Presented By

1. Sadia Zia (34)

2. Fatima Mazhar (11)
3. Sonia G.M (41)
4. Amina Riaz (01)
5. Rahat Irfan (32)
6. Khadija Safdar (20)

8th
Semester
Department:
A company that offers insurance policies to
the public, either by selling directly to an
individual or through another source such as
an employees benefit plan
An insurance company can specialize in one
type of insurance, such as Life
insurance, Health insurance, or auto insurance,
or offer multiple types of insurance.

Insurance in Pakistan is regulated under
the Insurance Ordinance, 2000.In the past
few years, it has transformed into a
developing and fastly growing market that
is generally divided into three components
Life insurance
General insurance
Health insurance

The Government of Pakistan established the
Department of Insurance in April 1948 as a
department of the Ministry of government
The aim of this department is to take care of
affairs related to the insurance industry.
Out of the 54% that Pakistan's service sector
contributes to the national GDP.

1:Government Owned Life Insurance
Companies in Pakistan
State Life Insurance Corporation of Pakistan.
Postal life insurance
Universal Insurance Company Ltd.
National Insurance Corporation
2:Private Owned Life Insurance
Companies in Pakistan.
Jubilee Life Insurance (JLIC)
EFU Life Assurance
Adam jee Life Insurance Company
The Life Insurance Business in Pakistan was
nationalized during March 1972.
State Life Insurance Corporation of Pakistan is headed
by a Chairman and assisted by the Executive Directors
appointed by Federal Government

To provide more efficient service to policy holders.
To maximize return to policy holders by
economizing expenses and increasing yield on
investment.
To make life insurance a more effective means of
mobilizing national savings

Annuities
Conventional Life insurance (Home Business)
Group Life Insurance
Pension Services
Universal Life Business (Home Business)

State Lifes Services:

1. For Corporate Customers

2. For individual Customers

1. For Corporate Customers

Fund Life Insurance
Salary Saving Plan for the employees of any
Government and non-Government
Organization.
24 years experienced in both kind of selling
and after sales services as helping in record
keeping

2.For individual Customers

Loan against your life insurance policy
New documentation of your lost policy
Urgent processing of Maturity Claim of your Policy
Helping in death claim processing
Any amendment at any stage of your policy
Helping to choose right "Life Insurance Product" for
you and your family
Selling the new policies as desire by you
"The Oldest and the Best.

oEstablished by the British Raj in 1884, to
assure the lives of postal mail runners, its
services were gradually extended to other
government employees as well.
o Its benefits were not available to
o General public until 1947.

Unbeatable presence in the rural areas due to
extensive network of post offices
An enormous advantage over its business rivals
Offers a wide range of insurance policies
At the lowest premium while ensuring highest
bonus on their investment


To provide insurance cover.
To run life insurance business on sound line.
To more efficient service to the policy
holders.
To maximize the return to the policyholders
by economizing on expenses.

To mobilize small savings and place the
same at the disposal of Government.
To use the policyholders' fund in the wider
interest of the country.
To care for its stake holders.
To care for its employees.
To uphold the rules.

Whole life policy
Joint life endowment
policy
Education and marriage
endowment assurance
Accidental death and
permanent disability
benefit contract
Annuity policies
Endowment policy
Anticipated endowment
(three payment) plan
Child protection policy
Non medical policy
Group insurance


Lowest premium rates
All policies including paid up participate in
profits
Premium payable on monthly basis and only up
to the month of claim
Payment of premium in cash at any post office in
Pakistan
No maximum limit for ordinary policies

Loan on policies
Highest rate of bonus
Open to all
Non-lapsing of policies of two years duration
Liberal surrender value of PLI policies
Payment guaranteed by Government of Pakistan
UIC is a part of Bibjee Group of Companies.
Established by the late Habibullah Khan Khattak.
Company was incorporated in 1958 and has
established its franchise in the general insurance
market.






On premium portfolio basis 'Universal' is one of
the Top Ten insurance companies of Pakistan.
UIC remained in the Public Sector for fifty two
(52) years.
Providing a full range of non-life insurance
products and services.

FUNCTIONS
Universal life insurance combines permanent life
protection with tax-advantaged investment
opportunities.
With a selection of product styles and optional
coverage features (called riders), universal life is
highly customizable to fit into your financial plan.
Provide key person coverage for your business
(business continuity)


Medical coverage.
Evacuation/medical repatriation.
Flight cancellation /delay.
Replacement of travel document.
Student Care Plan.

