Private sector life insurance companies: an analysis.(Industry Overview)

- An Analysis

In 1992 the Government of Pakistan opened up life insurance to the private sector, issuing licences to three Pakistani companies - EFU Life, Metropolitan Life and New Jubilee Life. The first two companies commenced business towards the end of 1992 while New Jubilee has yet to enter the market, perhaps having reconsidered its initial plans for commencing life business. The caretaker government of Mr. Moin Qureshi took the major policy (and somewhat controversial) decision of opening up Pakistan's life insurance market to foreign insurance companies in 1993, al