Pakistan plans to double insurance coverage, financial benefits for overseas workers – officials

Pakistanio labourers work at a construction site in the Saudi capital Riyadh on June 6, 2020. (AFP/File)
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Updated 20 January 2022
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Pakistan plans to double insurance coverage, financial benefits for overseas workers – officials

  • The country’s state-own insurance company wants to increase the coverage period to ten years and take monetary benefit to Rs2 million
  • It also intends to provide organ insurance coverage for those nationals who suffer kidney or liver failures abroad

KARACHI: Pakistan plans to increase insurance coverage period along with financial benefits for its overseas nationals and add organ insurance to its product list, officials said on Thursday.
State Life Insurance Company, the only state-owned entity in the life insurance business, currently covers over half a million Pakistani workers, mostly in Saudi Arabia, the United Arab Emirates and other gulf countries.
Officials are now planning to enhance the coverage of overseas Pakistani workers through the Bureau of Emigration and Overseas Employment.
“We have presented a proposal to the government by working with the Bureau of Emigration to provide maximum monetary benefits to our laborers,” Shoaib Javed Hussain, the company’s chairman, said while briefing members of the Council of Economic and Energy Journalists on Thursday.
“The major insurance usage comes from our labor force based in the UAE and other gulf countries,” he said, adding: “On the whole, about 130 million lives of Pakistanis are covered by the company.”




Chairman State Life Insurance Shoaib Javed Hussain is briefing members of the Council of Economic and Energy Journalists about the performance of the country's only state-owned insurance company in Karachi, Pakistan, on January 20, 2022. (AN photo)

Hussain informed the insurance coverage was currently provided for five years which was proposed to be increased to 10 years while exceeding monetary benefits to two million rupees.
“Currently, Pakistani workers pay a premium of Rs2,500,” Dr. Mushtaq Ahmed Memon, who works with the company as divisional head (group and pension), told Arab News. “We provide the Rs1 million insurance coverage against that amount in case of loss of life or limb.”
“We have proposed to increase the coverage to 10 years and financial benefits to Rs2 million so that overseas Pakistanis can get maximum benefit,” he added.
The company officials said they had also planned to provide insurance coverage to Pakistani workers who suffer organ damages abroad and are eventually repatriated.
“We are going to add organ insurance to our list,” Memon said. “When Pakistanis move abroad, their work environment changes. We frequently hear from them instances of kidney and liver failures. Many of them come back after losing their jobs in such instances. In this case, we have proposed to compensate them with Rs500,000 against a payment of only Rs300.”
Life insurance penetration is only 0.6 percent of Pakistan’s gross domestic product with a total market size of about Rs243 billion as of 2020. About nine organizations are operating in life insurance in Pakistan, but the state-owned company has the major market share of 54 percent.
The company officials said their net income had increased by more than 34 percent to Rs160 billion after its assets posted a growth of about 14 percent to Rs1.36 trillion.
“The company has paid Rs103.25 billion in claim payments to policy holders which is 60 percent more than the previous year,” its chairman told journalists, adding: “Social protection rather than profit maximization is the core purpose of the company.”
He said that state life was in process of launching health insurance in the country which would be cost effective and provide extensive coverage.


Pakistan, other Muslim states raise alarm over Gaza situation after heavy flooding

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Pakistan, other Muslim states raise alarm over Gaza situation after heavy flooding

  • Cold winter rains have repeatedly lashed the sprawling tent cities, turning Gaza’s dirt roads into mud and causing damaged buildings to collapse
  • The situation has been compounded by lack of sufficient humanitarian access, acute shortages of essential life-saving supplies and materials

ISLAMABAD: Foreign ministers of Pakistan, Saudi Arabia and other Muslim nations on Friday voiced concern over the situation in Gaza, following severe flooding triggered by heavy rains in the territory.

As 2026 begins, the shaky 12-week-old ceasefire between Israel and Hamas has largely ended large-scale Israeli bombardment of Gaza. But Palestinians are still being killed almost daily by Israeli fire, and the humanitarian crisis shows no signs of abating.

Cold winter rains have repeatedly lashed the sprawling tent cities over past weeks, turning Gaza’s dirt roads into mud and causing buildings damaged in Israeli bombardment to collapse. UNICEF says at least six children have now died of weather-related causes.

In a joint message, foreign ministers of Pakistan, Saudi Arabia, Egypt, Indonesia, Jordan, Qatar, Türkiye, the United Arab Emirates, expressed their “deepest concern” over the situation, compounded by lack of sufficient humanitarian access, acute shortages of essential life-saving supplies, and the slow pace of the entry of essential materials required for the rehabilitation of basic services.

“The ministers highlighted that the severe weather has laid bare the fragility of existing humanitarian conditions, particularly for almost 1.9 million people and displaced families living in inadequate shelters,” the Pakistani foreign ministry said in a joint statement.

“Flooded camps, damaged tents, the collapse of damaged buildings, and exposure to cold temperatures coupled with malnutrition, have significantly heightened risks to civilian lives, including due to disease outbreaks, especially among children, women, the elderly, and individuals with medical vulnerabilities.”

The statement came a day after UNICEF said a 7-year-old, Ata Mai, had drowned Saturday in severe flooding that engulfed his tent camp in Gaza City. Mai had been living with his younger siblings and family in a camp of around 40 tents.

They lost their mother earlier in the war, according to the UN agency.

Video from Civil Defense teams, shown on Al Jazeera, showed rescue workers trying to get Mai’s body out of what appeared to be a pit filled with muddy water surrounded by wreckage of bombed buildings. The men waded into the water, pulling at the boy’s ankle, the only part of his body visible. Later, the body is shown wrapped in a muddy cloth being loaded into an ambulance.

Foreign minister of Pakistan, Saudi Arabia and other states appreciated the efforts of all United Nations (UN) organizations and agencies as well as non-government organizations (NGOs) in continuing to assist Palestinian civilians and deliver humanitarian assistance under extremely difficult and complex circumstances.

“They demanded that Israel ensure the UN and international NGOs are able to operate in Gaza and the West Bank in a sustained, predictable, and unrestricted manner, given their integral role in the humanitarian response in the Strip. Any attempt to impede their ability to operate is unacceptable,” the statement read.

The foreign ministers reaffirmed support to President Donald Trump’s plan for Gaza, with a view to ensuring the sustainability of the ceasefire, bringing an end to the war in Gaza, to secure a dignified life for the Palestinian people who have endured prolonged humanitarian suffering, and leading to a credible pathway to Palestinian self-determination and statehood.

“In this context, they stressed the urgent need to immediately initiate and scale up early recovery efforts, including the provision of durable and dignified shelter to protect the population from the severe winter conditions,” the statement read further.

“The ministers called on the international community to uphold its legal and moral responsibilities and to pressure Israel, as the occupying power, to immediately lift constraints on the entry and distribution of essential supplies including tents, shelter materials, medical assistance, clean water, fuel, and sanitation support.”