According to reports, Pakistan has a huge number of cancer patients, approximately 170,000 people are diagnosed with the disease annually. Among other major challenges, affordability restricts access of patients to standard of care treatment. To address this impediment, Jubilee Life Insurance in collaboration with Roche Pakistan hosted an event in Islamabad to announce their partnership for the country’s first-ever Cancer Protection Plan.
The ceremony was attended by the President of Pakistan, Dr. Arif Alvi, senior management of both companies, diplomats, celebrities as well as government officials.
Under this partnership, Jubilee Life will provide a cancer protection plan against a wide range of cancers, from the most common to rarest types, and offers benefit amounts from 25% of the Sum Assured for Early Stage Cancer to 100% of the Sum Assured for Late-Stage Cancer. Premium from the plan begins from as low as PKR 735 per annum, subject to assessment based on gender, plan term and age. The term for the plan can be between 10 to 47 years, subject to maximum age of 65 years at maturity. Under the plan Roche Pakistan will be extending its Patient Support Program to all policy holders to overcome affordability challenges in cancer treatment.
Sharing the idea behind this partnership, Mr. Javed Ahmed, Managing Director & CEO, Jubilee Life Insurance said “I would like to extend my gratitude to the President of Pakistan, Dr. Arif Alvi for joining us on this auspicious occasion and extending his support towards this cause. Battling with cancer is an extremely harrowing ordeal not just for the patient, but for their entire family and loved ones. We at Jubilee Life designed this plan to provide patients with maximum aid for the healthcare aspect of the disease. We are hopeful that this will prove to be a crucial support system for all those who unfortunately have to fight cancer. I would like to extend my gratitude to Roche Pakistan on joining forces with Jubilee for this noble endeavor and together we shall continue working towards providing health safety to people across Pakistan.”
Mr. Farrukh Rehan, Managing Director, Roche Pakistan said “Jubilee Life has taken a landmark step in the healthcare insurance domain. Cancer is a life-threatening disease that not only takes a toll on patients emotionally but also financially. We at Roche Pakistan are proud to be able to contribute to this great cause which will effectively ease the burden faced by cancer patients.”
Jubilee Insurance is a global brand of Aga Khan Fund for Economic Development (AKFED) that offers diverse insurance solutions (life, health, and general) and is the market leader among private sector life insurance companies in Pakistan. With an average growth of 38% over the last five years, it is the most profitable and valuable life insurance company on the stock exchange.
Roche is the leading Biotech company worldwide and pioneer in pharmaceuticals and diagnostics focused on advancing science to improve people’s lives. Since the last 35 years, Roche Pakistan has provided truly differentiated medicines in oncology, immunology, infectious diseases, ophthalmology and diseases of the central nervous system.