- Individual Life Plans
- Whole Life Assurance
- Endowment Assurance
- Golden Endowment
- Sadabahar Plan
- Anticipated Endowment Assurance
- Shad Abad Assurance
- Jeevan Saathi Assurance
- Child Education And marriage Assurance
- Child Protection Assurance
- Sunheri Policy
- Shehnai Policy
- Optional Maturity Mndowment
- Nigehban
- Muhafaz Plus Assurance
- Supplementary Covers
- Committee Policy
- Group Life & Pension
- Insurance for Gulf
- Health Insurance
- Bancassurance
- Takaful
- Introduction
- Individual Takaful
- Product Information
- Current Funds Price
- Historical Fund Price
- Banca Takaful
- Products
- Partner Banks
- Group Life Takaful
- Group Health Takaful
- FAQs
- Real Estate
Board Of Directors
Mr. Sulaiman S. Mehdi |
Chairman |
Mr. Shoaib Javed Hussain |
Chief Executive Officer (C.E.O) |
Mr. Anwar Mansoor Khan | Independent Director |
Mr. Humayun Bashir | Independent Director |
Mrs. Pouruchisty Sidhwa | Independent Director |
Mr. Sheharyar Iftikhar Khan | Independent Director |
Ms. Sarah Saeed (Rep. Ministry of Commerce) | Non Executive Director |
Mr. Mohammad Sheheryar Sultan (Rep. Ministry of Finance) | Non Executive Director |
Mr. Muhammad Iqbal (Rep. Ministry of Health) | Non Executive Director |
Mr. Mushtaq Ahmed | Company Secretary |
Sub Committee(s).
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Board Underwriting Committee and Reinsurance & Co-Insurance Committee
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Board Ethics, Human Resource & Remuneration & Nomination Committee (EHRRC)
Mr. Shoaib Javed Hussain | Chairman |
Mr. Anwar Mansoor Khan | Member |
Mrs. Pouruchisty Sidhwa | Member |
Divisional Head (P&GS) | Secretary |
Board Underwriting Committee and Reinsurance & Co-Insurance Committee
Mr. Mohammad Sheheryar Sultan | Chairman |
Divisional Head (Act) | Member |
Divisional Head (PHS) | Member |
DGM - PHS (Underwriting) | Secretary |
Board Risk Management, Compliance and Litigation Committee
Mr. Anwar Mansoor Khan | Chairman |
Mr. Sheharyar I. Khan | Member |
Mr. Mohammad Sheheryar Sultan | Member |
Mrs. Pouruchisty Sidhwa | Member |
Executive Director (Legal Affairs Division) | Member |
Divisional Head (Risk Management) | Secretary |
Board Claim Settlement Committee
Mr. Muhammad Iqbal | Chairman |
Executive Director (PHS) | Member |
Divisional Head (H&AI) | Member |
Divisional Head (PHS) | Secretary |
Board Ethics, Human Resource & Remuneration & Nomination Committee
Mrs. Pouruchisty Sidhwa | Chairman |
Mr. Humayun Bashir | Member |
Rep. Ministry of Commerce | Member |
Executive Director (P&GS) | Member |
Divisional Head (P&GS) | Secretary |
Mr. Humayun Bashir | Chairman |
- | Member |
Mr. Muhammad Iqbal | Member |
Executive Director (IT/CTO) | Member |
Divisional Head (IT) | Secretary |
Mr. Anwar Mansoor Khan | Chairman |
- | Member |
Mr. Muhammad Iqbal | Member |
Executive Director (Inv) | Member |
Chief Financial Officer (CFO) | Member |
Appointed Actuary | Member |
Divisional Head (Investment) | Secretary |
Divisional Head (Real Estate) | Standing Secretary (For the matter related to Real Estate Division) |
Mr. Sheharyar I. Khan | Chairman |
Mr. Mohammad Sheheryar Sultan | Member |
Mr. Humayun Bashir | Member |
Divisional Head (I.A) | Secretary |
Dr. Arshad Hameed Iraqi | Compliance Officer |
emon
Corporate Profile
Brief History
The Life Insurance Business in Pakistan was nationalized during March 1972. Initially Life Insurance business of 32 Insurance Companies was merged and placed under three Beema Units named “A”, “B” and “C” Beema Units. However, later these Beema Units were merged and effective November 1, 1972 the Management of the Life Insurance Business was consolidated and entrusted to the State Life Insurance Corporation of Pakistan.
State Life Insurance Corporation of Pakistan is headed by a Chairman and assisted by the Executive Directors appointed by Federal Government. Up to July 2000 the Corporation was run by Board of Directors constituted under Life Insurance (Nationalization) Order 1972. In July 2000, under Insurance Ordinance 2000, the Federal Government reconstituted the Board of Directors of State Life which runs the affair of this Corporation.
The basic structure of the Corporation consists of Seven Regional Offices, Thirty Three Zonal Offices, a few Sub-Zonal Offices, 200 Sector Offices, and a network of 1127 Area Offices across the country for Individual Life Insurance, Four Zonal Offices and 6 Sector Offices with 20 Sector Heads for Group & Pension are involved in the Marketing of Life Insurance Plans policies and products offered by State Life and a Principal Office. The Zonal Offices deal exclusively with Sales and Marketing, Underwriting of Life Insurance Policies and the Policyholder's Services. Regional Offices, each headed by a Regional Chief, supervise business activities of the Zones functioning under them. The Principal Office, based at Karachi, is responsible for corporate activities such as investment, real estate, actuarial, overseas operations, etc.
