The Company was incorporated in Pakistan, as a public limited Company on June 29, 1995 as Commercial Union
Life Assurance Company (Pakistan) Limited under the Companies Ordinance, 1984. In 2003, the Company was
acquired by Aga Khan Fund for Economic Development, SA, Switzerland and had been renamed as New Jubilee
Life Insurance Company Limited. Further in 2011, “Jubilee Insurance” brand was globally synergized across
Pakistan, Kenya, Uganda, Tanzania, Mauritius & Burundi, accordingly the Company was renamed as Jubilee Life
Insurance Company Limited. Later in 2015, Jubilee Life commenced Window Takaful Operations to provide
Shariah-compliant Takaful products.
The Company is engaged in life insurance, carrying on non-participating business. The Company has seven
operating segments in respect of class of its life insurance business namely;
- Individual Life Unit Linked
- Conventional Business
- Accident & Health
- Overseas Group Life and Health Business
- Individual Family Takaful
- Group Family Takaful
- Accident & Health Family Takaful
Over the years, Jubilee Life has grown by leaps and bounds and marks its 25th anniversary in the insurance
landscape of the Country. We are a leading private life insurance company in the life insurance industry. The
word “Jubilee” is associated with "Happiness," which very much relates to our business. We give confidence to
our customers to dream and to make those dreams come true with a secured future financial plan. Jubilee Life
operates across Pakistan and has been continuously widening its presence nationwide. The Company has been
receiving overwhelming responses from the market for its products, including individual life saving and
protection plans, group life and health products. We are consistently launching new products to abreast our
policyholders with our innovative and unprecedented products in the life insurance industry.
During the year, we launched a new product under conventional business statutory fund named Jubilee Noor
Plan which is a traditional non-participating product with guaranteed surrender values, death benefit, maturity
benefit and a free of cost additional accidental death rider. In addition to this, the Company in collaboration with
digital partner, introduced an Ozoned digital platform which is a customized and efficient end-to-end solution
and contains an interactive web portal accompanied by mobile apps to digitally enable agent force to serve the
policyholders and provide them unmatched convenience for managing their insurance needs digitally.
We deal in a long-term commitment business and believe that investing in customer satisfaction is the key to
long-term business success and have been following the best practices prescribed by SECP. We manage
extensive multi-channel distribution, namely Bancassurance, Direct Sales Force (DSF), Corporates Sales and
through digital and online platforms for better reach to deliver quality services and to provide essential
knowledge and seamless experience on our insurance products to our customers. We have number of branches
to facilitate customers across Pakistan.
We have insured more than 8 million lives through more than 700,000 and 4,000 individual and corporate
clients respectively. We are the largest health insurance provider with the largest panel network of more than
500+ healthcare centers to facilitate our policyholders. We keep our commitments while adhering to the highest
ethical standards, integrity, and transparency in all spheres of our business operations. We focus on building a
good corporate relationship with business partners as it mutually benefits both to function better, grow faster,
and be more successful.
We have consistently delivered our best to share reliable, accurate, and timely financial information to our
shareholders and investors, complying with international financial reporting standards and following the code of
corporate governance, including corporate governance for insurers. We have been a good steward satisfying
various requirements of our stakeholders.
We have a strong footprint in the life insurance industry with the highest rating of AA+ (Double A Plus) with
Stable Outlook by VIS (formerly JCR VIS) rating agency which indicates our strong financial strength to meet
contractual obligations of policyholders, management stability, financial leverage, and overall Company's
financial performance consistently over the years.