Jubilee Life Insurance. According to the Companies Ordinance, 1984, Jubilee Life Insurance Company Limited (the Company) was established as a public limited company in Pakistan on June 29, 1995. On the Pakistan Stock Exchange Limited, its shares are quoted. On June 20, 1996, the Company officially opened for business. Its registered office is located at 26-D, 3rd floor, Kashmir Plaza, Jinnah Avenue, Blue Area, Islamabad, while its principal office is located at Jubilee Life Insurance Building, 74/1-A, Lalazar, M. T. Khan Road, Karachi.

COMPANY OVERVIEW

Jubilee Life Insurance.The Company operates a non-participating life insurance business. The Company has established the following statutory funds in relation to each class of its life insurance business in compliance with the requirements of the Insurance Ordinance, 2000:

• Individual Life Unit Linked
• Conventional Business
• Accident and Health
• Overseas Group Life and Health Business
• Window Takaful Operations

JCR-VIS Credit Rating Co. Ltd. has given Jubilee Life an Insurer Financial Strength (IFS) rating of “AA+” (Double A Plus) with a “Stable” outlook. The Company is a division of Switzerland-based Aga Khan Fund for Economic Development S.A.

ABOUT JUBILEE LIFE

After extensive investigation, Jubilee Life Insurance was picked as the new name. In the financial services industry, the word “Jubilee” is already well-known and is linked to “Happiness,” which is closely related to our line of work. To keep you and your loved ones happy at all times, we consequently made the decision to give you the assurance of our substantial market presence together with a pledge to assist you in planning and achieving your financial goals. We will provide you with world-class services and solutions to your financial demands with a global brand.

Jubilee Life Insurance Plans

OVERVIEW LIFE INSURANCE. How do you interpret those two words? Do they give you the impression that you will be paying them for the rest of your life in the expectation that they will provide for your family should the worst happen to you? In any case, we won’t lie to you. Life insurance deals with some of these issues. However, it is only a minor portion of what we do at Jubilee Life Insurance. Our goal at Jubilee Life Insurance is to ensure that you can live your life to the fullest, not merely to give you end-of-life protection. We all know that life is unpredictable and full of ups and downs; while getting married or having a child are both happy occurrences, they also come with new obligations and, let’s face it, new costs. In response, we are here. We provide items that will allow you to give your kids the wedding of their dreams as well as strategies that will assist you in saving money for their education. Our insurance options ensure that you can look forward to a worry-free life after retirement while also protecting you from the financial shocks of inflation. And that’s only the start. Jubilee Life insurance is something we talk about rather than just life insurance.

BANCASSURANCE.What if you could fulfil all of your banking, insurance, and financial needs at one location? With Bancassurance, Jubilee Life Insurance has succeeded in turning that ambition into a reality. What really is Bancassurance, then? Simply said, the fundamental idea behind this revolutionary idea is to sell various financial products through a single window, making your local bank branch a “one-stop-financial-shop” and making life insurance protection easily available and accessible to everyone. Jubilee Life Insurance invented Bancassurance in 2003, and since then, our network of partner institutions has grown steadily as a result of our cutting-edge offerings and unmatched levels of client care. At the partner bank branches, our licenced and trained insurance advisors are available to offer the highest calibre of help and direction. Bancassurance gives our partner banks a competitive advantage and enables them to meet the diverse financial needs of their clients.

MICRO INSURANCE.

“ENABLING PEOPLE TO OVERCOME UNCERTAINTY”

Pakistan’s poverty rate is currently over 30%, and it’s expected to rise over the next few years. Think about that startling fact for a moment. A single family member’s illness or an unforeseeable calamity might throw their entire household into an eternal cycle of debt and payback. Theirs is life on the edge, one that is unpredictable. The result is that entire generations are held captive by a system in which they have no chance of success. But does that imply that the poor will never be able to anticipate a life in which uncertainty is not the rule? Jubilee Life is dedicated to offering even more financial security than before, in line with our mission of “helping people to overcome uncertainty.” the opportunity for a better tomorrow for society’s most marginalised people. Our ground-breaking microinsurance products, which are based on the concepts of Affordability, Accessibility, Flexibility, and Simplicity, have already given insurance benefits to a hitherto untapped market of more than 1,000,000 people. We offer Credit Life and Savings Completion products with additional benefits like Funeral Expenses in an effort to provide life and health insurance benefits to those who cannot ordinarily afford such facilities. The best part is that this coverage is affordable and can be purchased with manageable premium instalments. Jubilee Life has the products to back up our conviction that powerlessness need not accompany poverty.