Motor Insurance
Fire Insurance
Miscellaneous Insurance


Private Car Comprehensive Insurance.
Full Comprehensive cover Motorcycle
Comprehensive Insurance.
Motorcycle Third Party Insurance.

House holders Comprehensive Insurance
(Individual & Corporate)
Shop Owners Insurance
Fire Consequential Loss Insurance

Burglary Insurance.
Personal Accident Insurance Coverage.
Travel Insurance.

Largest Insurance Company of Pakistan.
Initially it was named as National Insurance
Corporation formed in the year 1976.
100% owned by Government of Pakistan
(GOP).
Core aim is to provide highly differentiated
& innovative set of services to our customers.
National Insurance Company Limited was
incorporated in Pakistan on 31st March 2000.

To provide insurance cover to the
Government/Semi Government
organizations
To reduce outflow of foreign
exchange
To make prudent investments in
public as well as private sector in
order to obtain maximum returns

o The major function is to insure public properties
o To advise the Government Departments protect
their assets at minimum cost
o To transfer surplus funds after meeting all
management expenses, to the government
exchequer

Fire and Property Damage
Travel Insurance
Fire Insurance
Motor
Workers Compensation
Accident and Health
Engineering / Miscellaneous

EFU Life is the largest private sector life insurance
company in Pakistan.
Established in 1992, EFU Life enjoys a market share of
more than 50% of the private sector life premium
income.
The shares of the company are quoted on Karachi and
Lahore Stock Exchanges of Pakistan.
EFU is one of the few Pakistani organizations run
totally by professional management and highly
motivated field force.
Policies accepted by all financial institutions in the
country.

The most important aspect of operation to created
a separate Risk Management Team who works
closely with clients to identify various risk
exposures and then provide specific insurance
This helps in loss prevention and reducing the cost
of premium.
Help clients to major perils and calamities

To establish a professional culture in life insurance business.
Strongest Financial base in the private sector.
offering Best Value Products.
Best performing investment funds.
Caring Customer support services.
Providing coverage to more than 1 million lives
Security Plan
To provide a replacement income for
family on death.
To ensure that early death does not
damage future plans for your children in
terms of their education, wedding etc
Loan Protection Plan
providing a capital sum on death and
critical illness

Khushalli Plan
EFU Life brings you Khushhali a flexible and high value
savings and protection plan that provides the satisfaction of
having an accumulated fund at disposal.
Pension Plans
The basic purpose of the Plan is to build up substantial capital
to provide a pension.
Executive Pension Plan benefits to help you tailor the plan to
suit your particular needs
Prosperity For Life
Hedge against inflation through the
Inflation Protection Benefit Cover yourself
through whole-of-life insurance
Marriage Plan
The Plan provides high value savings,
coupled with a guaranteed level of life
assurance protection
give flexibility with various options to
customize the benefits according to needs.

oEstablished in 1953, NJI is one
of the brightest and most reputable
names in the insurance sector.
oNJI has developed unique and innovative
insurance solutions to meet the growing
consumer financing trends of economy.
oAs pioneers in Group Health Insurance, NJI
continues to develop new, flexible and
customized plans to suit the diverse need of
Jubilees many blue chip Pakistani companies
and multinational clients.

1. Individual Life Insurance
Child Education Plans
Child Marriage Plans
Retirement Plans
Wealth accumulation Plans
Savings and Protection plans
Rural Plans

2. Corporate Insurance
Corporate Life Insurance
Corporate Health Insurance
Work site Insurance

o Adam jee Insurance Company Limited
(AICL) was incorporated as a Public Limited
Company on September 28, 1960 and is listed
on all three stock exchange of Pakistan.
o The Company is also registered with the
Central Depository Company of Pakistan
Limited (CDC) and is involved in the business
of general insurance.
o The head office is located in Karachi and it
operates a network of branches all across
Pakistan and two in UAE (Dubai & Abu Dhabi).

AICL meets customer needs by providing innovative
solutions with their varied line of products.
AICL dedicated employees are equipped with all the
necessary skills that are needed to serve our valued
customers.
AICL continues to strengthen and expand its regional
operation by tapping the potential available in the UAE
market, with the consolidation of business in Dubai.
AICL with Hollard Insurance based in South Africa
launched Life assurance operations through a separate
entity name, Adam jee Life Assurance Company Limited.


Fire and Property
Marine, Aviation and Hull
Motor
Miscellaneous business
Machinery Insurance
Cargo Insurance
Crop Insurance
Livestock Insurance
Travel Insurance
Contractors all risk Insurance
Electronic Equipment Insurance
Engineering Insurance