Microdosing insurance via tech and telecom

For most Pakistanis, insurance remains a foreign concept — something distant, complicated, and often seen as unnecessary. But this disconnect comes at a cost. With insurance penetration at just 0.87 per cent of GDP in 2022, covering a mere 3pc of the population, compared to a global average of around 6.7pc, millions of families across Pakistan remain one accident, illness, or disaster away from financial ruin. This is not just a statistic; it is a reflection of a massive protection gap that exposes society’s most vulnerable to life’s shocks without a safety net. In comparison, regional peers, like China, have achieved insurance penetration rates of around 4pc of GDP, underscoring how far Pakistan lags behind. In 2022, Pakistan’s insurance density stood alarmingly low at just $14 (approximately Rs2,000).