Jubilee Life Insurance

Jubilee Life Insurance Company, commonly known as Jubilee Life, (Urdu: جوبلی زندگی بیمہ‎) is a Pakistani life insurance company which is a subsidiary of Swiss for-profit organization Aga Khan Fund for Economic Development.[1] It is based in Karachi, Pakistan.

Jubilee Life Insurance
TypeSubsidiary
PSX: JLICL
IndustryInsurance
Founded1995 (1995)
HeadquartersKarachi, Pakistan
ParentAga Khan Fund for Economic Development
Websitewww.jubileelife.com

It is the most profitable among private insurance companies in Pakistan.[2]

History

The company was founded in 1995 as Commercial Union Life Assurance Company.[3]

In 2011, the company rebranded from New Jubilee Insurance to Jubilee Life Insurance.[3]

In 2015, Jubilee Life entered Takaful insurance market in Pakistan.[4]

On July 29, 2020, Jubilee Life was awarded the Effie Award in the Insurance Category.[5] This is the first time any insurance company has won the award in this category.[5][6]

References
  1. https://tribune.com.pk/story/1147940/first-quarter-2016-prof-life-insurance-companies-rise-28-5/
  2. https://tribune.com.pk/story/1124356/insurance-premium-proposed-tax-will-hurt-insurance-sector/
  3. D’Souza, Zoha Habib | Vanessa (August 28, 2018). "A matter of life and death". Aurora Magazine.
  4. https://tribune.com.pk/story/951858/regulatory-ease-pakistans-islamic-insurance-industry-landscape-set-for-makeover/
  5. admin (2020-07-29). "Jubilee Life wins prestigious Effie Award in the Insurance Category". News Update Times. Retrieved 2020-07-29.
  6. Report, Recorder (2020-07-30). "Jubilee Life wins Effie Award in Insurance Category". Brecorder. Retrieved 2020-07-30.
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