Punjab Life Insurance Company Limited has announced the latest Punjab Life Insurance Company Jobs May 2026 Advertisement for highly qualified and experienced professionals in the actuarial field. Punjab Life Insurance Company Limited (PLIC), Pakistan’s first provincial government-owned life insurance company operating under the Government of Punjab, is inviting applications for Lead Actuarial Life and Lead Actuarial Health positions in Lahore. Candidates with strong actuarial expertise, experience in life or health insurance, and knowledge of SECP regulations, IFRS 17, Takaful, and actuarial modeling are encouraged to apply. These positions offer competitive market-based salaries and an excellent opportunity to work in a leading public sector insurance company.
Job Overview
| Details | Information |
|---|---|
| Organization | Punjab Life Insurance Company Limited |
| Job Location | Lahore |
| Job Type | Government-Owned Company Jobs |
| Positions | Lead Actuarial Life & Lead Actuarial Health |
| Grade | Senior Manager / Manager |
| Number of Posts | 01 Each |
| Reporting To | Chief Actuary |
| Education Required | Bachelor’s Degree in Relevant Field |
| Experience Required | Minimum 5 Years |
| Maximum Age Limit | 50 Years |
| Published Date | May 2026 |
| Last Date to Apply | Within 15 Days of Advertisement |
| Application Method | Email & Courier |
| Email Address |
Lead Actuarial Life
Grade
- Senior Manager / Manager
Number of Posts
- 01
Location
- Lahore
Reporting To
- Chief Actuary
Age Limit
- Maximum 50 Years as of closing date
Qualification Requirements
- Minimum Bachelor’s degree in:
- Finance
- Mathematics
- Actuarial Science
- Statistics
- Economics
- Related Field
- Progress in actuarial exams from a recognized actuarial body will be preferred
Experience Required
- Minimum 5 years relevant actuarial experience in Life Insurance
- Preference will be given to candidates with experience in Pakistan insurance sector
Required Skills
- Familiarity with:
- SECP Regulations
- IFRS 17
- Takaful
- Local statutory reporting requirements
- Strong command of:
- Advanced Excel
- Actuarial Modeling
Job Purpose
The Lead Actuarial Life professional will provide actuarial support and oversight for the company’s life insurance business.
Key Responsibilities
Product Development & Pricing
- Pricing of life insurance and pension products for individual and group business
- Premium rate analysis and profitability assessments
- Product regulatory filings
- Benefit design and actuarial input for new products
Reserving & Reporting
- Reserve calculations and valuation work
- Actuarial reporting
- Portfolio performance studies and management dashboards
Reinsurance & Underwriting Support
- Monitoring claims experience and profitability trends
- Managing reinsurance matters and treaty reviews
- Underwriting support, cover limits, and risk assessment
- Large case reviews and stakeholder coordination
Claims & Portfolio Analytics
- Claims data analysis and pricing trends
- Monitoring high-cost cases and adverse trends
- Identification of risk indicators and cost drivers
- Data-driven controls and coordination with stakeholders
Lead Actuarial Health
Grade
- Senior Manager / Manager
Number of Posts
- 01
Location
- Lahore
Reporting To
- Chief Actuary
Age Limit
- Maximum 50 Years
Qualification Requirements
- Bachelor’s degree in:
- Finance
- Mathematics
- Actuarial Science
- Statistics
- Economics
- Related Discipline
- Actuarial exam progress from a recognized actuarial body preferred
Experience Required
- Minimum 5 years actuarial experience in Health Insurance
- Preference for candidates having experience in Pakistan insurance market
Required Skills
- Knowledge of:
- SECP Regulations
- IFRS 17
- Takaful
- Statutory reporting requirements
- Expertise in:
- Advanced Excel
- Actuarial Modeling
Job Purpose
The Lead Actuarial Health professional will oversee actuarial functions and provide support for the company’s health insurance business.
Key Responsibilities
Product Development & Pricing
- Pricing of health insurance products for individuals and groups
- Profitability assessments and premium analysis
- Regulatory product filings and benefit design
Reserving & Reporting
- Reserve calculations and actuarial valuations
- Portfolio reporting and management dashboards
Reinsurance & Underwriting Support
- Review reinsurance matters and treaty terms
- Analyze persistency trends and claims experience
- Support underwriting decisions and risk evaluations
Claims & Portfolio Analytics
- Analyze claims patterns and pricing structures
- Identify adverse trends and risk leakage indicators
- Coordinate with internal and external stakeholders
How to Apply
Interested candidates fulfilling the eligibility criteria should send the following documents:
- Updated CV
- Copy of CNIC
- Domicile
- Academic Credentials
- Professional Experience Letters
- Two Passport Size Photographs
Applications should be sent through email or courier within 15 days of advertisement publication.
Email Address
Postal Address
Punjab Life Insurance Company Limited
1st Floor, Pakistan Engineering Congress Building,
97-A, Block D1, Liberty Market Gulberg III,
Lahore
Important: Mention the applied position clearly on the envelope and in the email subject line.
Terms and Conditions
- Only shortlisted candidates will be called for interview.
- No TA/DA will be admissible for interview.
- PLIC reserves the right to accept or reject any application without assigning any reason.
- Punjab Life Insurance Company Limited is an equal opportunity employer.
- Females, minorities, differently-abled persons (PWDs), and transgender individuals are encouraged to apply.
- The advertised positions offer market-based competitive remuneration.
- Applications must be submitted within 15 days of advertisement publication.