ISLAMABAD, May 2 (APP): The Securities and Exchange Commission
of Pakistan (SECP) has approved a new micro insurance product
under the SECP (Microinsurance) Rules, 2014 with the name
“First Sehat Tahafuz Plan”.
Under the plan, micro health (hospitalization) coverage
can be provided to low income clients of a microfinance
institution, a statement issued by the commission here.
The initiative is in line with the objectives of
National Financial Inclusion Strategy (NFIS) recently adopted
by the federal government, and aimed at promoting and
developing the microinsurance market in Pakistan.