Jubilee Life Insurance Company Limited (JLI) and United Bank Limited (UBL) have partnered to introduce innovative endowment products in Pakistan. The collaboration aims to offer long-term financial security and guaranteed benefits to customers.
The new endowment products provide early break-even, fixed surrender benefits, reversionary bonuses in addition to the sum assured in case of death, and options for policy and automatic premium loans. These features allow customers to access funds during emergencies while securing long-term growth.
Speaking at the signing ceremony, Javed Ahmed, MD and CEO of Jubilee Life Insurance, said, “This partnership demonstrates our commitment to innovation in financial protection. With UBL as a strong partner, we aim to provide products that safeguard the future while delivering meaningful value.”
Abdul Aleem Qureshi, Group Executive – Branch Banking at UBL, added, “UBL is committed to offering products that provide high value to customers. This partnership strengthens financial inclusion and delivers innovative endowment products designed for protection and savings.”
The collaboration marks a significant step in offering customer-focused financial solutions in Pakistan. The combination of Jubilee Life Insurance’s expertise in risk management and UBL’s strong banking network ensures broad access to these products nationwide.
Market analysts say these endowment products are likely to attract customers seeking both protection and investment benefits, especially in a market with growing demand for Shariah-compliant and flexible insurance solutions.
This strategic partnership highlights the commitment of both institutions to delivering innovative financial tools that enhance financial well-being and foster long-term savings habits among Pakistanis.
With guaranteed returns, flexible access, and protection benefits, these endowment products aim to set a new standard for holistic financial planning in Pakistan.
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