Building financial resilience in Pakistan: the expanding role of life insurance as a risk mitigator Life insurance serves as a vital risk mitigation tool for individuals — especially salaried employees and small business owners in developing countries like Pakistan — where weak social safety nets and high financial vulnerability mean that unforeseen events can cause severe financial shocks, potentially leading to long-term hardship due to factors like debt, business disruption, limited social protection, and often times families reliance on a single breadwinner. Life insurance provides crucial financial protection for dependents by providing coverages for financial risk factors. Additionally, both salaried…
