Representators

Hina bhatti
Qurat ul ain yaseen
 Risk and uncertainty are fundamental
facts of life.
All human activities are subject to risk,
which may lead to financial or physical
losses to him.
Insurance is a device to cover the losses
arise due to occurrence of some
undesired event.
Insurance is an economic
device whereby the individual
substitutes a small certain cost
(premium) for a large
uncertain financial loss (the
contingency insured against)
that would exist if it were not
for the insurance.
 Safeguard against sudden losses and
assurance of smooth functioning of
business activities
Improvement in the saving habits in the
society and making funds available for
productive investments
Help of individuals in case of unforeseen
financial Loss
 Element of Riba (Interest)
Element of Qimar (Gambling)
Element of Gharar (Uncertainty,
Doubt, Risk)
Unlawful appropriation of others
property
Violation of law of inheritance in
case of life insurance.
 Established in 1953, NJI is one of the most
reputable and brightest 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
 To be Pakistans leading and most highly
reputed insurance company, enjoying the
confidence and trust of its shareholders,
policyholders, business partners and
communities in which it operates.
 SHAREHOLDERS
POLICYHOLDERS
EMPLOYEES
COMMUNITY
 Property Insurance
Marine Insurance
Motor Insurance
Engineering Insurance
Bond
Group Health Insurance
Miscellaneous Insurance
Personal Line Insurance
Specialized Insurance
 New Jubilee Life Insurance Company is
using following policies for the comfortness
of the people.
Personal accidental plan
They are using this policy for 1, 2 and 3 years.
Secure Life time plan.
The duration of the Secure Life time plan is 10-20
years. The customers of NJI are much interested
in this policy of company. Each of this policy has
rules that how much payment is to be paid in
how much how much time. These policies are
very much beneficial for the customers.
 Each of the above mentioned programs
has its own budget according to the
requirements of the program. Some
programs are highly beneficial and so
require lot of budget and some programs
are not very much beneficial and so
require small budget for their installation.
 Real plan
Long term plan
Short term plan
Single use plan
Strategic plan
Operational plan
 Highest paid-up capital in the insurance
industry.
Highest ratio of customer loyalty among all
life insurance companies.
Unique designed plans for each individual
customer.
Only life insurance company in Pakistan with
complete range of products for corporate
customers.
Backing worlds largest insurance companies.
Only company providing insurance to banks
in Pakistan.
 Infrastructure in Pakistan.
Unaware population of Pakistan about
their security.

Political instability.
Population growth in Pakistan.
Awareness of people about insurance
benefits.

 Political stability.
Presence of competitors like State Life
Insurance company and EFU insurance
company in the market.
 The Aga Khan University Hospital
New Jubilee Insurance Company (carrying
out general insurance business)
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
G
R
O High
W Secure life Education
T Plan Plan
H

R Loan plan Pension plan

A Low
T
E RELATIVE MARKET SHARE
 STABILITY STRATEGY
NJI is using stability strategy for secure
life time plan.
GROWTH STRATEGY
NJI is using growth strategy for Education
plan and Loan plan.
RETRENCHMENT STRATEGY
NJI is using retrenchment strategy for
pension plan.
NJI is very strong insurance company that has
recently introduced two of new insurance plans
which are monthly based savings and banks
insurance. This is first time in the history of
Pakistan that any insurance company has
introduced the insurance plans for banks. NJI
employees are very hardworking, they are
selected after a fifteen days testing period. They
are providing better satisfaction as compared to
other customers and their customers are loyal to
them. NJI has very strong financial position and
strong management. That is why 52% of the
Pakistani organizations have insured themselves
with NJI and its market share is 40%.
 It should increase its plans criteria.
It should introduce new and beneficiary
plans for the customers which have never
been introduced in Pakistan.
It should allocate more of its profit part
towards the motivation of the employees
because the motivated customers will sale
more.
IN this year NJI is also allocating a part of its
profit towards societal marketing.
 There is limited advertising in Pakistan so
they should increase their advertising so
that more people will get aware from NJI.
NJI has very poor infrastructure. It should
increase its infrastructure.
NJI is working only in 28 cities so it should
increase its branches all over the
Pakistan.
It should bring its Management in each
branch because they have Marketing
department.