General Knowledge

Established   in  1953,   NJI   is   one  of   the   brightest and   most   reputable  names   in   the  insurance   sector. Sustained growth over half a century has secured NJI a place among the “Big Three” Pakistani insurance in terms of gross direct premium and financial base. NJI is listed on the Karachi & Lahore Stock Exchanges. Major shareholders include Aga Khan Fund for Economics Development and Hashoo Group. NJI, with its Head Office in Karachi, has an extensive and dynamic branch network in all major cities and towns of Pakistan that guarantees prompt service at the customer’s doorstep. The company prides itself in its long-standing reinsurance arrangements and relationship with international renowned reinsurers such as Swiss Re, Munich Re, Lloyds, Hannover Re and Mitsui Smitomo Re. The company is also supported by internationally acclaimed reinsurance brokers including AON Group, Willis, Marsh ...

Here is the list of Top Insurance Companies In Pakistan : I. Public sector 1. National Insurance Corporation http://www.nicl.com.pk/ 2. Pakistan Reinsurance Company Ltd. 3. Postal Life Insurance 4. State Life Insurance Corporation Ltd. II. Private sector a) Incorporated in Pakistan 1. Adamjee Insurance Company Ltd. 2. Agro General Insurance Company Ltd. 3. Allianz EFU Health Insurance Company Ltd. 4. Alpha Insurance Company Ltd. 5. Amercian Life Insurance Company Ltd. 6. Asia Insurance Company Ltd. 7. Asian Mutual Insurance Company Ltd. 8. Askari General Insurance Company Ltd. 9. Beema Insurance Company Ltd. 10. Business & Industrial Insurance Company Ltd. 11. Capital Insurance Company Ltd. 12. Central Insurance Company Ltd. 13. Century Insurance Company Ltd. 14. Commercial Union Life Assurance Company 15. Co-operative Insurance Society of Pakistan Ltd. 16. Credit Insurance Company Ltd. 17. Crescent Star Insurance Company Ltd. 18. Dadabhoy Insuranc...

As-Salaam Alaikum Wa-Rahmatullahi Wa-Barakatuhu Insurance of one's life or possessions is haraam and is not permitted, because it involves gharar (buying/selling something where it is not known whether what is being bought/sold will actually be achieved/delivered, or in what specific quantity, thus putting one�s money at undue risk to being lost) and riba (usury, interest). Allaah has forbidden all transactions that are based on riba, and all transactions which involve deceit, as a mercy to this ummah, and to protect them from that which may harm them. Allaah says (interpretation of the meaning):  whereas ALLAH has permitted trading and forbidden Ribaa[al-Baqarah 2:275]  And it was narrated in a saheeh report that the Prophet (peace and blessings of Allaah be upon him) forbade deceit. And Allaah is the source of strength.  Abdullah b. Dinar narrated that he heard Ibn Umar (Allah be pleased with them) saying : A man mentioned to the Messenger of Allah (may pe...