2026-04-02

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Circular 06 of 2026 – Amendment in Circular No. 31 of 2021 on Statement of Performance Information

The Securities and Exchange Commission of Pakistan amends Circular No. 31 of 2021 to require all life and non-life insurers, including family and general takaful operators, to submit performance information using a revised standardized format that includes gender-disaggregated data. These entities must submit the required information annually by April 30 each year, with the first submission due by April 30, 2026. The directive mandates adherence to the enclosed instruction manual and specific formats for non-life and life sectors.

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SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN

Insurance Division

Life and Non-Life Policy and Approvals Department


Circular No. 06 of 2026

Islamabad, March 16, 2026


Subject: Amendment in Circular No. 31 of 2021 - Statement of Performance Information on Annual Basis

This is in continuation to the Circular No. 31 of 2021 dated November 9, 2021 on the captioned subject in relation to the submission of performance information in accordance with the prescribed standardized format. In order to capture more granular information, particularly gender-disaggregated data, Securities and Exchange Commission (the “SECP”), in exercise of the powers conferred by Section 40B of the Securities and Exchange Commission Act, 1997 (Act XLII of 1997), hereby directs all life and non-life insurers including family and general takaful operators, to submit performance information required via Circular No. 31 of 2021 dated November 9, 2021, in accordance with the revised standardized format enclosed herewith, wherein the changes from the earlier submission format have been duly highlighted. The said information shall be submitted on an annual basis by April 30 each year, commencing from April 30, 2026.


Dr. Kabir Ahmed Sidhu
Commissioner – Insurance


Enclosed:

  • Annexure – A: Instruction Manual
  • Annexure – B: Non-life format
  • Annexure – C: Life format

Distribution:

  1. All life and Non-life insurers and family and general takaful operators; and
  2. The Insurance Association of Pakistan

Insurance Division, 3rd Floor, NIC Building, 63 Jinnah Avenue, Islamabad
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Web: www.secp.gov.pk
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