Company Overview

Jubilee General Takaful Company Limited has entered its sixty third year marking a legacy of over six decades of living by its core values, namely; Teamwork, Integrity, Excellence and Passion.

Since its’ establishment in 1953, Jubilee General has maintained its presence as the most prominent company launching innovative products and new initiatives in the takaful industry. It has established itself as one of the most reputed and brightest names of the sector. Sustained growth and evolution has secured Jubilee General as one of the “Big Three” insurers of Pakistan in terms of gross direct premium and financial base.

Jubilee General is listed on the Pakistan Stock Exchange. Its major shares are held by , Aga Khan Hospital and Medical College Foundation, Habib Bank Limited, Aga Khan Fund for Economic Development and Hashoo Group. Jubilee General, with its Head Office in Karachi, has an extensive and dynamic branch network in all major cities and towns of Pakistan that promises prompt service at the participant’s doorstep.

Jubilee General is the highest rated general takaful company in Pakistan with an Insurer Financial Strength Rating of “AA +” with “Stable Outlook” assigned by both the rating agencies of Pakistan i-e JCR-VIS and PACRA. The “AA+” with “stable outlook” takes into account financial strength of the Company as demonstrated by its strong capitalization and liquidity indicators. It also denotes a very strong capacity of the Company to meet policyholder and contract obligations.

Jubilee General is the only insurer in Pakistan to be accorded the Financial Strength Rating of “B+” (Good) and issuer credit rating of “BBB” by A. M. Best, which is the highest rating to be assigned by an International Rating Agency to any financial institution in Pakistan. According to A.M. Best the rating reflects Jubilee General’s strong risk-adjusted capitalisation, solid business profile within Pakistan and good track record of operating performance. Furthermore, the Company has developed good procedures in assessing, measuring and mitigating the key risks associated with its business. A. M. Best is the world’s oldest and most authoritative takaful rating and information source.

Over the last decade Jubilee General has grown at double the industry average growth rate, increasing its market share by more than 75% and prides itself in its long-standing retakaful relationships with internationally renowned reinsures such as Swiss Re, SCOR Re, Lloyds, Hannover Re, Asia Capital Re and Korean Re. The company is also supported by internationally acclaimed retakaful brokers including AON Group, Willis, Marsh, Lockton, Howden, UIB and Crescent Global.

With a broad spectrum of services available, Jubilee General’s client-base comprises prominent national and multinational corporations operating in Pharmaceutical, Chemical, Textile, Cement, Services (Hospitals & Hotels), Oil & Energy, Manufacturing, FMCG, Engineering, Banking and Financial sectors.

At Jubilee General, diversity is maintained through underwriting all classes of general takaful including Fire, Marine, Motor, Engineering, Health and General Accident. Jubilee General not only offers wide risk coverage, but also provides related risk management services delivered by highly qualified and experienced risk managers. Consumer finance is growing in Pakistan and Jubilee General has developed innovative takaful solutions to meet the growing demand. From auto financing to personal loans, mortgages to plastic cards, and trade finance to capital investment finance, Jubilee General has the customised solution to secure entire operations, product range and transactions of all financial institutions. With the stream of upcoming power, engineering and infrastructure development projects on the national level, our Engineering & Bonds Department, manned by the most experienced engineers in the industry, is geared to provide technical and quality security to this vital sector.

As pioneers in Group Health Takaful, Jubilee General continues to develop new, flexible and customised plans to suit the diverse needs of our many blue chip Pakistani companies and multinational clients. Jubilee General has recently modified its health takaful products with better coverage and scalable benefit limits.

The takaful industry world over is undergoing technological revolution. Jubilee General prides itself as innovator and disruptor of traditional service and delivery of products. Leveraging on its digital know-how, Jubilee General is making rapid progress in automation of processes for faster and improved controls to deliver better participant experience. Thus the Company became that first insurer in Pakistan to launch an online portal providing end-to-end solution complete with payment options. Jubilee General has also pioneered the first ever android application for motor takaful and intends to introduce more applications using android mobile technology to increase the takaful penetration in the retail segment.

Above all, at Jubilee General, we remain focused on meeting and exceeding participant expectations.


The Company is listed on Pakistan Stock Exchange (www.psx.com.pk)

Stock Code

The Symbol Code for dealing in share of the Company JGICL

Legal Advisor:

Surridge & Beecheno

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