NEW JUBILEE LIFE INSURANCE COMPANY LIMITED
Aug 14 - 20, 2006
New Jubilee Life Insurance Company Limited (NJI Life) is a subsidiary of the Aga Khan Fund for Economic Development (AKFED), Switzerland. It was incorporated in Pakistan on 29 June 1995 as a Public Limited Company under the Companies Ordinance 1984. Its shares are quoted on the Karachi Stock Exchange. The Company started its business on 20 June 1996. Paid Up Capital of the company is Rs. 627 million, which is the highest amongst public listed insurance companies in Pakistan.
AKFED is active in the fields of Industry, Financial Services, Tourism Development and Infrastructure in South and Central Asia and sub-Saharan Africa. Some of the sister concerns of NJI Life in Pakistan are:
* The Aga Khan University Hospital
* New Jubilee Insurance Company (carrying out general insurance business)
* The Aga Khan Health Services
* Tourism Promotion Services (Chain of Sarena Hotels)
* First Micro Finance Bank Limited
* Habib Bank Limited
* The Aga Khan Education Services
* Focus Humanitarian Assistance
NJI Life enjoys competitive edge over other players in the market because of the highest paid-up capital amongst public listed insurance companies in Pakistan, highest ratio of customer loyalty among all life insurance companies, uniquely designed plans for each individual customer, complete range of products for individual and corporate customers and backing of world's largest reinsurance companies.
NJI Life's Vision is to be the best managed insurance company in Pakistan while its Mission is to assure financial security, create awareness and achieve excellence in all aspects of life insurance business creating value for all the stakeholders. Its Core Values include Ethical and Legal Behaviour, Customer Focus, Profitability & Cost Consciousness, Employee Development, Teamwork, Positive Attitude, Continuous Improvement, Innovation, Speed & Responsiveness.
NJI Life is engaged both in individual life insurance and corporate insurance business. Individual life insurance business is procured through two channels, i.e. through Company's own enthusiastic Branch Operations and through alternative distribution channels such as Bancassurance. NJI Life is proud to be the pioneer of Bancassurance in Pakistan. NJI Life is also the pioneer of many credit life insurance schemes prevalent in Pakistan.
The product lines of NJI Life for individual and corporate clients are as under:
INDIVIDUAL LIFE PRODUCTS:
1. Secure Life Plan
2. Secure Joint Life Plan
3. Secure Personal Accident Plan
4. Secure Education Plan
5. Secure Marriage Plan
6. Secure Investment Plan
7. Secure Sarmaya Plan
8. Secure Personal Pension Plan
9. Secure Level Term Protection Plan
10. Critical Illness Plan
1. Permanent Total Disability
2. Critical Illness
3. Accidental Death Benefit
4. Accident Death & Dismemberment
5. Family Income Benefit
6. Hospitalization Cash Rider for self, spouse and child(ren)
7. Wavier of Premium
1. Death Coverage
2. Additional Accidental Death Insurance
3. Permanent Total/Partial Disability (due to accident)
4. Temporary Total Disability (due to accident)
5. Terminal Illness Benefit
6. Permanent Total Disability (due to natural causes)
7. Accidental Medical Expense
8. Critical Illness Benefit
1. Hospitalization and Surgical Benefits
2. Maternity Benefits
3. Outpatient Expense Facility
A unique and innovative retirement income plan is available for employees of our corporate clients through defined contribution pension system.
Within a decade, NJI Life has been able to make over 35,000 individual customers and over 650 corporate customers covering over 500,000 lives in total.
NJI Life's presence in Pakistan is virtually in every major city with multiple branches at many locations. The network of branches and sub-offices is located at Bahawalpur, Badin, Faisalabad, Ghotki, Gujranwala, Gujrat, Hyderabad, Islamabad, Jaccobabad, Jhelum, Karachi, Khairpur, Kotli, Lahore, Larkana, Mirpur Azad Kashmir, Mirpurkhas, Multan, Muzaffarabad (AJK), Murdan, Naushahro Feroze, Peshawar, Quetta, Rahim Yar Khan, Rawalpindi, Sialkot, Sukkur, Sargodha, Tando Adam. The Company is continuously expanding its operations to new locations.
The address of its Registered and Principal Offices are 16/2, KSB Pump Building, Sir Aga Khan Road, Lahore and 74/1-A, Lalazar, M.T. Khan Road, Karachi, respectively.