NEW JUBILEE INSURANCE COMPANY LIMITED

Established in 1953, NJI is one of the brightest and most reputable names in
the insurance sector. Sustained growth over half a century has secured NJI a place
among the “Big Three” Pakistani insurance in terms of gross direct premium and
financial base. NJI is listed on the Karachi & Lahore Stock Exchanges. Major
shareholders include Aga Khan Fund for Economics Development and Hashoo Group.
NJI, with its Head Office in Karachi, has an extensive and dynamic branch network in all
major cities and towns of Pakistan that guarantees prompt service at the customer’s
doorstep. NJI is the only company among the top insurers to secure and sustain an Insurer
Financial Strength Rating of “AA” both by PACRA and JCR-VIS.

SOURCES AND USES OF FUNDS

There is wide range or sources of funds offered by New Jubilee insurance company it
includes list of insurances which are as follows: property insurance, motor, marine,
engineering, group health insurance, family sehat care, miscellaneous insurance, viacare
travel insurance, specialized insurance, personal line insurance. The following are in
detail
1. PROPERTY INSURANCE

All large industrial groups like Cement plants, Polyester Plants, Refinery, Sugar, Textile,
Pharmaceuticals, Biscuit manufacturers, Paint factories, Automobile assembly plants,
Chemicals manufacturers, Cigarettes manufacturer, Diary products, Engineering based
Glass factories, Plastic goods manufacturers, Poultry Farms and others.Also emerging
S.M.Es, Shops, Warehouses, Schools, Hospitals, Residential houses, distributors etc.

Cover available against:

• Fire & Allied Perils

• Burglary
• Explosion
• Riot & Strike Damage
• Malicious Damage
• Storm & Flood
• Earthquake
• Impact Damage
• Aircraft Damage
• Spontaneous combustion
• Business Interruption following Fire & Allied Perils
• Terrorism

Other insurances
In addition to the above, we also offer Business Interruption insurance following any
damage due to perils stated above.

2. MOTOR INSURANCE

Large corporate groups having fleet of vehicles, leasing companies, banks offering auto
loan schemes as well as individuals.

Cover available against:

• Private Car Comprehensive

• Commercial Vehicle Comprehensive
• Motorcycle Comprehensive
• Motor Third Party Liability
• Trade Plate Policy

In addition, for those wishing to have only restricted cover we also offer insurance
covering 3rd party liability cover only.

3. MARINE INSURANCE

Importers & Exporters- Also industrial units importing raw material and / or packaging
material, plant machinery and equipment for modernization and expansion.
Cover available against:
Loss or damage to the cargo during transit, from the place of origin till final destination.
Also cover dispatch of finished goods from the insured factory to any where in Pakistan
and vise-versa

• Marine Cargo Import

• Marine Cargo Export
• Marine Cargo Inland Transit
• Marine Umbrella Liability
• Marine Advance Loss of Profit
• Seller’s Contingency Policy
• Marine Hull

Other insurances:
We will be pleased to answer your queries regarding Marine Hull (Ocean Vessels or
vessels for break-up), Barges, Trawlers, Tugs, Pleasure Boats, etc.

• Pleasure Craft Policy

• Sports Craft Policy

Special discounted rates available:

For cargoes dispatched in containers from destination to destination, we offer special
discounted rates.

Specialised cover:
We can also design tailor made insurance covers for import of plant and machinery by
offering Marine-cum-Erection which not only cover the machinery being imported but
also cover the plant and its machinery during erection.

In addition to the above, we can also tailor/design covers according to the specific
requirement of the clients

4. MISCELLIONUS INSURANCE
Cash Insurance:
The cash policy is designed to covers

• Cash in Safe
• Cash in Transit
• Cash in Counter

Fidelity Guarantee Insurance:

This policy covers misappropriation or embezzlement committed by a permanent
employee of the organization during the course of his employment.

Householder's Comprehensive:
This policy is designed to provide cover to building of a bungalow or an apartment. It
covers the entire furniture, fixture, electronic items, carpets, etc.

Neon Sign:
The advertisement neon sign are comprehensively covered against fire, damage and other
perils.

Plate Glass:
The expensive plate glass is covered on comprehensive basis against accidental damage
and many other perils.

Others:

• Workman Compensation
• General Public Liability
• Product Liability
• Employer’s Residual Liability
• Golfer’s Policy
• Aviation Insurance
• Travel Insurance
• Baggage Insurance
5. ENGINEERING INSURANCE
All industrial risk having plant, machinery and specialised equipment, contractors and
sub-contractors.

Cover available against:

• Contractor’s All Risk

• Erection All Risk
• Comprehensive Project Insurance
• Advance Loss of Profit following CAR/EAR
• Comprehensive Machinery Insurance
• Machinery Breakdown (MBD)
• Boiler & Pressure Vessel
• Business Interruption following MBD
• Contractor’s Plant & Equipment
• Computer & Electronic Equipment
• Deterioration of Stock following MBD

USES OF FUNDS
Life insurance companies invest in long term securities, government bonds and foreign

bonds. They also invest in corporate securities which are one of the most important assets

of an the insurance company which includes a mix of medium and long term securities te

corporate debt makes up 48% of New Jubilee insurance company, investment in stocks is

24% and 12% government securities, 2% in loan policy, 1% in real estate, 5% in

mortgages