Tuesday , 19 September 2017
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SLIC pays out Rs13bln against claims

SLIC pays out Rs13bln against claims

madam GhulooLast year State Life Insurance Corporation of Pakistan paid out Rs13.091 billion against all claims, thus providing financial protection and savings to millions of valued policyholders and their families nationwide, a press release from the Corporation.
State Life, the largest life insurance company of Pakistan, has a market share of 58 percent. It has a total business portfolio of Rs74 billion which has achieved an exceptional growth of 70 percent in the last three years. The corporation contributes approximately 0.3 percent to Pakistan’s GDP, the press release said.
According to the statement, State Life has been able to achieve this with its extensive range of products targeting different sections of Pakistani society.State Life has 32 active Individual Life plans and eight active Group Life products.This fulfils the insurance, investment (long term and short term), saving and other needs of the population, the press release said.