New Jubilee Life Insurance Company Ltd.(NJLI), one of  Pakistan’s largest Life Assurance Company and Habib Bank Ltd., Pakistan’s largest bank have launched two new life insurance products, ‘Amaan’ and ‘Tabeer’. These Plans that have been specially designed for customers seeking life insurance along with an investment option. This landmark venture has made NJI Life the largest bancassurance company of Pakistan.



NJLI has consistently strived to provide new value added services to its customers. Constant innovation has been its forte and it has spared no efforts to provide the best of service to its clientele. Similarly, HBL has become a trusted name through its decades of experience and the biggest customer base in Pakistan.

Amaan (Retirement Plan) and Tabeer (Child Education & Marriage) plan have been exclusively designed keeping in view the customer base of HBL.  Amaan Plan secures your future only with a minimum contribution of Rs. 3,000, and is available from selected branches of HBL.

According to Faisal Abbasi, Head of Bancassurance NJLI, “Introducing Amaan & Tabeer Plan is a win-win option for our customers as well as the bank itself. The benefits of Amaan and Tabeer include the ability to invest and secure your and your child’s future for their future needs.”

Abbasi continued: “We can now offer our customers a comprehensive range of solutions to match both their social and individual retirement needs through NJLI’s offerings.”

Both the Institutions are known for their sound Management Policies and long term commitments. NJLI envisages vast scope in insurance penetration and immense potential to boost its revenue income through its strategic partnership with HBL.

Zakir Mahmood, President, Habib Bank Ltd. in his address, stated that “The New Jubilee Life Insurance Company, a leader in life insurance business, has chosen HBL as its agent, For the bank, this is yet another important partnership to offer value addition to its customers. The Bank will offer various protection plans of NJLI through all its branches.”

Javed Ahmed, Managing Director of The New Jubilee Insurance Company Ltd., in his address stressed the importance in new initiatives in Bancassurance tie ups in Pakistan. He added that it will not only enhance the financial standings of both the organizations, but add convenience to the consumers who are seeking Banking and Insurance services. In addition to that he is very optimistic that NJLI and HBL through this tie-up will serve national economy and work for the betterment of large cross section of public by offering banking and insurance via single window products.

Mr. Murtaza Zafar, Marketing Manager - Bancassurance, New Jubilee Life Insurance, in his vote of thanks mentioned about the strong relationship that has been built between the two premier organizations and stressed the need for sustaining it He was thankful to the various  print and electronic media representatives for attending the ceremony.. He also thanked all the distinguished invitees for attending the ceremony and assured that both the institutions will strive for success.

New Jubilee Life Insurance Company Limited (NJI Life) is a subsidiary of the Aga Khan Fund for Economic Development (AKFED), Switzerland. It was incorporated in Pakistan on 29 June 1995 as a Public Limited Company under the Companies Ordinance 1984. Its shares are quoted on the Karachi Stock Exchange. The Company started its business on 20 June 1996.

NJLI has a paid-up capital of Rs. 627 million, which is the highest amongst the private life insurance companies in Pakistan.

NJI Life is engaged both in individual life insurance and corporate insurance business. Individual life insurance business is procured through two channels, i.e. through Company’s own enthusiastic Branch Operations and through alternative distribution channels such as Bancassurance. NJI Life is proud to be the pioneer of Bancassurance in Pakistan. NJI Life is also the pioneer of many credit life insurance schemes prevalent in Pakistan.