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Karachi: Jubilee Life Insurance (JLI) and United Bank Limited (UBL) have joined forces to introduce new insurance products designed to enhance financial security for their clientele. The alliance combines the expertise of Pakistan’s largest private sector insurer with one of the nation’s leading financial establishments.
The groundbreaking offering provides policyholders with early break-even points, assured maturity benefits, a fixed surrender value, and a reversionary bonus in addition to the sum assured in case of death. Policy and automatic premium loan options are also available. These provisions aim to deliver both financial stability and access to funds during emergencies.
At the signing ceremony, JLI’s MD and CEO, Javed Ahmed, emphasized the company’s dedication to developing cutting-edge financial protection. He stated the partnership with UBL seeks to equip customers with products that secure their future while fostering long-term financial expansion.
UBL’s Group Executive for Branch Banking, Abdul Aleem Qureshi, highlighted the bank’s history of providing high-value products and services. He described the collaboration as a significant step towards enhancing financial well-being for UBL customers. Qureshi further emphasized the joint commitment to financial inclusion and delivering effective protection and savings mechanisms.
This strategic partnership underscores the shared objective of Jubilee Life Insurance and UBL to establish a new standard for customer-centric financial solutions within Pakistan.