JazzWorld has completed the acquisition of a controlling stake in TPL Insurance, marking a significant milestone in expanding digital financial services in Pakistan.
Jazz International Holding Limited (JIHL), a subsidiary of global digital operator VEON, now owns 76.33% of TPL Insurance. The total value of the acquisition is approximately PKR 4.55 billion.
Following the acquisition, TPL Insurance has become part of JazzWorld’s integrated digital financial ecosystem, where insurance services will now complement JazzCash and Mobilink Bank on a single platform. Together, this ecosystem serves more than 100 million customers across Pakistan.
Speaking on the occasion, JazzWorld Chief Executive Officer Aamir Ibrahim said the acquisition represents an important step toward expanding digital insurance and making affordable protection products more accessible to individuals and businesses across the country.
TPL Corp Chief Executive Officer Ali Jameel said the partnership with JazzWorld and VEON will enable TPL Insurance to further scale its digital capabilities and extend quality, affordable insurance solutions to millions of Pakistanis.
TPL Insurance is one of Pakistan’s leading digital insurance companies, offering motor, health, property, fire, and other general insurance products through a fully digital platform.
