First Microinsurance Agency Established in Pakistan

Agency to make affordable life, health, and hospitalisation insurance for hundreds of thousands of Pakistan's poor.

KARACHI, Pakistan -- The First Microinsurance Agency (FMiA) was inaugurated today as Pakistan's first dedicated micro-insurance agency. FMiA will provide innovative life and health microinsurance products that are carefully tailored to the needs of poor families. It is working in partnership with New Jubilee Life, a subsidiary of the Aga Khan Fund for Economic Development (AKFED) and one of Pakistan's leading insurance companies, as its principal insurer. FMiA is also the first insurance agency in Pakistan to be established as a company rather than as an individual enterprise.

To read the full press release, visit the Aga Khan Development Network Web site.

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Bill & Melinda Gates Foundation
Guided by the belief that every life has equal value, the Bill & Melinda Gates Foundation works to help all people lead healthy, productive lives. In developing countries, it focuses on improving people’s health and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to ensure that all people—especially those with the fewest resources—have access to the opportunities they need to succeed in school and life. Based in Seattle, Washington, the foundation is led by CEO Jeff Raikes and Co-chair William H. Gates Sr., under the direction of Bill and Melinda Gates and Warren Buffett.

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