📌 Key Highlights & Quick Takeaways:
- Third party motor insurance has increased by 40 times since third party motor insurance was made mandatory in Sindh in March this year after.
- These reforms were introduced by the Government of Sindh with the support of the Securities and Exchange Commission of Pakistan. Motor Insur.
- Also affiliated with Sindh Vehicle Registration and Taxation Department, Third Party Motor Insurance provides financial protection to road a.
Third party motor insurance has increased by 40 times since third party motor insurance was made mandatory in Sindh in March this year after the amendments in the motor vehicle law. The number of third party motor insurance policies increased to 452,515 by November, which is 11,200 in March 2026. This increase is about 3,940 percent or 40 times.
These reforms were introduced by the Government of Sindh with the support of the Securities and Exchange Commission of Pakistan. Motor Insurance Repository established by Central Depository Company to support implementation of compulsory third party motor insurance. This repository facilitates digital verification of insurance policies.
Also affiliated with Sindh Vehicle Registration and Taxation Department, Third Party Motor Insurance provides financial protection to road accident victims.
Covers liability for injury, death or property damage to others in the event of an accident under the terms of the policy and applicable law. This does not cover damage to the policyholder's own vehicle. Sindh has about 2.6 lakh vehicles registered, so there is scope for further expansion in insurance coverage.
