State Life allocates Rs8bn as surplus


KARACHI: State Life Insurance Corporation of Pakistan Chairman Kamal Afsar has said the SLIC has allocated Rs8.44 billion as actuarial surplus for paying bonus to the policy-holders.

According to a press note of the SLIC, addressing the SLIC convention held at Bhurban, Muree, he said the investment portfolio of the corporation stood at Rs142 billion.

He said for low-income groups, the SLIC intended to start micro-insurance. He praised the marketing force for achieving the targets.

Earlier welcoming the chairman and delegates, SLIC Executive Director Nargis Ghaloo said during the period January to August 2007, the corporation secured Rs2.05 billion as first year premium. In group life category, the corporation secured Rs1.17 as new premium

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