Jubilee Life Insurance
 | |
| Type | Subsidiary |
|---|---|
| PSX: JLICL | |
| Industry | Insurance |
| Founded | 1995 |
| Headquarters | Karachi, Pakistan |
| Parent | Aga Khan Fund for Economic Development |
| Website | www |
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.
It is the largest and 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 2002, the Aga Khan Fund for Economic Development acquired the shares from CGU International Insurance plc.[4]
In 2011, the company rebranded from New Jubilee Insurance to Jubilee Life Insurance.[3]
In 2015, Jubilee Life entered Takaful insurance market in Pakistan.[5]
On July 29, 2020, Jubilee Life was awarded the Effie Award in the Insurance Category.[6] This is the first time any insurance company has won the award in this category.[6][7]
References[]
- ^ "Profits of life insurance companies rise 28.5%". The Express Tribune. July 23, 2016.
- ^ "Insurance premium: 'Proposed tax will hurt insurance sector'". The Express Tribune. June 16, 2016.
- ^ a b D’Souza, Zoha Habib | Vanessa (August 28, 2018). "A matter of life and death". Aurora Magazine.
- ^ "AKFED to acquire CGU shareholding". DAWN.COM. 2002-09-18. Retrieved 2021-06-21.
- ^ "Pakistan's Islamic insurance industry landscape set for makeover". The Express Tribune. September 6, 2015.
- ^ a b admin (2020-07-29). "Jubilee Life wins prestigious Effie Award in the Insurance Category". News Update Times. Retrieved 2020-07-29.
- ^ Report, Recorder (2020-07-30). "Jubilee Life wins Effie Award in Insurance Category". Brecorder. Retrieved 2020-07-30.
| People |
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| Finance |
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| Media | ||
| Other companies | ||
- Aga Khan Development Network
- Pakistani subsidiaries of foreign companies
- Companies listed on the Pakistan Stock Exchange
- Insurance companies of Pakistan
- Companies based in Karachi
- Financial services companies established in 1995
- Pakistani companies established in 1995
- Bank stubs