Last updated: August 2, 2026 · Plans compared: 15 · Data source: issuer product pages, recorded in the Buzdy database · cited pages where we hold them
Reviewed by Zia Shahid, Buzdy Banking Editor · Our methodology
? In this guide
Looking for a insurance plan in Pakistan in 2026? We hold verified data on 137 insurance plans in Pakistan and show the top 15 here. Every figure below is printed from the record Buzdy holds for that product, taken from the issuer's own published material — where a bank does not publish a number, this guide says Not published rather than guessing. We link the exact issuer page under Sources for every product where we have recorded it; for the rest we hold the figure but not the page, and say so.
How this list is ordered. These are not ranked. Buzdy does not hold a comparable published rate for most of these products, and we will not invent an order we cannot justify — they are listed one per bank in rotation so you can see the spread of issuers.
This is not a complete list of every insurance plan sold in Pakistan. It is the set Buzdy has verified data for, from 11 issuers, as of August 2, 2026.
Quick Comparison: 15 Insurance Plans in Pakistan
Side by side, in the order explained above. Tap any name for the full product page.
| Insurance plan | Bank | Interest rate | Minimum income | Details |
|---|---|---|---|---|
| 1. Adamje Life Save & Assure Plan | MCB Bank | Not published | Not published | View → |
| 2. Adamjee Life Hikmat Plan | bank alfalah | Not published | Not published | View → |
| 3. Adamjee Life Takaful Sarmaya | Faysal Bank | Not published | Not published | View → |
| 4. ALLIED ACCELERATED SAVING PLAN | Allied bank Pakisatn | Not published | Not published | View → |
| 5. Askari Life value Plan | Askari Bank Limited | Not published | Not published | View → |
| 6. Better Life Retirement Plan | UBL Bank | Not published | Not published | View → |
| 7. Crop Loan Insurance Scheme | NRSP Microfinance Bank Limited | Not published | Not published | View → |
| 8. DFT Sunehra Takaful Plan | Soneri Bank | Not published | Not published | View → |
| 9. EFU Sahara Plan A | HBL Bank | Not published | Not published | View → |
| 10. Khushhali Mustaqbil | Khushhali Microfinance Bank | Not published | Not published | View → |
| 11. NBP 3 Payment Plan | NBP | Not published | Not published | View → |
| 12. Adamjee Life Education Plan | MCB Bank | Not published | Not published | View → |
| 13. Alfalah Insurance Car | bank alfalah | Not published | Not published | View → |
| 14. Adamjee Life Takaful Taleem | Faysal Bank | Not published | Not published | View → |
| 15. ALSURANCE | Allied bank Pakisatn | Not published | Not published | View → |
The 15 Insurance Plans in Detail
1. Adamje Life Save & Assure Plan
Bank: MCB Bank
- Interest rate: Not published
- Minimum income: Not published
- Verified benefits: None published on the issuer product page
Be it a comfortable lifestyle, the wellbeing of your family or their future financial security, as a responsible provider to your family, you would like a comprehensive plan that gives you the guarantee to fulfill these dreams. In an increasingly uncertain world, you also need to ensure that your family is free from...
2. Adamjee Life Hikmat Plan
Bank: bank alfalah
- Interest rate: Not published
- Minimum income: Not published
- Verified benefits: None published on the issuer product page
Adamjee Life Hikmat Insurance Plan offers a unique coverage, intended to cover the hospital expenses owing to hospitalization in case of sickness or accident. You can choose a daily allowance that will be paid to you in case of your unfortunate hospitalization caused either by accident or sickness. The benefit doubl...
3. Adamjee Life Takaful Sarmaya
Bank: Faysal Bank
- Interest rate: Not published
- Minimum income: Not published
- Verified benefits: None published on the issuer product page
Adamjee Life Takaful Sarmaya Plus which is a Shariah Compliant unique investment cum protection plan that provides a hassle-free one-time investment option. The protection feature of this plan allows you to seek life coverage the moment you invest in this plan.
4. ALLIED ACCELERATED SAVING PLAN
Bank: Allied bank Pakisatn
- Interest rate: Not published
- Minimum income: Not published
- Verified benefits: None published on the issuer product page
EFU Life brings Accelerated Savings Plan which is designed to help you grow your wealth while you enjoy the security of life protection, so you and your loved ones can live a richer life in all the ways that count. You also get to reap potential returns over and above the premiums you pay, giving your investments a ...
5. Askari Life value Plan
Bank: Askari Bank Limited
- Interest rate: Not published
- Minimum income: Not published
- Verified benefits: None published on the issuer product page
Being conscious about your changing financial needs Askari Life in collaboration with Bank has designed this value plan which not only comprehensive protection but also enables your savings to grow steadily over-time, giving you and your loved one's peace of mind.
