State Life: Difference between revisions

State Life
Company type	Government organization
Industry	Life insurance
Founded	1972; 53 years ago
Headquarters	Karachi, Pakistan
Key people	Shoaib Javed Hussain; (Chairman)
Products	Life insurance; Pensions; Annuities; Takaful; Bancassurance;
Revenue	Rs. 208.374 billion (US$720 million) - 2019
Net income	Rs. 1.27 billion (US$4.4 million) - 2017
Total assets	Rs. 1.058 trillion (US$3.7 billion) - 2019
Owner	Government of Pakistan
Website	digital.statelife.com.pk

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Revision as of 07:38, 28 August 2022

The State Life Insurance Corporation of Pakistan, commonly known as State Life or SLIC, (Template:Lang-ur) is the largest life insurance company of Pakistan, and is one of the largest companies in Pakistan by assets. 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.^[2]

The State Life is headed by a chairman, currently^[when?] 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.^[3] The Principal Office of State Life is situated in Karachi.

History

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.^[4]

Subsidiaries

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)

References

^ "Financial Performance Highlights" (PDF). State Life.
^ 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.{{cite web}}: CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link)

External links

http://www.statelife.com.pk/Life Insurance Company (State Life) Islamabad, Pakistan.00923333777425
http://www.statelifeplans.com

[1] "Financial Performance Highlights" (PDF). State Life.

[2] ttps://www.fp.brecorder.com/2018/04/20180405357950/amp/

[3] "Gilani asks State Life to use network for economic growth". The Nation. August 30, 2009.

[4] D’Souza, Zoha Habib | Vanessa (August 28, 2018). "A matter of life and death". Aurora Magazine.{{cite web}}: CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link)

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 == External links ==
 *http://www.statelife.com.pk/Life Insurance Company (State Life) Islamabad, Pakistan.00923333777425
 *[http://www.statelifeplans.com/ http://www.statelifeplans.com]
-*
+{{authority control}}
 [[Category:Companies based in Karachi]]
 [[Category:Government-owned insurance companies]]
 [[Category:Pakistani companies established in 1972]]
 [[Category:Ministry of Commerce (Pakistan)]]
-https://www.statelifesales.com
 [[Category:Life insurance companies]]
 [[Category:Insurance companies of Pakistan]]
-[[Category:Companies listed on the Pakistan Stock Exchange]]
 [[Category:Financial services companies established in 1972]]
 [[Category:Government-owned companies of Pakistan]]
-{{authority control}}
-Life Insurance Company (State Life) Islamabad, Pakistan.00923333777425
-*[http://www.statelifeplans.com/ state life insurance, statelife insurance for new policy islamabad office  G-9 Markaz G 9 Markaz G-9, Islamabad, Islamabad Capital Territory]