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
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.
Jubilee Life Insurance was chosen as the new name after a thorough research exercise. The word “Jubilee” is already well-known in the financial services market and is associated with “Happiness” which very much relates to our business. We therefore decided to give you the confidence of our strong presence in the market coupled with a promise to help you plan and realize your financial dreams to keep you and your loved ones happy at all times. With a global brand we will bring you global best practices in services and world class solutions to your financial needs.