Top 10 State Life Insurance Companies In Pakistan

 1) United Commercial Bank

2) Habib Metropolitan Bank

3) National Bank of Pakistan

4) First Women Bank

5) Standard Chartered Bank

6) MCB Limited

7) HBL Pakistan

8) Al-Noori Finance Ltd. (ANFL)

9) Meezan Bank

10) Dawood Hercules Corporation Ltd. (DHCPL)

Top 10 State Life Insurance Companies In Pakistan

State Life Insurance Company Limited was incorporated on September 30, 1966 under the provisions of the Companies Ordinance, 1984 and its name was changed to State Life Insurance Company Limited vide notification dated July 10, 1992 under the provisions of the Companies Act, 1984 (now repealed). The Company's head office is located at Karachi and it operates in all major cities of Pakistan through its field offices. The activities of the Company include life insurance business, general insurance business and pension fund business as per rules laid down by life insurance authorities and regulatory bodies in Pakistan.

1) United Commercial Bank

United Commercial Bank (UCB) is a financial institution based in Karachi, Sindh, Pakistan. Founded in 1947 by Agha Hassan Abedi, UCB has since grown to be one of largest banking institutions in Pakistan. UCB offers services including loans and deposits through a network of 250 branches spread out across most major cities and towns across Pakistan. UCB is ranked as one of the largest banks in terms of assets and capital in both Pakistani rupees and US dollars.

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If you are thinking about getting life insurance in Pakistan, you can use a comparison website to find details of how much protection different companies offer. As well as looking at what each company offers, you should also compare other factors such as cost and policy length. If you shop around for your life insurance in Pakistan, you should be able to get a better deal than if you opt for your local provider. It might be worth discussing any requirements with an independent financial adviser before making any decisions.

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One of top ten state life insurance companies in pakistan is Al-Nasr, which can be counted as a pioneer in not only life and medical insurance, but also pension schemes. The company was founded back in 1961, with its head office located in Karachi. A subsidiary of Al-Rajhi Group International based out of Saudi Arabia, Al-Nasr caters to clients across Pakistan with a variety of products that include life, medical and industrial plans.

4) First Women Bank

First Women Bank Limited was established in 2003 and was granted a license by SBP to operate as a full-fledged commercial bank on August 26, 2003. The Bank started its commercial operations on October 17, 2003. First Women Bank has a paid up capital of Rs. 500 million, with head office at Karachi and nine (9) branches, four (4) at Karachi, two (2) each at Lahore and Islamabad, respectively.

5) Standard Chartered Bank

A multinational bank and financial services company with a location in London, England, Standard Chartered Bank operates a network of over 1,200 branches and outlets (including representative offices) across over 70 countries and employs over 87,000 people. This bank was started in 1853 and is among the Big Four in Britain. It also has a presence in other countries and operates with the tagline safer, simpler, and friendlier.

6) MCB Limited

MCB is one of country’s first private sector bank and largest in terms of assets, customer base and branch network. The state-owned lender has more than 11,000 branches throughout Pakistan including 150 overseas branches in UAE, UK, USA and China. MCB introduced corporate banking services in 2002 with its ‘MCB Business International (UK) Limited’ branch in London. The branch was later shut down due to low profitability and presence of several competitors in London market.

7) HBL Pakistan

HBL Life Insurance is a leading company, especially in life insurance policies. The company provides reasonable plans for all kinds of people, so if you want to enjoy some or all of your money once you’re gone, get in touch with HBL today.

8) Al-Noori Finance Ltd. (ANFL)

ANFL was incorporated in 1982. The Company is listed on three major Pakistan Stock Exchanges, which are located in Karachi, Lahore, and Islamabad. It has an issued and outstanding share capital of Rs. 2,069 million ($21 million) with a net worth of Rs.

9) Meezan Bank

Meezan Bank Limited, a subsidiary of Bank Alfalah Limited, is one of largest banks in Pakistan offering a wide range of banking products and services. Meezan offers all financial solutions to its customers. Some of these solutions include housing loans, personal loans, auto loans, online banking and credit cards. Meezan has many outlets throughout the country where its customers can visit for their financial needs and concerns.

10) Dawood Hercules Corporation Ltd. (DHCPL)

Formed in 1994, Dawood Hercules Corporation Limited (DHCPL) is a joint venture between two well-known public sector insurance companies, Dawood National Insurance Company Ltd. and Hercules General insurance Company Ltd. Today, DHCPL stands tall as one of the top 10 state life insurance companies in Pakistan with its operational footprint across 30 locations nationwide. DHCPL offers protection to individuals through life insurance policies ranging from Rs. 1000 to Rs.