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.