Jubilee Life Insurance

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Jubilee Life Insurance
Company typeSubsidiary
PSX: JLICL
IndustryInsurance
Founded1995; 29 years ago (1995)
HeadquartersKarachi, Pakistan
ParentAga Khan Fund for Economic Development
Websitewww.jubileelife.com

Jubilee Life Insurance Company, commonly known as Jubilee Life, 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.

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]

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. ^ a b D’Souza, Zoha Habib | Vanessa (August 28, 2018). "A matter of life and death". Aurora Magazine.{{cite web}}: CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link)
  4. ^ https://tribune.com.pk/story/951858/regulatory-ease-pakistans-islamic-insurance-industry-landscape-set-for-makeover/
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