Insurance Companies Paid Over 1 Million Claims Worth Rs. 542 Billion in 2025: SECP
Insurance companies in Pakistan paid more than 1 million claims in 2025, with life and non life insurers collectively disbursing … Read More The post Insurance Companies Paid Over 1 Million Claims Worth Rs. 542 Billion in 2025: SECP appeared first on ProPakistani .
In 2025, Pakistani insurance companies disbursed more than one million claims, totaling Rs. 542 billion, according to the Securities and Exchange Commission of Pakistan (SECP). The SECP released comprehensive claims data for the first time, covering payments across various life and non-life insurance categories. Life insurance firms settled Rs.
410 billion in claims, including over 33,000 death-related claims. Non-life insurers paid Rs. 132 billion in claims, which encompassed more than 720,000 health and accident claims, along with over 282,000 motor insurance claims. Additionally, around 11,000 fire and property claims were settled. SECP Chairman Dr. Kabir Ahmed Sidhu emphasized that releasing detailed claims data would enhance accountability in the insurance sector, highlighting the importance of timely claim payments to maintain policyholders' confidence.
The insurance sector's total premium rose by 15 percent to Rs. 778 billion, while assets grew to Rs. 4.1 trillion. Notably, premiums generated through digital channels surged by 71 percent during the year.
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