Jubilee Life and UBL Launch Endowment Products

Jubilee Life Insurance Company Ltd. and UBL – United Bank Limited have joined forces to introduce a new set of “traditional endowment” insurance products in Pakistan. Jubilee Life, one of the country’s largest private insurers, and UBL, a major financial institution, signed a partnership aimed at offering customers financial protection coupled with long-term value. The new products are designed with several benefits including guaranteed maturity benefits, fixed surrender value, reversionary bonuses, and the sum assured in case of death. They also provide features like policy loans and automatic premium loans to give policyholders financial flexibility.

Speaking at the launching ceremony, key executives emphasized the innovation and customer-centric nature of the collaboration. The CEO of Jubilee Life expressed that this partnership underlines the company’s commitment to expanding financial protection solutions. Meanwhile, UBL’s branch banking leadership said this product lineup marks a milestone in offering financial wellness through products that serve both protection and savings needs.

Through these new endowment offerings, both institutions aim to deepen financial inclusion and enable customers to meet long-term financial goals with more certainty. The blend of guaranteed returns, death benefit protection, and access to funds via premium loans is intended to address concerns people may have about liquidity and the risk of losing value. By combining insurance and savings features, the new scheme may appeal to those seeking both security and growth in their financial planning.