{"id":538460,"date":"2026-03-27T11:09:00","date_gmt":"2026-03-27T06:09:00","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=538460"},"modified":"2026-03-27T11:09:00","modified_gmt":"2026-03-27T06:09:00","slug":"secp-licenses-first-provincial-government-owned-life-insurer","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/secp-licenses-first-provincial-government-owned-life-insurer\/","title":{"rendered":"SECP licenses first provincial government-owned life insurer"},"content":{"rendered":"<p>ISLAMABAD: The Securities and Exchange Commission of Pakistan has granted a license to M\/s Punjab Life Insurance Company Limited (PLIC), marking the establishment of Pakistan\u2019s first provincial government-owned life insurance company. The Punjab Government, through this company, intends to efficiently manage its social health insurance programs. As per the business proposal, PLIC will work towards Insured-Pakistan, particularly the Insured Punjab objective, thus increasing the insurance penetration in Pakistan. The Company will also provide innovative financial protection and savings solutions to the underserved segments, including the salaried class, small business owners, farmers, and daily wage workers. It will help expand coverage to low-income and vulnerable groups through sustainable insurance products. In addition, the PLIC plans to develop pension-related solutions and annuity products over time. It will also introduce digital insurance products and work closely with the public sector institutions in Punjab to expand outreach and improve service delivery. SECP has actively facilitated this initiative as part of its broader efforts to develop Pakistan\u2019s insurance sector. The company will operate under SECP\u2019s regulatory framework, ensuring compliance with financial soundness, corporate governance, and policyholder protection requirements. Staff Reporter<br \/>\nWith this addition, the total number of life insurers in Pakistan has increased to 13. This reflects steady growth in the sector and supports the expansion of long-term, protection-oriented insurance products across the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The Securities and Exchange Commission of Pakistan has granted a license to M\/s Punjab Life Insurance Company Limited (PLIC), marking the establishment of Pakistan\u2019s first provincial government-owned life insurance company. The Punjab Government, through this company, intends to efficiently manage its social health insurance programs. As per the business proposal, PLIC will work towards [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-538460","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SECP licenses first provincial government-owned life insurer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/secp-licenses-first-provincial-government-owned-life-insurer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SECP licenses first provincial government-owned life insurer\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD: The Securities and Exchange Commission of Pakistan has granted a license to M\/s Punjab Life Insurance Company Limited (PLIC), marking the establishment of Pakistan\u2019s first provincial government-owned life insurance company. 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