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Rahat Sadiq Elected Chairman Insurance Association of Pakistan

Mohammed Rahat Sadiq Chief Executive Officer, United Insurance , Syed Kazim Hasan, Chief Operating Officer, TPL Insurance  and Shabir Gulam Ali  Chief Executive Officer  Habib Insurance  have been Elected  Unopposed as Chairman, Senior Vice Chairman and  Vice Chairman of The Insurance Association of Pakistan for the year 2017-18. Read More »

State-Life-Convention end Slic earns Rs76bn in 2016

Chairman addressing the State life Convention participant said that State Life secured 1st Year premium including renewal, which has increased from Rs. 69 billion to Rs.76 billion; showing an increase of 10.38 percent in the year 2016; has paid total amount of Rs.16.5 billion against all claims, thus providing financial protection and savings to millions of valued policy-holders and their families nationwide. State Life has procured new premium of 3 million (USD) in Gulf region covering Kuwait, UAE and Saudi Arabia in the year 2016. The marketing force of State Life has extended financial protection to 636,183 families nationwide during the year 2016. Total number of in-force policies till the end of 2016 are 5.5 million. Read More »

Jubilee General Insurance and CarFirst Joins Hands

CarFirst – Pakistan’s leading used-car trading platform has entered into a cross-selling partnership with Jubilee General Insurance for sale of auto-insurance to its customers and its strategic partners. The agreement signing ceremony was held at CarFirst’s Head Office on 12th September 2017. Auto-insurance will be available at all CarFirst purchase centers from 1st October, 2017. The aim of this partnership ... Read More »

Credit Ratings of Jubilee General Insurance Company Limited Affirms A.M. Best

LONDON-A.M. Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Jubilee General Insurance Company Limited (Jubilee) (Pakistan). The outlook of these Credit Ratings (ratings) remains stable. The ratings reflect Jubilee’s track record of good operating performance, well-established business profile in Pakistan and solid risk-adjusted capitalisation. An offsetting rating factor is ... Read More »

LONDON-A.M. Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Jubilee General Insurance Company Limited (Jubilee) (Pakistan). The outlook of these Credit Ratings (ratings) remains stable. The ratings reflect Jubilee’s track record of good operating performance, well-established business profile in Pakistan and solid risk-adjusted capitalisation. An offsetting rating factor is ... Read More »

Allianz-EFU to launch Window Takaful operations

Allianz-EFU Health Insurance Ltd, the first specialized health insurance company in Pakistan introduced Window Takaful Operations, licensed by the Securities and Exchange Commission of Pakistan (SECP). Allianz EFU Window Takaful Operations will be available to both Corporate and Individual Health Takaful customers. Allianz EFU’s Health Takaful offers Shariah compliant approved products providing comprehensive medical coverage that is reliable, convenient, hassle ... Read More »

IGI-Life Window Takaful and Soneri Bank signed a Bancatakaful

IGI-Life under its Window Takaful Operations and Soneri Bank signed a Bancatakaful Distribution agreement under which IGI Life’s takaful products will be distributed using Soneri Bank’s branch network. The signing ceremony was held at Soneri Bank’s head office in Karachi on Wednesday, September 21, 2016. Soneri Bank was represented by its Chief Operating Officer Amin A. Feerasta and Head of ... Read More »

Jubilee Life’s solutions are best option

Jubilee Life is the brand that offers a host of varied life insurance solutions to suit every consumer’s unique financial needs.  this  was stated by Mr.Murtaza Zafar Head of Marketing and Brand-Jubille life Insurance in an interview to the local Magazine.he said that ,,Our insurance solutions are carefully prepared keeping in mind the impact of inflation in the long term ... Read More »

Insurance should be made mandatory in Pakistan

Insurance should be made mandatory in Pakistan as it could reduce future risks and improve the standard of living. He urged the government to make insurance mandatory for every citizen Read More »

HBL and JGI offer insurance product

HBL Pakistan and Jubilee General Insurance (JGI) have entered into an agreement to offer ‘CriticalCare Plus’ insurance to HBL customers through its branch network in Pakistan. CriticalCare Plus is a first of its kind product in Pakistan that extends lump sum benefit for 13 specified critical diseases.It is bundled with the international medical second opinion from over 100 renowned medical ... Read More »