State Life’s fund attracts Rs 137 billion


State Life Insurance Corporation (SLIC) of Pakistan aims to provide optimum financial protection through life insurance coverage both in the urban and rural areas of the country expanding its operations in line with the insurance policy announced by the government of Pakistan.

Kamal Afsar, Chairman SLIC stated this while addressing the delegates of State Life Convention 2007 held at Bhurban, Murree.

Mr Afsar said that highly educated professionals on market-based salaries would be inducted for enhancing the competitiveness and productivity of the company while harnessing State Life’s corporate role in the development of insurance industry.

Mr Kamal Afsar said that as a guardian of its valued policyholders, State Life has successfully allocated Rs 8.44 billion of actuarial surplus as bonus to profit policies of the policyholders based on the actuarial valuation of 2006 while the State Life’s Life Fund has attracted Rs 137 billion as of 31st December 2006.

Chairman, SLIC said that State Life being the sole trusty of its valued policyholders’ life fund will increase the yield year to year by consistently pursuing prudent investment policies.

State Life’s investment portfolio stood at Rs 142 billion while investment income has surged to Rs 15 billion as of 31st December 2006


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