Jubilee Life Insurance 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 share are quoted on the Karachi Stock Exchange. The Company started its business on 20 June 1996. Paid Up Capital of the Company is Rs. 627 million.

AKFED is active in the fields of Industry, Financial Services, Tourism Development and Infrastructure in South and Central Asia and sub-Saharan Africa. Some of the sister concerns of NJI Life in Pakistan are:

- The Aga Khan University Hospital
- Jubilee General Insurance
- The Aga Khan Health Services
- Tourism Promotion Services (Chain of Sarena Hotels)
- First Micro Finance Bank Limited
- Habib Bank Limited
- The Aga Khan Education Services
- Focus Humanitarian Assistance

Jubilee Life enjoys competitive edge over the players in the market because of the highest paid-up capital amongst public listed companies in Pakistan, highest ratio of customer loyalty among all life insurance companies, uniquely designed plans for each individual customer, complete range of products for individual and corporate customers and backing of world's largest reinsurance companies.