
  • Marine Insurance
  • Fire Insurance
  • Motor Insurance
  • Machinery Breakdown Insurance
  • Bonds Insurance

10.TPL Insurance

TPL Insurance-pip
The letters TPL in the name TPL insurance stands for Teamwork, Passion, and Leadership. The company was conceived back in 2005. The company’s head office is situated in Karachi and has offices in other major cities such as Lahore, Islamabad, Faisalabad, etc. Though it made a late entry into the market, it became one of the best health insurance private companies in the country in a short period of time.

TPL Insurance company offers quite impressive insurance services to its precious clients. The company was the first one who launched a mobile app for an insurance company. Through this app, the customers can get all the information, and updates on their owned insurance policies. The best thing about the TPL insurance company is that they have the best tracker system that you can find with an insurance company. The tracker is connected with a GPS locator and tracks your automobile efficiently.

You can get your hands on the following insurance policies offered by the company:

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


  • Which insurance policy is best in Pakistan?

We have mentioned the best insurance policies in Pakistan in this article. Go through them and see which one suits you the best.

  • What is the number 1 insurance company?

Some insurance companies are operational for a long time and some are new. But the ones we have enlisted are the best insurance companies in Pakistan.

  • Who are the top 5 health insurance companies?

Check out the list to see the top insurance companies in Pakistan that are offering top-rated insurance policies and related products for the customers.

  • Which insurance policy is best?

It depends on the type of insurance policy you are looking for. See the list and then choose which insurance policy suits you the most. One thing is for sure, the insurance policies of these enlisted companies are the best you can avail yourself.


Getting insurance for your health, car, property, or any other valuable thing is very important in the present times. To help you out, we have discussed the best insurance companies in Pakistan that you can opt for to get an insurance policy or related product. All of these companies have thousands of clients and have a good reputation in the market. So, make sure to check all of them and then choose one. Which insurance company do you think is the best in Pakistan? Do let us know in the comments!

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