KARACHI: Jubilee Life Insurance, Kashf Foundation and the United Nations Development Programme (UNDP) have jointly launched an innovative micro-savings and protection product designed to strengthen the financial resilience of women from underserved communities, a statement said on Monday.
Designed specifically for Kashf Foundation’s women borrowers, ‘Khushal Mustaqbil Takaful’ (KMT) is a yearly renewable endowment Islamic insurance plan that combines protection with long-term savings. Operating under the Sharia-compliant Wakalah-Waqf Takaful Model, the product offers a dual benefit: financial protection for families in the event of loss of life, alongside a structured pathway for women to build savings and long-term financial security.
Javed Ahmed, MD and CEO of Jubilee Life Insurance, said: “Our collaboration with Kashf Foundation reflects our commitment to empowering women with solutions that not only safeguard their families but also enable them to build a more secure and independent financial future.”“A woman who invests in her future doesn’t just change her own life; she changes her family’s as well,” said Roshaneh Zafar, managing director at Kashf Foundation.
