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PRESENTATION ON NJI

PRESENTATION ON NJI. PRESENTED TO : MAM AMMARA AKRAM PRESENTED BY : SAIMA ASGHAR ROLL NO :07-20. HISTORY. “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

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PRESENTATION ON NJI

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  1. PRESENTATION ON NJI PRESENTED TO : MAM AMMARA AKRAM PRESENTED BY : SAIMA ASGHAR ROLL NO :07-20

  2. HISTORY • “NJI is the only company among the top insurers to secure and sustain an Insurer Financial Strength rating of “AA” both by PACRAand JCR-VIS • New Jubilee Life Insurance Company Limited (NJI Life) 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 is 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.

  3. HISTORY • NJI 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.

  4. NJI Life is engaged both in individual life insurance and corporate insurance business. Individual life insurance business is procured through two channels, i.e. through Company’s own enthusiastic Branch Operations and through alternative distribution channels such as Bancassurance. NJI Life is proud to be the pioneer of Banc assurance in Pakistan. NJI Life is also the pioneer of many credit life insurance schemes prevalent in Pakistan.

  5. Within a decade, NJI Life has been able to make over 35,000 individual customers and over 650 corporate customers covering over 500,000 lives in total.

  6. COMPANY’S DIFFERENT PRODUCTS • Secure Life • Secure Personal Accident • Secure Sarmaya • Secure Investment • Secure Loan • Secure Terms • Secure Critical Illness

  7. SECURE LIFE   Security for the Years Ahead. • It’s easy for you to see what kind of insurance your family needs now. You may think this is only needed for the next 10 to 20 years until your family has grown up .

  8. SECURE PERSONAL ACCIDENT • Life is uncertain. Everybody is at risk – on the roads, at work, on vacations, while traveling, or even inside their home. Natural catastrophes also add to life’s uncertainty. Some unfortunate accidental occurrence might bring a huge financial burden to you and your family.

  9. Accidental Hospitalization (AH) • Provides compensation for expenses incurred on hospitalization of the Life Assured due to accident. The maximum benefit limit for this coverage is 10% of the Sum Assured subject to a maximum of Rs.50, 000.

  10. Permanent Total Disability (PTD) • Provides for the benefit in case of Permanent and Total Disability due to accident. The benefit payable to you shall be 100% of the Sum Assured. The benefit is payable if the state of permanent and total disability continues for a minimum period of 6 months.

  11. Temporary Disability (TD) • Provides compensation for expenses incurred on hospitalization of the Life Assured due to accident. The maximum benefit limit for this coverage is 10% of the Sum Assured subject to a maximum of Rs.50, 000.

  12. Secure Sarmaya Plan • Secure Sarmaya Plan is an innovative, Unit Linked product. It provides you an opportunity of making secure and safe investment in a Fund managed by NJI Life whilst simultaneously enjoying the benefits of free life and accidental death insurance coverage.

  13. Secure loan • This plan can help clear any outstanding mortgage or loan balance, in case of death of the life assured. As you gradually pay off the mortgage or loan, the level of protection needed to cover the remaining amount of loan also decreases.

  14. GROUP LIFE   • A group Insurance scheme demonstrates a company’s concern for its employees’ welfare and provides them sense of security and peace of mind.

  15. NJI Life Insurance Company Segmentation Plans Target Market

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