Car insurance is the most widely used insurance in the Pakistan. Car insurance covers many losses and damages including bodily injury.
Car Insurance & Pakistani Law
According to the Pakistani law, car insurance is the obligatory and compulsory. As per traffic law a car driver must have proper third party liability insurance.What is insurance? It is the main point in mind of the every person. Insurance is the security policy which benefited in present and future both. The general meaning of insurance is “the compensation of loss in car accident”.
Third Party Liabilities
Third party loss is the biggest loss during any accident and loss. Third party loss reimbursement is the most stiffed and supreme task for any person and insurance company.
Accidents and Damages of Vehicles
When you handover the cars in drivers hand than the chances of accidents are increasing 20% more. The main aim of motor insurance and car secure plan is to indemnify the losses and damages occurbecause of any accident.
Theft
According to the statistics 3856 stolen car cases are registered in Pakistan Police Stations. Pakistan is under developed country and people don’t have proper business or source of income. That’s why illiterate and uneducated people attracted towards malicious acts.
Fire and Natural Disasters
Good insurance policy is also covers depletion of motor because of fire and any natural disasters. Some incidents are decided by nature and we have to face in any ways but people should adopt alternate ways to indemnify the loss. For comprehensive compensation proper car insurance will help the client.
Lahore - Vibrant City of Pakistan
Lahore is one of the most populated city of Pakistan. Lahore is famous because of its traffic. Lahore is full of hustle and bustle. There are a lot of accidents occurs on Lahore roads.
Car Accidents Several car accidents results in a serious loss and damage and in case of expensive vehicle damage, expenses will increase from thousands to lacs.
Car Insurance
In case of emergency insurance will covers all the losses including bodily injury, death and personal accidents. Car insurance indemnifies all the losses of the car.
Below are some major car insurance companies in Lahore
• EFU• The United Insurance Company of Pakistan Limited• Adamjee• Jubilee Insurance
EFU EFU is one of the top insurance company in Lahore. EFU deals in large amount of insurance products.
The United Insurance Company of Pakistan Limited
The UIC is one of the best leading insurance company in Lahore which provides exceptional services to the client. The United Insurance Company of Pakistan Limited is a general insurance company. Client centric policy of The United Insurance Company of Pakistan Limited is one of the most encouraged scheme by clients and other people.
Adamjee
Adamjee is also an insurance company which have vast range of insurance products. It offers good packages for car or motor insurance.
Jubilee InsuranceJubilee insurance is also in the top listed insurance companies of Pakistan. Jubilee insurance deals in many types of insurance.
Winding Up
These are some insurance companies in Lahore and all these companies highlighted their names with great effort. All these companies are unique because of their services. The widely used product of every insurance company is car insurance or motor secure plan.
Navigating Travel Insurance Options in Pakistan
Travel insurance in Pakistan serves as a crucial safety net, offering financial protection and peace of mind to travelers facing unexpected challenges on their journeys. This type of insurance typically covers a range of incidents from the start to the end of a trip, including medical emergencies, loss of luggage, and trip cancellations, all for a relatively modest premium. As the demand for travel insurance grows, numerous companies in Pakistan are stepping up to provide diverse packages tailored to the needs of modern travelers.
Marine Insurance
What is the Marine Insurance? Marine insurance is the advance form of insurance which is specially designed to fulfill the needs of business society. “Marine insurance is a type of insurance which compensate all the losses and damages occur during transit”
