Jubilee Life Insurance (formerly known as New Jubilee Life Insurance)–the largest private sector life insurer in Pakistan holds a market share of 41 percent as of September 2013 (in terms of gross premiums), according to the data published by Insurance Association of Pakistan (IAP).
The company was incorporated in 1995 as a public limited company and is quoted on Karachi Stock Exchange, having a market capitalisation of Rs 17 billion. Having an asset base of Rs 37 billion and equity base worth Rs 2 billion as of September 2013, Jubilee Life enjoys the largest Bancassurance network in the country. The company has access to all the big banks namely HBL, MCB and UBL along with many other renowned banks. Jubilee Life Insurance has further broadened its outreach with a set-up of nearly 129 outlets in various parts of the country. The company is a subsidiary of the Aga Khan Fund for Economic Development (AKFED), Switzerland-the economic development wing of the Aga Khan Development Network (AKDN).
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