# Jubilee Life Insurance

Jubilee Life Insurance is an Insurance based in Karachi, Pakistan.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Karachi, Pakistan
- **Region:** Asia
- **Address:** 74/1-A, Lalazar, M.T. Khan Road, Karachi, Pakistan
- **Founded:** 1995
- **Assets under management:** Undisclosed
- **Website:** www.jubileelife.com
- **LinkedIn:** https://www.linkedin.com/company/jubilee-life-insurance-company-ltd
- **Wikidata:** Q85772258

## Regulatory record

- **Reports private funds:** No

## About

Secure your Future with Jubilee’s Insurance Plans! Access the best insurance deals i.e., Health, Education, Retirement, Savings & Retirement etc.

## Sectors

- Financial Services

## Offices

- Islamabad, Pakistan

## Questions

### Who owns Jubilee Life Insurance and what does that mean for its investment strategy?

The Aga Khan Fund for Economic Development (AKFED) holds a 57.9% controlling stake, with Habib Bank Limited at 18.5% and Jubilee General Insurance at 6.43%. AKFED is a long-term development investor, not a financial sponsor, which means Jubilee Life prioritizes capital preservation and liability matching over aggressive yield-seeking. Its investment policy skews heavily toward government securities and high-grade listed equities, reflecting this conservative governance.

### How does Jubilee Life's bancassurance arrangement with HBL affect its business model?

Habib Bank Limited, Pakistan's largest private bank, is not only an 18.5% shareholder but also Jubilee Life's primary distribution partner. The bancassurance channel gives Jubilee Life access to HBL's extensive branch network across Pakistan, lowering customer acquisition costs relative to competitors that rely on standalone agency forces. This embedded distribution is a structural advantage in a market where insurance penetration remains below 1% of GDP.

### What asset classes dominate Jubilee Life's investment portfolio?

Government securities have historically comprised approximately 70% of the firm's invested assets, driven by statutory solvency requirements and the need to match long-duration life insurance liabilities. The remainder is allocated across listed Pakistani equities, bank term deposits, and real estate. Unit-linked products, where policyholders assume the investment risk, offer separate exposure to equity and money-market funds managed by the firm.

### Does Jubilee Life operate Shariah-compliant products, and how are they structured?

Yes, Jubilee Life operates a Shariah-compliant window offering Takaful products, including the Jubilee Family Takaful plan. The window won The Asset Triple A Islamic Finance Award for Best Takaful Window in December 2023. These products maintain separate investment pools compliant with AAOIFI standards, overseen by a Shariah advisory board, and are distinct from the conventional insurance business.

### What is Jubilee Life's known posture on co-investments or external fund commitments?

Jubilee Life does not operate as a fund investor in the private markets. Its investment mandate is confined to Securities and Exchange Commission of Pakistan-approved asset classes — predominantly government securities, listed equities, and bank deposits. It does not publicly report commitments to private equity, venture capital, or real estate funds, and its alternative exposure is limited to direct real estate holdings on its balance sheet.

### What is the Jubilee Children's Fund and how is it funded?

The Jubilee Children's Fund is a corporate social responsibility initiative that directs funding to child-health programs in Pakistan, often in collaboration with Aga Khan University Hospital. The fund is supported through an allocation of company profits and ad-hoc contributions, separate from the policyholder reserves that back insurance liabilities. It does not function as an independent grant-making foundation.

## Related profiles

- [Jubilant Bhartia Group](https://altss.com/profile/jubilant-bhartia-group)
- [Julian Grace Foundation](https://altss.com/profile/julian-grace-foundation)

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Last updated: 2026-06-03T20:00:00.000Z

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