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We’ve experience more than 10+ years with success.
We’ve experience more than 10+ years with success.
We’ve experience more than 10+ years with success.
Punjab Life Insurance Company Limited (PLIC) is a landmark public sector initiative of the Government of the Punjab established to strengthen financial protection and social security for citizens across Pakistan. PLIC is the first life insurance company established under provincial ownership. Incorporated in August 2025 with a paid-up capital of PKR 3 billion, PLIC was granted operational license by the Securities and Exchange Commission of Pakistan (SECP) in March 2026 to undertake life insurance, health insurance and pension business. The company achieved a notable regulatory milestone by receiving one of the fastest licenses issued to a newly established insurance company in Pakistan and makes it 13th life insurance company in Pakistan in the process.
PLIC, under GoPb’s Finance Department’s robust Financial Institutions eco system, has been created to serve as a strategic insurance platform for the Government of the Punjab, enabling the province to manage large-scale life and health protection and financial inclusion programs more efficiently and transparently. In its first phase, the company is working to assume operational responsibility for flagship public health initiatives, including the Chief Minister’s health programs and the Sehat Sahulat Program.
PLIC’s long-term vision is to become a leading national provider of inclusive insurance solutions for all socio-economic segments, with a special focus on underserved population. The company plans to introduce a broad portfolio of innovative products, including but not limited to pension plans for the general public, life and health protection against natural disasters, contributory social health insurance, and customized solutions for women, transgender persons, breadwinners, financially vulnerable population segments, overseas Pakistanis, farmers and students.
Recognizing the growing demand for Islamic financial solutions, PLIC also plans to offer Shariah-compliant Takaful products. This expansion will allow the company to cater to customers who prefer faith-based financial protection while reinforcing its commitment to inclusivity and consumer choice.
As a wholly government-owned insurer, PLIC represents a transformative institutional innovation for Punjab. It combines public sector credibility with professional insurance capabilities to deliver affordable, transparent and scalable protection solutions. By aligning commercial insurance expertise with social policy objectives, Punjab Life Insurance Company is poised to play a pivotal role in enhancing financial resilience, improving healthcare access and advancing the Government of the Punjab’s broader agenda for inclusive and sustainable development.
Rizwan and Co, Chartered Accountants
Kilam Law (Barristers and Legal Consultants)
BADRI Management Consultancy (Private) Limited
All classes of life insurance business as specified in the Insurance Ordinance, 2000
Public Interest Company (PIC) - Non-Listed Company
Company Name : Punjab Life Insurance Company Limited
SECP Incorporation Number: 0304587
Date: 12 August, 2025
National Tax Number (NTN) : H279687
License issued by SECP as life Insurer under Insurance Ordinance, 2000
Date: 18 March, 2026
Click to open :
License Certificate
Name: Sandeep Kumar (Company Secretary)
Email: sandeep.kumar@punjablife.com.pk
Phone No: 042-37897452 & 042-37897669
Address: Punjab Life Insurance Company, First Floor, Punjab Engineering Congress Building, 97-A/D-1, Liberty Market, Gulberg III, Lahore
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