Securities and Exchange Commission of Pakistan (SECP) is starting campaign to introduce benefits of life insurance and family Takaful. Insurance and Takaful companies are providing yearly return to policy holders according to the policy amount. Normally policy limits is from 10 to 20 years.
The life insurance products are developing from time to time. That’s why it is making necessary for human life to protect future of their families. In case of disability and other incidents life insurance covered these risks.
SECP has issued notices to Insurance and Takaful companies to make effective policies and change business criteria for customer and policyholders. Companies should follow basic rules and principles of life insurance. The SECP believe that new directive would enhance policyholders and it will produce further expansion in the insurance businesses.
By Talha Pasha