United Window takaful

What United Window takaful does

United Window Takaful (UWT) is the Window Takaful Operations division of The United Insurance Company of Pakistan Limited, operating as Pakistan's first licensed Window Takaful Operator. Authorized by the Securities and Exchange Commission of Pakistan (SECP) under the Takaful Rules 2012 in August 2014, the division offers Shariah-compliant cooperative risk-sharing insurance products across Motor, Health, Corporate Health, Fire, Engineering, Marine Cargo, and Miscellaneous Takaful lines. It serves both individual retail customers and corporate/SME clients across Pakistan.

The business operates on the takaful model, where participants contribute into a common fund managed on their behalf, with underwriting surpluses returned to participants rather than transferred to shareholders. UWT is back-stopped by an international re-takaful panel comprising Swiss-Re, GIC Re-Takaful, and Lubuan Re, enabling it to underwrite larger commercial risks in Fire, Engineering, and Marine Cargo. The parent group carries an A+ IFS rating from PACRA and ranks as the 4th largest general insurer in Pakistan, providing underwriting credibility, capital backing, and an embedded distribution platform of more than 110 branches that UWT leverages for policy issuance, servicing, and claims handling.

UWT's go-to-market combines retail distribution through the parent branch network with partnership-driven channels, most notably a motor insurance program with Pak Suzuki signed in late 2024. Recent strategic activity includes a brand refresh to "TAMEEM" in 2025 and the introduction of Corporate Health Takaful, signaling an effort to broaden customer segments beyond retail motor and to modernize brand presentation for partnership-led and digital expansion.

Name

United Window takaful

Legal name

The United Insurance Company of Pakistan Limited

Website

https://uicwindowtakaful.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

United Window Takaful is Pakistan's first licensed Window Takaful Operator, operating as a division of The United Insurance Company of Pakistan Limited and offering Shariah-compliant cooperative insurance products in Motor, Health, Fire, Engineering, Marine, and related lines to individuals and businesses across Pakistan.

Ownership category

akta.pro rank

Headquarters

HQ city

Lahore

HQ country

Pakistan

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain, Others

Revenue model

1. Takaful Contributions: Members contribute money into a pool to guarantee each other against loss or damage. Operating on cooperative risk-sharing model compliant with Shariah law, where contributions are used to cover claims and maintained under separate window takaful operations.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

United Window Takaful Operations is a Window Takaful Operator providing Shariah-compliant insurance products as a separate division of The United Insurance Company of Pakistan Limited. The company offers motor, health, corporate health, fire, engineering, marine cargo, and miscellaneous takaful products under a cooperative risk-sharing model compliant with SECP Takaful Rules 2012. Members contribute to a common pool to guarantee each other against loss or damage, with coverage available to both individuals and businesses across Pakistan.

Product overview

United Window Takaful is a Window Takaful Operator offering a portfolio of Shariah-compliant insurance products. The company operates as a separate division of The United Insurance Company of Pakistan Ltd and provides seven core product categories: Motor Takaful (vehicle protection), Health Takaful and Corporate Health Takaful (medical coverage), Fire Takaful (property protection), Engineering Takaful (construction and machinery coverage), Marine Cargo Takaful (goods in transit), and Miscellaneous Takaful (specialized risks including Money, Workmen's Compensation, Burglary, Personal Accident, and Public Liability). The company rebranded to TAMEEM in 2025. All products operate under a cooperative risk-sharing model compliant with SECP Takaful Rules 2012 and Islamic Shariah principles.