SEHAT HIFAZAT

Aside from the loss of a possible source of income, illness and hospitalisation for the lowest sections of our population also carry the risk of becoming sucked into an unbreakable debt cycle. We are pleased to report that the situation has changed as a result of our Sehat Hifazat plan. A variety of health-related benefits, including inpatient hospitalisation, outpatient consultation, maternity care, and antenatal consultation, are covered under our Sehat Hifazat plan.

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CORPORATE LIFE INSURANCE

Corporate Life Insurance offers a variety of benefits. Employers are required by law to provide it, and the cost of doing so is deducted from the company’s taxable income. Corporate rates are more cost-effective and adaptable than individual plans, and they can even provide your business a competitive edge. This is because your employees will be at ease knowing that, while they are working for your business, their financial future is secure and that, in the tragic event of their death or disability, their families may be eligible for tax-free claims. You will find it much simpler to draw in and keep the best and brightest employees the job market has to offer thanks to the advantages and distinctive features of Jubilee Life’s Corporate Life Insurance.

SPECIAL GROUP LIFE PLANS

Group Mortgage Protection

The Group Mortgage Protection plan from Jubilee Life is made to safeguard the borrower from the banks or company in the event that someone who obtained a mortgage through the banks’ or company’s mortgage loan scheme passes away. Jubilee Life will pay the bank or company the outstanding loan balance upon the death of the insured.

Depositor’s Insurance

This plan is intended for bank depositors and account holders. Jubilee Life will pay the beneficiary a sum equal to or greater than the account balance in the event of the decedent’s death.

Credit Shield

Credit Shield was created specifically to offer the bank’s cardholders financial protection. Jubilee Life will pay the cardholder’s remaining balance to the bank under this plan in the event of death or permanent disability.

Disclaimer: The programmes mentioned above provide a broad overview of the available perks. Consult our Corporate Insurance Department for further information on the plan’s specifics and eligibility requirements.

CORPORATE HEALTH INSURANCE

A happy workforce is essential to any company’s long-term success because healthy employees are happier employees. Any company’s primary goal is to maximise profits, which can only be accomplished when every person is fully committed to their work. The corporate health insurance coverage from Jubilee Life might offer your business the advantage it needs to achieve that goal.

Nowadays, offering health insurance to employees is a requirement for luring in and keeping qualified people. In fact, the majority of workers consider health insurance as the most significant perk of their employment. This is because, for a variety of reasons, many consumers just do not look for individual health insurance policies. However, most businesses lack the time and resources to manage healthcare on their own, which is where we come in. Jubilee Life can handle all of your staff’s medical needs, from routine hospital visits to serious emergencies. We will handle every stage and make sure that your workforce receives the best medical care possible, sparing you from administrative-offering you the convenience-free peace of mind that only security can provide. As a business owner, health insurance will also lower your out-of-pocket costs for medical care. This is due to the fact that the coverage will be much more extensive and the premiums are likely to be much lower than for individual health expenses reimbursed by the firm.

ONLINE INSURANCE; What if you could give your family financial stability in a matter of minutes at a price you could afford? Jubilee Life Insurance is aware that time is your most valuable resource and that you don’t have much of it to compare different insurance plans. With online access to Jubilee Life Insurance products, you can now get insured in a matter of minutes with only a few mouse clicks. Our online insurance policies offer coverage for accidental death, natural death, accidental disabilities, and accident-related hospitalisations. Let’s stop reading this article now and obtain insurance.

ONLINE PLANS

Natural death, accidental disability, and hospitalisation due to accidents are also available as optional benefits with Jubilee Life Insurance, in addition to the Accidental Death Benefit. One year from the date of purchase, these policies offer insurance coverage. From the convenience of your home or place of employment, you can purchase these plans using your credit or debit cards.

ACCIDENTAL DEATH BENEFIT (GOLD)

You have the opportunity to select your own coverage options with Jubilee Accidental Death Benefit, allowing you to secure your family’s future and ensure that they may live comfortably and worry-free even without you. In the event of an accidental death, the Gold Plan will give your nominee a lump sum benefit of Sum Assured (PKR 2,000,000).

ACCIDENTAL DEATH BENEFIT (SILVER)

Jubilee Accidental Death Benefit gives you the freedom to choose your own coverage so you can safeguard the future of your family and make sure they can live comfortably and worry-free even without you. The Silver Plan will pay your nominee a lump sum benefit of Sum Assured (PKR 1,000,000) in the case of an accidental death.

Family Takaful

“WISDOM IN FINANCIAL PLANNING”

A Family Takaful Plan is an arrangement that is based on fundamental Shariah concepts of communal well-being, solidarity, and reciprocal cooperation. Through the pooling of risk on the premise of mutual aid, participants in a Takaful agreement work together to achieve the shared goal of safeguarding one another from financial losses.