6. Better Life Retirement Plan
Bank: UBL Bank
- Interest rate: Not published
- Minimum income: Not published
- Verified benefits: None published on the issuer product page
EFU BetterLife Retirement Plan allows financial independence after retirement. Contributions to the plan are invested in accumulation units to build up substantial capital. At retirement, this capital generates attractive pension payments after the age of 60, as well as a range of protection benefits tailored to one...
7. Crop Loan Insurance Scheme
Bank: NRSP Microfinance Bank Limited
- Interest rate: Not published
- Minimum income: Not published
- Verified benefits: None published on the issuer product page
On the directives of the Prime Minister, the MOF introduced the Mandatory Crop Loan Insurance scheme for five major crops to willing borrowers. In order to share risk of farmers against natural calamities, NRSP Bank offers free crop loan insurance scheme to all borrowers receiving production loans for major fields c...
8. DFT Sunehra Takaful Plan
Bank: Soneri Bank
- Interest rate: Not published
- Minimum income: Not published
- Verified benefits: Sharia compliant
DFT Sunehra Takaful Plan__ helps you manage your future financial needs. It is Shariah compliant investment and financial protection vehicle which can secure your future financial wellbeing.
9. EFU Sahara Plan A
Bank: HBL Bank
- Interest rate: Not published
- Minimum income: Not published
- Verified benefits: Sharia compliant
To deal with your concerns and to give your family a secure future EFU Life –Window Takaful Operations introduces EFU SAHARA PLAN A a unique Shariah Compliant solution plan marketed through HBL. This Term Takaful plan provides protection in case of death due to any cause. The coverage amount will be paid from Waqf F...
10. Khushhali Mustaqbil
Bank: Khushhali Microfinance Bank
- Interest rate: Not published
- Minimum income: Not published
- Verified benefits: None published on the issuer product page
Khushhali Mustaqbil is a unit linked regular premium insurance product mutually designed by Khushhali MFB & Adamjee Life. Product aims to bring value & financial stability to every household by covering them under an umbrella of insurance coverage and providing healthy investment returns to secure your children educ...
11. NBP 3 Payment Plan
Bank: NBP
- Interest rate: Not published
- Minimum income: Not published
- Verified benefits: None published on the issuer product page
3 Payment Plan is a high value protection and savings product. Funds accumulated during the savings term can be utilized for children’s higher education, marriage, house purchase, generating retirement income or for any other purpose. The plan is flexible enough to respond to most individuals’ needs. It aims to deli...
12. Adamjee Life Education Plan
Bank: MCB Bank
- Interest rate: Not published
- Minimum income: Not published
- Verified benefits: None published on the issuer product page
It is the dream of every parent to ensure that his or her children wishes, and future is secure. The expenses of higher education and matrimonial expenses put extreme financial burden on the entire family. It is best to plan ahead and start savings today. Adamjee Life Tameer Education Plan is a life insurance produc...
13. Alfalah Insurance Car
Bank: bank alfalah
- Interest rate: Not published
- Minimum income: Not published
- Verified benefits: None published on the issuer product page
Alfalah Insurance Car-a-vaan Motor Plan is designed for the customers of Bank Alfalah to secure their private automobiles against numerous instances of loss. The customer has flexibility to choose from two variants depending on their need of coverage. Bank Alfalah, in partnership with Alfalah Insurance Company Limit...
14. Adamjee Life Takaful Taleem
Bank: Faysal Bank
- Interest rate: Not published
- Minimum income: Not published
- Verified benefits: None published on the issuer product page
Faysal Bank Ltd. under distribution agreement with Adamjee Life Assurance Ltd. – Window Takaful Operations offers Adamjee Life Takaful Taleem which is a Shariah compliant Takaful plan that enables you to meet your financial objectives for two major family milestones i.e. Higher Education of Children and their Marria...
15. ALSURANCE
Bank: Allied bank Pakisatn
- Interest rate: Not published
- Minimum income: Not published
- Verified benefits: None published on the issuer product page
Because life is so unpredictable accidents can happen when you least expect them. An accident can have a serious financial impact and we may have never thought about the financial consequences to us and our family if we were involved in a serious accident.
7 Smart Tips Before You Apply
What banks won't put in their marketing — but every smart applicant should know.
- Read the exclusions FIRST, not the benefits. Every policy has long lists of what's NOT covered. Pre-existing conditions, hazardous activities, war, and specific illnesses are common exclusions.
- Term life beats whole life for most people. Whole life mixes insurance with investment and pays the agent more. Buy term life and invest the difference.
