Monday , 20 November 2017
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Jubilee Life’s solutions are best option

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 and are backed by prudent fund management to ensure healthy returns.for long term investment but in case of any eventuality they ensure financial protection of the dependents and loved ones of the life assured. Jubilee Life has been penetrating the market through various services including bancassurance, microfinance, and takaful while catering to a diversified clientele. It offers a wide product range of unit-linked products that provide financial security to cover different facets of life such as retirement, children’s marriage expenses, higher education fees or critical illness bills. Similarly, the group term life and health insurance for corporate clients’ further ads up to the portfolio.he said that Pakistan’s insurance market faces the lowest penetration in this particular region with hardly 3% of the total population being insured. Having said this, life insurance penetration has seen a significant increase over the last few years. This has happened primarily because of the advent of various alternate distribution channels and strategies. Furthermore, the industry is overall working very hard to boost the penetration levels. There is a huge untapped market.  It is also one of the reasons why the growth of the industry has been steady. Primarily, Bancassurance has played a major role in this growth and now we feel that the Window Takaful operations will be the next important distribution channel leading to increased levels of penetration.Murtaza Zafar. 2