Monday , 29 May 2017
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State life earn  profit Rs.810 million in 2013

State life earn profit Rs.810 million in 2013

State Life insurance board of directors,approved its annual financial accounts for 2013.The Corporation  slic building, which was up 5.6% from 2012.The profit of State Life for 2013 was equal to 40.2% of the combined earnings of the six private-sector life insurance companies that operated in that year.According to the chairperson’s note attached to the annual accounts, State Life plans to launch unit-linked life insurance products just like its private-sector counterparts.Commenting on Islamic insurance market, she said it offered State Life bright prospects. “State Life is planning to commence Takaful operations in 2015 and is in the process of applying to the SECP for commencing Takaful operations,” she said.