Bancassurance

An Introduction/Overview

State Life Insurance Corporation in Pakistan Pakistan’s Largest Life & Health Insurer is the only AAA Rated Insurer in Pakistan. All financial Obligations of State Life from Pay-out of Sum insured to declared Bonuses are unconditionally guaranteed by the Government of Pakistan.

State Life Bancassurance offers its comprehensive suite of life insurance products, including protection, savings and investment plans, to the customers of banks as its bancassurance partner wherein the bank will distribute SLIC products to its customers.

State Life Insurance Corporation of Pakistan launched Bancassurance in 2012, now by 2021 the Division has a relationship with 06 Partner Banks, (Bank Alfalah, United Bank, National Bank, Silk Bank, Samba Bank & First Women Bank and this partnership is aimed at offering State Life’s ‘Benefit Rich’ Products to Bank Customers.

The addition of State Life Products to the array of Products that Banks offer give the Customers a value-added Choice and help the Banks in offering their Valued Account Holders the most competitive Product and better value for their money.

Our Bancassurance Business is currently managed and Administered by GBA Services – Our Insurtech Partners.

State Life Insurance Strength:

• Flexible Individual Conventional & Takaful Life Insurance plans
• Only AAA rated insurer in Pakistan with a sovereign guarantee by IFS (Insurer Financial Strength) to recognize SLIC's ability to strongly meet policyholder and contract obligations.
• Only AAA rated insurer in Pakistan with a sovereign guarantee
• Highest policyholder bonus distribution at 97.5% of surplus
• Highest claims payout to policyholders (2020 = 65 Billion – 2021 = 103 Billion+)
• Declared Bonus of last four Years 2017=56.16 Billion, 2018=61.08 Billion, 2019= 68.56 Billion, 2020=76 Billion)
• More than 11,000 offices across Pakistan serving policyholders
• Huge Life Fund (1.3 Trillion +) Investment in Quality Assets.
• Largest Marketing Network.
• Sovereign Guarantee.
• Management of Bancassurance Operations through Insurance Experts (GBA).
• Bonus-based Life Insurance Products.
• Diversified Portfolio of investment in Government Securities, Real Estate rentals, Blue Chip Equities
• All payouts and bonuses are unconditionally guaranteed by the Federal Government of Pakistan.
• The surplus is increasing at a very fast and unmatchable rate every year.
  
   Call Centre Services/ Customer Care

Call Centre Services are now available 9AM to 6PM (Monday to Friday) at phone number +92-304-111-555-0