Life Report

Product Insurance Market Reports Life Rev Pakistan

Key Highlights

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  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Pakistan's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in Pakistan's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Pakistan

The Pakistan life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Pakistan. Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Pakistan and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about Pakistan’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Pakistan is available.

Axco’s report describes the regulatory framework that applies to the Pakistani domestic life insurance sector, including whether non-admitted insurance is permitted in Pakistan; as well as the legislation necessary to know regarding Pakistan’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in Pakistan with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including Pakistani market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.


The report describes the public and private healthcare system in Pakistan, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.


Axco reports on the three pillars of Pakistan's pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The Pakistan report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Pakistan Life and Benefits Report Extract

Below are brief extracts of information from the Pakistan Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

Pakistan's political history has been marked by a significant degree of instability in the past and it is faced currently with extremely challenging economic conditions. Nevertheless, the insurance market is characterised by a number of very well-managed insurance companies who appeared to have been successful as is possible in overcoming significant local barriers to the promotion of the benefits of life insurance to companies and individuals. Penetration of life and non-life insurance in Pakistan remains, however, comparatively very low ....


There are no segregated statistics relative to pensions business written by insurance companies.

The current status of the state pension system is illustrated by the following statistics as at 30 April 2020 relating to the Employees Old-Age Benefits Institution (EOBI), with numbers of:

  • registered employers: 129,633
  • insured persons: 8.61 million
  • ....


The National Health Insurance Programme (Sehat Sehulat programme/SSP is intended to provide the poorest families in Pakistan with basic health coverage in secondary healthcare facilities, maternity care and coverage for treatment of seven specified conditions; these are subject to annual ceilings. To be eligible for the scheme families must be at or below a means-tested poverty level, according to the National Socio-Economic Registry (NSER) of the Benazir Income Support Programme (BISP). State Life acts as a third-party administrator ....

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