Agency to make affordable life, health, and hospitalisation insurance for hundreds of thousands of Pakistan’s poor.
Karachi, 27 February 2008 – The First Microinsurance Agency (FMiA) was inaugurated today as Pakistan’s first dedicated micro-insurance agency. FMiA will provide innovative life and health microinsurance products that are carefully tailored to the needs of poor families. It is working in partnership with New Jubilee Life, a subsidiary of the Aga Khan Fund for Economic Development (AKFED) and one of Pakistan’s leading insurance companies, as its principal insurer. FMiA is also the first insurance agency in Pakistan to be established as a company rather than as an individual enterprise.
Microinsurance includes a range of products that can help the working poor manage economic hardship such as natural disaster, hospitalisation, or a death in the family. Poor families in the developing world are more likely to experience financial hardships that can make it impossible to rise out of poverty. Less than three percent of people in the world’s 100 poorest countries have any type of insurance to protect them from financial shock.
Complete at the source: AKDN Press Release
Ismailimail 
Its blessing of Lord that we have The First Micro Finance Bank in Pakistan and through out the world. It not only provides finance to poor nation of Pakistan but it also encourage the poor nation that how to meet the more upcoming challenges of this difficult era.
I really Thanks to Sir Aga Khan 4th for his this warmth kindness on us, specially at North. But its also request to Management to have equality in all level of people.
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