The State Life Insurance Corporation of Pakistan, commonly known as State Life or SLIC, (Urdu: ہیَیت دولتِ پاکستان برائے پالیسی کاریِ زندگی) is the largest life insurance company of Pakistan, and is one of the largest companies in Pakistan by assets.[2] It maintains an agency network of around 200,000 sales personnel. Although the major function of SLIC is to carry out life insurance business, it is also involved in other business activities such as investment of policyholders’ fund in government securities, stock market and real estate.[3]
The State Life is headed by a chairman, currently Shoaib Javed Hussain. The chairman is assisted by four directors. The chairman and directors of State Life are all appointed by the Government of Pakistan.[4] The Principal Office of State Life is situated in Karachi, Pakistan.
The life insurance business in Pakistan was nationalized in March 1975. Prior to 1972, 36 life insurance companies were involved in the life insurance business. These companies were later merged and placed under three Beema Units; named "A", "B" and "C". Later, these Beema Units were merged on November 1, 1972, into State Life Insurance Corporation of Pakistan.[5]
Subsidiariesedit
State Life has the following subsidiaries:
Alpha Insurance Company Limited
State Life (Abdullah Haroon Road) Properties (Private) Limited
State life (Lackie Road) Properties (Private) Limited
State Assets Management Company Limited (SAMCO)
Referencesedit
^"Financial Performance Highlights" (PDF). State Life.
^Khan, Mutaher (May 2, 2023). "State Life: The outlier in Pakistan's insurance industry". DAWN.COM.
state, life, this, article, uses, bare, urls, which, uninformative, vulnerable, link, please, consider, converting, them, full, citations, ensure, article, remains, verifiable, maintains, consistent, citation, style, several, templates, tools, available, assis. This article uses bare URLs which are uninformative and vulnerable to link rot Please consider converting them to full citations to ensure the article remains verifiable and maintains a consistent citation style Several templates and tools are available to assist in formatting such as reFill documentation and Citation bot documentation August 2022 Learn how and when to remove this template message The State Life Insurance Corporation of Pakistan commonly known as State Life or SLIC Urdu ہی یت دولت پاکستان برائے پالیسی کاری زندگی is the largest life insurance company of Pakistan and is one of the largest companies in Pakistan by assets 2 It maintains an agency network of around 200 000 sales personnel Although the major function of SLIC is to carry out life insurance business it is also involved in other business activities such as investment of policyholders fund in government securities stock market and real estate 3 State LifeCompany typeGovernment organizationIndustryLife insuranceFoundedNovember 1972 51 years ago 1972 11 HeadquartersKarachi PakistanKey peopleShoaib Javed Hussain Chairman ProductsLife insurancePensionsAnnuitiesTakafulBancassuranceRevenueRs 208 374 billion US 720 million 2019 1 Net incomeRs 1 27 billion US 4 4 million 2017Total assetsRs 1 058 trillion US 3 7 billion 2019OwnerGovernment of PakistanWebsitedigital wbr statelife wbr com wbr pkThe State Life is headed by a chairman currently Shoaib Javed Hussain The chairman is assisted by four directors The chairman and directors of State Life are all appointed by the Government of Pakistan 4 The Principal Office of State Life is situated in Karachi Pakistan Contents 1 History 2 Subsidiaries 3 References 4 External linksHistory editThe life insurance business in Pakistan was nationalized in March 1975 Prior to 1972 36 life insurance companies were involved in the life insurance business These companies were later merged and placed under three Beema Units named A B and C Later these Beema Units were merged on November 1 1972 into State Life Insurance Corporation of Pakistan 5 Subsidiaries editState Life has the following subsidiaries Alpha Insurance Company Limited State Life Abdullah Haroon Road Properties Private Limited State life Lackie Road Properties Private Limited State Assets Management Company Limited SAMCO References edit Financial Performance Highlights PDF State Life Khan Mutaher May 2 2023 State Life The outlier in Pakistan s insurance industry DAWN COM https www fp brecorder com 2018 04 20180405357950 amp Gilani asks State Life to use network for economic growth The Nation August 30 2009 D Souza Zoha Habib Vanessa August 28 2018 A matter of life and death Aurora Magazine a href Template Cite web html title Template Cite web cite web a CS1 maint multiple names authors list link CS1 maint numeric names authors list link External links edit 1 Retrieved from https en wikipedia org w index php title State Life amp oldid 1179887284, wikipedia, wiki, book, books, library,
