Jubilee Life Insurance Company Limited (the Company) was incorporated in Pakistan on June 29, 1995 as a Public Limited Company under the Companies Ordinance, 1984. Its shares are quoted on the Pakistan Stock Exchange Limited. The Company started its business on June 20, 1996. The addresses of its Registered and Principal office are 26-D, 3rd floor, Kashmir Plaza, Jinnah Avenue, Blue Area, Islamabad and Jubilee Life Insurance Building, 74/1-A, Lalazar, M. T. Khan Road, Karachi respectively.

The Company is engaged in life insurance, carrying on non-participating business. In accordance with the requirements of the Insurance Ordinance, 2000, the Company has established a Shareholders’ fund and following statutory funds in respect of each class of its life insurance business:

Individual Life Unit Linked
Conventional Business
Accident and Health
Overseas Group Life and Health Business
Window Takaful Operations
Jubilee Life has been assigned Insurer Financial Strength (IFS) rating of “AA+” (Double A Plus) with ‘Stable’ outlook by JCR-VIS Credit Rating Co. Ltd.

The Company is a subsidiary of Aga Khan Fund for Economic Development S.A. Switzerland.

WINDOW TAKAFUL OPERATIONS
Jubilee Life commenced its Window Takaful Operations from July 07, 2015 (19th of Ramadan 1436 Hijri). The purpose was to provide Shariah complaint Takaful products to our brethren for overcoming uncertain situations in life.

All business operations and products of Jubilee Family Takaful are approved and supervised by its independent Shariah Advisor, Mufti Zeeshan Abdul Aziz, who is an eminent and renowned Shariah Advisor. An in-house Shariah Compliance Department supervises the implementation of promulgated Shariah Rulings & Guidelines pertaining to different operational and investment related issues. An external Shariah Audit further certifies Shariah Compliance of Jubilee Window Takaful Operations.

Shariah Compliant Funds comprise of investments in Shariah compliant instruments such as Islamic Equities, Sukook, Islamic Term Certificates, Islamic Mutual Funds, placement with Islamic Banking Institutions (IBIs) etc. In this regard, the Company has established the following Takaful funds:

Capital Growth Takaful Fund
Managed Takaful Fund
Associated Companies
Aga Khan Agency for Micro Finance
Aga Khan Education Services Pakistan
Aga Khan Fund for Economic Development S.A. Switzerland
Aga Khan Health Services Pakistan
Aga Khan Rural Support Program
Aga Khan University Hospital
Atlas Power Limited
Central Depository Company of Pakistan Limited
First Micro Finance Bank Limited
First Micro Finance Bank-Tajikistan
Habib Bank Limited
ICI Pakistan Limited
Industrial Promotion Services (Pakistan) Limited
International Industries Limited
International Steels Limited
I. T. Minds (Pvt.) Limited
Jubilee General Insurance Company Limited
Jubilee Holdings Limited of Kenya
Jubilee Investments Company Limited of Uganda
Jubilee Krgyzstan Insurance Company CJSC
Jubilee Life Insurance Company of Tanzania Limited
Jubilee Life Insurance Company of Uganda Limited
Krygyz Investment and Credit Bank CJSC
NBP Fullerton Asset Management Limited
Oriental Boats
Pakistan Cables Limited
Rural Support Program Network
The Jubilee Insurance Company of Brundi
The Jubilee Insurance Company of Kenya Limited
The Jubilee Insurance Company of Maurititus Limited
The Jubilee Insurance Company of Tanzania Limited
Tourism Promotion Services (Pakistan) Limited