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Insurance in Pakistan is regulated under the Insurance Ordinance, 2000. It is divided into three components: life insurance, general insurance and health insurance.The Government of Pakistan established the Department of Insurance in April 1948 as a department of the Ministry of Commerce; the aim of this department is to take care of affairs related to the insurance industry.
An insurance agent's main job is to sell you an insurance policy, not necessarily give comprehensive financial advice. A financial advisor who's also a licensed insurance agent, on the other hand ...
An insurance broker typically doesn’t know all the policy details for every policy type and insurance company. There could be policy exclusions, terms and conditions they may not be aware of ...
A financial adviser or financial advisor is a professional who provides financial services to clients based on their financial situation. In many countries, financial advisors must complete specific training and be registered with a regulatory body in order to provide advice.
Often, independent insurance agents will work with insurance intermediaries, who obtain quotes from multiple insurance providers and pass them off to the independent agent. Working with an insurance intermediary service allows the independent agent to review many quotes and offer their clients the best policy options available.
The Sehat Sahulat Program is a flagship social health insurance initiative launched by the Pakistan Muslim League (N) in 2015 with the name of 'Pakistan Sehat Card' [1] [2] [3] to provide free healthcare services to the underprivileged population of the country then carried on by PTI government in 2019, under name of Sehat Sahulat Card later known as Sehat Insaf Card. [4] The program is ...
The State Life Insurance Corporation of Pakistan (SLIC) (Urdu: اسٹیٹ لائف انشورنس), commonly known as State Life, is a Pakistani state-owned life insurance company based in Karachi. [2] [3] The State Life is headed by a chairman, currently Shoaib Javed Hussain. The chairman is assisted by four directors.
Jubilee Insurance is a brand used by Pakistani general and life insurance companies headquartered in Karachi. The two companies are subsidiaries of Swiss for-profit organization Aga Khan Fund for Economic Development. [1] As of 2024, Jubilee Life PSX: JLICL was the largest private-sector insurance company in Pakistan. [2]