Jubilee Life Insurance Company Limited (JLI), Pakistan’s largest private sector insurer, and United Bank Limited (UBL), one of the country’s largest financial institutions, have entered into a strategic partnership to launch innovative insurance solutions like endowment products aimed at delivering greater financial security and long-term value to customers.
The new product offering is first of its kind to provide customers with early break-even, guaranteed benefits at maturity, a fixed surrender benefit, reversionary bonus in addition to sum assured in case of death, option to avail policy and automatic premium loans. These features ensure that customers not only receive the value they signed up for but also have access to funds in times of need.
Speaking at the signing ceremony, Javed Ahmed MD & CEO Jubilee Life Insurance said, “This partnership highlights our continued commitment to innovation in financial protection. With UBL as a strong partner, we aim to provide customers with products that safeguard their future while offering long-term financial growth.
Adding to this, Abdul Aleem Qureshi Group Executive – Branch Banking UBL commented “UBL has always been at the forefront of delivering highest value through its innovative products and solutions. This collaboration brings yet another milestone in providing holistic financial well-being to our valued customers. Through this partnership, we underscore our joint resolve to driving financial inclusion and offering unique protection and savings tools that create meaningful impact.”
With this launch, both organizations aim to empower customers by combining UBL’s extensive banking network with Jubilee Life’s expertise in innovative endowment products. This synergy allows for seamless accessibility, personalized guidance, and a comprehensive range of financial solutions under one roof. By addressing evolving customer needs, the partnership not only enhances financial protection but also promotes a culture of savings and long-term wealth creation across Pakistan.
This strategic collaboration reflects the shared vision of Jubilee Life Insurance and UBL to set a new benchmark for customer-focused financial solutions in Pakistan.
