In 1990, the Government of Pakistan reopened the life insurance business to the private sector organizations and EFU Life Assurance Ltd started operations in November 1992 as the first private sector life insurance company.
Benefits and Incentives.
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WINDOW TAKAFUL OPERATIONS Jubilee Life commenced its Window Takaful Operations on July 07, 2015 (19th of Ramadan 1436 Hijri). The purpose was to provide Shariah-compliant Takaful products to our brethren for overcoming uncertain situations in life. All business operations and products of Jubilee Family Takaful are approved and supervised by its independent Shariah Advisor, Mufti Zeeshan Abdul Aziz, who is an eminent and renowned Shariah Advisor. An in-house Shariah Compliance Department supervises the implementation of promulgated Shariah Rulings & Guidelines pertaining to different operational and investment related issues. An external Shariah Audit further certifies Shariah Compliance of Jubilee Window Takaful Operations.