SECP (Security And Exchange Commission Of Pakistan) is making a plan to aware the importance of insurance in Pakistan. It is the purpose to improve the capability of insurance companies and clear payment terms at the end of the maturity date. Actually insurance is a risk transfer mechanism. Due to this reason they are providing the coverage to the policy holder. It is generally divided into three faction life insurance, general insurance and health insurance.
Insurance companies should provide coverage to middle class and take necessary steps to improve their performance. It is very important tool for business man and individual person. That’s why they can save their risk through insurance policy.
Those companies provide proper satisfaction to the customers achieving their targets. That’s why EFU market shore is much better than other insurance companies. Insurance sector contribute 24% to the national GDP.
By Talha Pasha