Pakistan, May 20 -- The Federal Government has introduced the Insurance Bill, 2026 in the National Assembly to make insurance services simpler, faster and more accessible for citizens through digital platforms.

The legislation, proposed by the Securities and Exchange Commission of Pakistan (SECP), seeks to replace the 25-year-old Insurance Ordinance, 2000 and facilitate quicker claim settlements and stronger consumer protection mechanisms.

According to a press release issued by the SECP on Tuesday, the proposed law is also expected to attract investment, promote competition and support the development of affordable and modern insurance products in Pakistan, where the sector has long struggled with low penetration, outdated regulations a...