KARACHI: State Life Insurance Corporation of Pakistan (SLIC) held Annual Marketing Convention at a local hotel to congratulate vigorous workforce and determined management team and celebrate strongest annual results since its inception. Despite macroeconomic and market volatility challenges, SLIC delivered strongest business numbers in its history and grew its premium revenue to Rs 279 billion, increasing by 64 percent from last year. New business 173 billion increasing by over 161 percent from 2021. Individual life highest ever premium collection since inception. Group life and health highest-ever new business since inception.

Shoaib Javed Hussain Chairman of State Life reiterated, “This has only been achieved due to dedication of our professional workforce across our officers, staff and sales force cadres as they implemented our dynamic corporate leadership’s innovative vision and competitive strategy.

Premium Income: Over Rs 279 billion collected increased by 64 percent from 2021, investment Income: over Rs 122 billion, investment yield 10.5 percent. Claims: over Rs 167 billion in claims paid to policyholders highest ever since inception. Bonus allocated to policyholder over Rs 95 billion highest ever since inception. Assets growth over Rs 1.56 trillion increased by 15 percent from 2021. Pak Life Fund over Rs 1.4 trillion increased by 15 percent from 2021.

Published in The Daily National Courier, February, 07 2023

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