Differentiator

Problem solved

Functional benefit

Products and services

• Motor Takaful Shariah-compliant vehicle insurance covering private vehicles, commercial vehicles, motorcycles, and third-party liability against accidental damage, theft, or total loss under a cooperative risk-sharing model.
• Health Takaful Shariah-compliant health insurance providing hospitalization, surgeries, diagnostics, day care treatments, and emergency support for individuals and families.
• Corporate Health Takaful Group medical coverage for employees including hospitalization, surgeries, diagnostics, with coverage limits of Rs.100,000-Rs.150,000 per person annually and room & board Rs.8,000-Rs.10,000 per day.
• Fire Takaful Property insurance covering losses from fire, lightning, explosions, and allied risks including earthquake, flood, and burglary.
• Engineering Takaful Coverage for construction projects, machinery, and equipment including Contractor's All Risk, Erection All Risk, and Machinery Breakdown policies.
• Marine Cargo Takaful Insurance for goods in transit by sea, air, land, or parcel post covering import, export, and inland transit shipments from warehouse to warehouse.
• Miscellaneous Takaful Flexible coverage for specialized risks including Money Takaful, Workmen's Compensation, Burglary, All Risks, Fidelity, Shop Comprehensive, Mobile Phone, Personal Accident, and Public Liability.
• Suzuki Insurance Program Motor insurance program available at all Pak Suzuki dealerships across Pakistan providing both conventional and Takaful options with online policy issuance, authorized repair network with genuine parts warranty, and streamlined claims process.

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core.

• Pak Suzuki Motor Co.coreGTM or Marketing Partner · 29 November 2024Partnership to offer Suzuki Insurance Program at all Pak Suzuki dealerships across Pakistan. Provides comprehensive insurance solutions including both conventional and Takaful (Islamic insurance) options. The program includes online policy issuance for quick 'Walk-in, Drive-out Insured' experience, access to authorized repair network with genuine parts warranty, and streamlined claims process with competitive premiums.
• Swiss-Re Takaful LtdcoreOthers · 18 August 2014International Re-Takaful partner providing treaty arrangements for holding big risks. Strong re-takaful arrangements maintained to support Window Takaful Operations.
• GIC Re-TakafulcoreOthers · 18 August 2014International Re-Takaful partner based in Dubai providing treaty arrangements for big risk coverage. Part of strong re-takaful network.
• Lubuan RecoreOthers · 18 August 2014International Re-Takaful partner from Malaysia providing treaty arrangements enabling big risk capacity.
• The United Insurance Company of Pakistan LtdcoreOthersParent company - The United Insurance Company of Pakistan Limited, established October 20, 1959. Fourth largest general insurance company of Pakistan with 110+ branches. A+ IFS rating from PACRA.

Scale indicators6 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Jubilee Takaful: Pakistani Takaful subsidiary of Jubilee Insurance, offering individual and group family Takaful as well as general Takaful lines. Comparable as a Shariah-compliant alternative serving the same customer base in Pakistan.
• Asia Insurance Window Takaful: Window Takaful operation of Asia Insurance Company Pakistan offering Shariah-compliant general takaful products. Direct structural and product-level peer given the same Window Takaful model under SECP Takaful Rules 2012.
• EFU Takaful: One of the largest dedicated Takaful operators in Pakistan offering family and general Takaful products. Directly comparable as a Shariah-compliant alternative to conventional insurance serving both individual and corporate customers in the same Pakistani market.
• SPI Insurance Window Takaful: Window Takaful operator under SECP rules offering general Takaful products. Comparable as a small Pakistani Window Takaful operator competing in similar product segments.
• Pak-Qatar Family Takaful: Established Pakistani Takaful operator (joint venture with Qatar-based group) offering family and general Takaful products. Comparable as a Shariah-compliant insurance provider competing in the same Pakistani individual and corporate segments.
• Adamjee Takaful: Takaful subsidiary of Adamjee Insurance, offering general and family Takaful products in Pakistan. Direct peer given overlapping product lines, Shariah-compliant model, and similar target market.
• Pak-Qatar General Takaful: General Takaful arm of the Pak-Qatar group underwriting motor, fire, marine, engineering, and health Takaful in Pakistan. Direct overlap with UWT's product portfolio and target customers.
• Takaful Pakistan: One of the early dedicated Takaful operators in Pakistan providing family and general Takaful products. Competes directly with UWT for Shariah-conscious individual and corporate customers in the same market.

Emerging players

• PRIME Takaful: Relatively newer Takaful entrant in Pakistan offering Shariah-compliant general and family Takaful. Comparable as an emerging competitor in the same Pakistani Takaful market with overlapping customer focus.

Regional players

• Etiqa Takaful: Malaysian Takaful operator (part of the Maybank group) offering family and general Takaful products across Southeast Asia. Comparable as a Takaful model benchmark demonstrating what a scaled Shariah-compliant insurance operation looks like, though it does not compete in Pakistan.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/unitedwindowtakaful

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about United Window takaful