- Check the claim settlement ratio. Some insurers approve 99% of claims, others only 70%. The cheapest premium is meaningless if claims get denied.
- Understand co-pay and deductibles. A $500 deductible health plan means you pay the first $500 of every claim. "$0 co-pay" sounds great but premiums are 2x.
- Renewal terms matter. Some policies renew automatically with rate hikes you don't see. Set a calendar reminder to review premiums each year.
- Don't over-insure. Insurance is for catastrophic losses, not minor inconveniences. A $500 deductible saves more than a $50 one over time.
- Buy in your 20s/30s, not your 40s. Life insurance premiums rise 8-10% per year of age. A 30-year-old pays half what a 45-year-old pays for the same coverage.
Common Mistakes to Avoid
The five most expensive errors people make with insurance plans:
- Buying insurance you don't need. Salesmen earn high commissions on whole life and ULIPs. Most people only need term life, health, and basic vehicle/home cover.
- Under-insuring to save on premium. A $50,000 life policy on someone with $200,000 income leaves the family broke if the worst happens. Coverage should be 10-20x annual income.
- Letting the policy lapse. A few months without paying = policy cancelled = no payout if needed. Set up auto-debit.
- Not disclosing pre-existing conditions. Hidden conditions found during claim = claim rejected. Be honest at application even if it raises premium.
- Buying through aggregators without reading. Comparison sites simplify into 3 lines. The 30-page policy document has the actual rules. Read before signing.
How to Choose the Right Insurance plan in Pakistan
- Annual fees — compare across banks, some offer zero fee for the first year
- Interest rates — lower rates save money if you carry a balance
- Rewards and benefits — match to your spending habits
- Eligibility — salary and documentation requirements vary by bank
- Digital access — mobile app, internet banking, contactless payments
- Customer support — 24/7 helpline, branch network, dispute resolution time
- Regulation — check the issuer's licence on the State Bank of Pakistan (SBP) public register before you apply
Frequently Asked Questions: Insurance plans in Pakistan
What is the best insurance plan in Pakistan for 2026?
The best insurance plan depends on your priorities — income level, spending habits, and eligibility. Use the comparison table above to filter by rate, benefits, and bank. For premium benefits with worldwide acceptance, look at Platinum tier cards. For low income requirements, classic tier cards offer easier eligibility. Compare the 15 products in this guide above.
What credit score do I need for a insurance plan in Pakistan?
Buzdy does not hold credit-score or credit-bureau data, and each bank sets its own threshold. None of the 15 products in this guide publish a minimum income requirement on their product page, so ask the bank directly before applying.
Can I apply online for a insurance plan in Pakistan?
Yes, most major banks in Pakistan now offer fully online applications. Tap "View" on any insurance plan above to start the application process directly with the bank.
What documents do I need?
Standard documents: valid government ID, tax identification number, proof of address (utility bill or rental agreement), latest 3 months of payslips (for salaried applicants) or 6 months of bank statements (self-employed), and a recent passport-size photograph. Exact requirements vary by bank.
Are these insurance plans regulated and safe?
Retail banking in Pakistan is supervised by State Bank of Pakistan (SBP). Buzdy has not individually verified the licence status of each issuer on this page, so check the regulator’s own public register before you apply — and escalate an unresolved dispute there.
Can I get a insurance plan if I am self-employed in Pakistan?
Yes. Self-employed applicants typically need: business registration, latest tax returns, 6 months of bank statements, and audited financials (for higher tiers). Approval rates are lower than for salaried applicants but several banks specifically cater to small business owners.
What happens if I default on payments?
Missed payments trigger late fees, a credit-score drop, and a higher interest rate going forward. After 90 days of non-payment, the account goes to collections and is reported to credit bureaus. Contact your bank BEFORE missing a payment if you have trouble — most banks offer hardship plans.
Related Guides for Pakistan
- All banks in Pakistan
- Bank branches across Pakistan
- Credit Cards In Pakistan 2026
- Personal Loans In Pakistan 2026
- Savings Accounts In Pakistan 2026
- Pakistan EMI calculator
- Pakistan savings calculator
How We Compare
Our editorial team reviews each product based on annual fees, interest rates, rewards programs, eligibility requirements, and verified bank disclosures. We update this comparison regularly to reflect the latest offers. Data is sourced from official bank websites and verified where regulatory filings are publicly available.
Buzdy compares products from 555 banks across 51 countries. We are not affiliated with any single bank — our rankings are based on objective criteria outlined in our methodology.
Disclosure: Buzdy may earn a referral commission when you apply through links on our site. Commissions never influence rankings. Read our full editorial standards.
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