UBL Insurers Limited is a general insurance company jointly owned by United Bank Limited (UBL) and the Bestway Group. It was officially launched in January 2007 and is licensed by the Securities and Exchange Commission of Pakistan Business Recorderublinsurers.com.
As a registered insurer, it’s also a member of the Insurance Association of Pakistan ublinsurers.com.
Corporate Background
UBL Insurers operates under the vision of merging banking and insurance, delivering comprehensive financial solutions to UBL’s existing customers while expanding its reach ublinsurers.com+1. The company has built a strong underwriting framework by employing experienced professionals and emphasizes efficient claims processing tailored to customer needs ublinsurers.com+2ublinsurers.com+2.
It holds an “AA” rating from JCR-VIS and, in later updates, a “AA+ Stable” rating ublinsurers.com+2ublinsurers.com+2.
Branch Network & Scale
UBL Insurers boasts a wide network with branches across major cities such as Karachi, Lahore, Islamabad, Multan, Faisalabad, Hyderabad, Bahawalpur, and a sub-office in Peshawar ublinsurers.com+1.
Product Portfolio
The company offers a variety of general insurance products including (but not limited to):
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Motor Insurance
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Health Insurance
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Travel Insurance
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Cargo & Marine Insurance
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Fire Insurance
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Livestock and Crop Insurance ublinsurers.comb2c.com.pk
Notably, they also offer Takaful (Islamic insurance) via a window operation, structured on the Wakala model to comply with Shariah principles ublinsurers.com.
Strategic Partnerships
UBL Insurers has formed notable partnerships, such as with Careem, offering a bundled insurance package that covers vehicles, drivers (“captains”), hospitalization, mobile phones, and vehicle trackers — specifically tailored for ride-hailing service providers and drivers The Express Tribune+1.
Leadership & Governance
As of mid-2025, the CEO of UBL Insurers is Sharjeel Shahid, and the Chairman is Syed Manzoor Hussain Zaidi, appointed in March 2025 ublinsurers.com+1. The company aligns itself with values like Service, Integrity, Collaboration, Respect, and Protection, all of which are integral to their vision and mission ublinsurers.com+1.
Summary Table
| Feature | Details |
|---|---|
| Established | 2007 (January) |
| Ownership | UBL & Bestway Group |
| Rating | AA / AA+ (JCR-VIS) |
| Branches | Across major Pakistani cities and sub-offices |
| Key Products | Motor, Health, Travel, Marine, Fire, Livestock/Crop, Takaful |
| Notable Partner | Careem (comprehensive cover for drivers and vehicles) |
| Leadership | CEO: Sharjeel Shahid; Chairman: Syed Manzoor Hussain Zaidi |
| Core Values | Service, Integrity, Collaboration, Respect, Protection |
Final Thoughts
UBL Insurers leverages its affiliation with UBL to offer a broad range of general and Islamic (Takaful) insurance products across Pakistan. Its strong financial rating, diverse coverage options, and strategic alliances like the one with Careem reflect its ambition to be among the top trusted insurers in the country.
If you’re curious about specific insurance products—like motor, health, cargo, or Takaful—I can dive deeper into any of these offerings for you.