Pakistan’s Premier Insurance & Policy Portal
Premium & Deductible Estimator
Calculate auto, health, and life insurance costs in Pakistan
Deductible / Excess
Rs. 25,000
Estimated Monthly
Rs. 5,104
Estimated Annual Premium
Rs. 61,250
*Calculations are indicative based on standard Pakistani market rates (1.5%–2.0% auto tariff, health tiers, and life mortality rates).
Understanding Insurance Premiums & Deductibles in Pakistan
Choosing the right insurance policy in Pakistan requires balancing two essential numbers: your premium (the amount you pay monthly or annually) and your deductible (the amount you pay out-of-pocket when making a claim).
Whether you are looking for comprehensive auto insurance in Lahore, family health coverage in Karachi, or life takaful in Islamabad, our calculator provides accurate estimates based on current local underwriting practices.
How Insurance Premiums Are Calculated in Pakistan
| Insurance Type | Key Pricing Factors | Average Market Cost in Pakistan |
| Car Insurance | Vehicle market value, tracker installation, engine displacement (cc) | 1.5% to 2.2% of vehicle invoice/market value |
| Health Insurance | Age bracket, pre-existing conditions, room rent limits, family size | Rs. 18,000 – Rs. 75,000 per year |
| Life / Takaful | Sum assured, applicant age, term period, medical history | Rs. 2,500 – Rs. 4,000 per million assured |
Understanding the Deductible (Excess)
A deductible (often referred to by Pakistani insurers as “excess”) is your financial contribution to an insured loss:
- Higher Deductible = Lower Premium: If you agree to pay Rs. 50,000 out-of-pocket on a car repair, your annual insurance premium drops significantly.
- Lower Deductible = Higher Premium: If you prefer zero out-of-pocket expenses when an emergency occurs, you will pay a slightly higher annual premium.
Takaful (Islamic Insurance) vs. Conventional Insurance
In Pakistan, all top insurance providers offer both Conventional Insurance and Shariah-compliant Takaful plans:
- Takaful operates on the principle of Tabarru (mutual donation and shared risk), where participants contribute to a common pool managed by a Wakalah operator.
- The premium rates and deductible mechanics for Takaful are virtually identical to conventional estimates shown in the calculator above.
Frequently Asked Questions (FAQs)
What is the difference between comprehensive and third-party car insurance?
Third-party insurance is legally mandatory in Pakistan and covers damages to other vehicles and property. Comprehensive insurance covers damage to your own vehicle caused by accidents, fire, natural disasters, and theft.
Does health insurance cover OPD (Outpatient Department) expenses?
Standard individual and corporate policies primarily cover hospitalization (IPD). OPD coverage for doctor consultations and prescription medicines is usually offered as an optional add-on or in higher-tier executive packages.
How can I lower my insurance premium in Pakistan?
Install an approved tracking device in your vehicle.
Choose a slightly higher deductible (excess).
Avail multi-policy discounts by bundling life, health, and motor coverage with the same provider.