![]() | |
![]() Headquarters of Jubilee Insurance on
I.I. Chundrigar Road in Karachi | |
Company type | Public |
---|---|
PSX:
JGICL PSX: JLICL | |
Industry | Insurance |
Founded | 1953 |
Headquarters | Karachi, Pakistan |
Number of locations | 224 [1] (2022) |
Key people | |
Revenue | ![]() |
![]() | |
![]() | |
Total assets | ![]() |
Total equity | ![]() |
Number of employees | 2,031 [1] (2022) |
Parent | Aga Khan Fund for Economic Development |
Website |
jubileegeneral jubileelife |
Jubilee Insurance ( Urdu: جوبلی بیمہ) is a Pakistani general and life insurance company headquartered in Karachi. It is a subsidiary of Swiss for-profit organization Aga Khan Fund for Economic Development. [2] As of 2016 [update], it was one of the largest insurance companies in Pakistan. [3]
Jubilee Insurance was incorporated as New Jubilee Insurance Company Limited by the Fancy family in May 1953. [4] In 1955, it was listed on the Karachi Stock Exchange. The life insurance business was nationalised in 1972 and later Fancy family sold it to the Hashwani family. [4]
In 2002, the Aga Khan Fund for Economic Development acquired the Pakistani operations of CGU International Insurance plc. [5] CGU International Insurance founded life insurance business in Pakistan in 1995. [6] [7]
In 2011, New Jubilee Insurance was renamed as Jubilee Insurance. [6]
In 2015, Jubilee entered the Takaful insurance market in Pakistan. [8] [7]
On July 29, 2020, Jubilee was awarded the Effie Award in the insurance category. [9]
![]() | |
![]() Headquarters of Jubilee Insurance on
I.I. Chundrigar Road in Karachi | |
Company type | Public |
---|---|
PSX:
JGICL PSX: JLICL | |
Industry | Insurance |
Founded | 1953 |
Headquarters | Karachi, Pakistan |
Number of locations | 224 [1] (2022) |
Key people | |
Revenue | ![]() |
![]() | |
![]() | |
Total assets | ![]() |
Total equity | ![]() |
Number of employees | 2,031 [1] (2022) |
Parent | Aga Khan Fund for Economic Development |
Website |
jubileegeneral jubileelife |
Jubilee Insurance ( Urdu: جوبلی بیمہ) is a Pakistani general and life insurance company headquartered in Karachi. It is a subsidiary of Swiss for-profit organization Aga Khan Fund for Economic Development. [2] As of 2016 [update], it was one of the largest insurance companies in Pakistan. [3]
Jubilee Insurance was incorporated as New Jubilee Insurance Company Limited by the Fancy family in May 1953. [4] In 1955, it was listed on the Karachi Stock Exchange. The life insurance business was nationalised in 1972 and later Fancy family sold it to the Hashwani family. [4]
In 2002, the Aga Khan Fund for Economic Development acquired the Pakistani operations of CGU International Insurance plc. [5] CGU International Insurance founded life insurance business in Pakistan in 1995. [6] [7]
In 2011, New Jubilee Insurance was renamed as Jubilee Insurance. [6]
In 2015, Jubilee entered the Takaful insurance market in Pakistan. [8] [7]
On July 29, 2020, Jubilee was awarded the Effie Award in the insurance category. [9]