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.
Advertisement
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.