Major Achievements
The major function of the State Life Insurance Corporation of Pakistan is to carry out Life Insurance Business, Health and Accidental Insurance and Family Takaful Bussines. However, Corporation is also involved in the other related business activities such as investment of policyholders fund in Government securities, Stock market and Real Estate etc. The major achievements of State Life are as under:
- State Life is profitable organization and it paid Rs.18.23 billion as dividend to the Government of Pakistan since its inception in 1972.
- State Life has played very vital role in the economy by providing employment to the people of the country as permanent employees and as part of its marketing force and by investing the huge funds in different sectors of the economy. The Investment Portfolio of State Life as at 31.12.2022 stands at Rs.1,419.53 billion.
- Investment portfolio also includes investment in Real Estate which stands at a book value of Rs.3.573 billion as at 31.12.2022 whereas it fair value is around Rs.109.85 billion in the same period.
- The Paid up Capital increased from Rs.10 million in 1972 to Rs.6.2 billion in 2022.
- The Premium income increased from Rs.0.317 billion in 1972 to 243.211 billion in 2022. Similarly, Investment income including rental income increased from Rs.0.81 billion in 1972 to 140.059 billion in 2022.
- Total statutory fund of State Life stands at Rs.1,430.742 billion in 2022 as against Rs.1.494 billion in 1972.
- State Life is smoothly striving towards its objective of making life insurance available to large section of the society by extending it to common man. As at December, 2022 the total number of policies enforce under individual life were 5.86 million, number of lives covered under group life insurance were 4.78 million and number of lives covered under health insurance were 162.74 million.
Objectives, Vision, Mission & Quality Policy
Objectives
- To run life insurance business on sound line.
- To provide more efficient service to the policyholders.
- To maximize the return to the policyholders by economizing on expenses and increasing the yield on investment.
- To make life insurance a more effective means of mobilizing national savings.
- To widen the area of operation of life insurance and making it available to as large a section of the population as possible, extending it from the comparatively more affluent sections of society to the common man in towns and villages.
- To use the policyholders fund in the wider interest of the community.
Vision
To empower lives by providing security and protection through insurance and financial solutions developed for the best advantage of the community leading to a resilient and prosperous Pakistan.
Mission
To foster the insurance ecosystem in Pakistan by creating awareness and providing innovative life and health solutions and be a trusted partner by empowering securing and protecting every individual's life.
Quality Policy
To ensure satisfaction of our valued policyholders in processing new business, providing after sales service and optimizing return on Life Fund through a quality culture and to maintain ourselves leading life insurer in Pakistan.
Management
Management
Chief Executive Officer (C.E.O) |
Telephone | ||
Mr. Shoaib Javed Hussain |
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Executive Directors |
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Dr. Aftab Imam | 021-99206872 | ||
Mr. Shahid Iqbal Baloch | 021-99202828 | ||
- | 021-99206790 | ||
Mr. Abdul Shakoor Shaikh | 021-99202829 | ||
Mr. Muhammad Izqar Khan (Working as Executive Director) | 021-99202836 |
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Secretary Board |
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Mr. Mushtaq Ahmed | 021-99202818 | This email address is being protected from spambots. You need JavaScript enabled to view it. | |
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Mr. Muhammad Izqar Khan Chief Risk & Compliance Officer |
021-99204591 |
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Mr. Muhammad Rashid Chief Financial Offier |
021-99202863 |
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Dr. Javed Ashraf Chief Technology Officer |
021-99204590 |
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Mr. Imran Sardar Chief Human Resource Officer |
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Syed Shahnawaz Nadir Shah Chief Investment Officer |
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Mr. Imran ul Haq Usmani Chief Engineer (RE) |
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Mr. Tariq Saeed Chaudhry Head Of Takaful |
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Divisional Heads |
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Mr. Nisar A. Shah HR & Admin |
021-99204591 |
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Mr. Khalid Mehmood Shahid Marketing |
021-99202851 | This email address is being protected from spambots. You need JavaScript enabled to view it. | |
Mr. Faisal Mumtaz Actuarial |
021-99204571 | This email address is being protected from spambots. You need JavaScript enabled to view it. |
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Mr. M. Sohaib Usmani Internal Audit |
021-99202871 | This email address is being protected from spambots. You need JavaScript enabled to view it. | |
Mr. Attaullah A. Rasheed Real Estate |
021-99204520 |
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Dr. Javed Ashraf Chief Technology Officer |
021-99204590 | This email address is being protected from spambots. You need JavaScript enabled to view it. | |
Mr. Zulfiqar A. Gillani Bancassurance |
021-99204115 | This email address is being protected from spambots. You need JavaScript enabled to view it. | |
Dr. Abdul Salam Policy Holder Services |
021-99202838 | This email address is being protected from spambots. You need JavaScript enabled to view it. | |
Mr. Tariq Saeed Chaudhy Chief Takaful Officer |
021-99217287 | This email address is being protected from spambots. You need JavaScript enabled to view it. | |
- Takaful |
021-99204931 | This email address is being protected from spambots. You need JavaScript enabled to view it. | |
Mr. Mushtaq Ahmed Board Secretariat |
021-99202818 | This email address is being protected from spambots. You need JavaScript enabled to view it. | |
Mr. Muhammad Ashar Health & Accidental Insurance |
051-9216741 021-99204941 |
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Dr. Mushtaque Ahmed Memon Group & Pension |
021-99202890 |
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Dr. Arshad Hameed Iraqi Compliance Division, Focal Person For Information Act-2017 |
021-99202834 |
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Mr. Mushtaq Ahmed Risk Management |
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- Investment |
021-99202833 |
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Mr. Muhammad Amjad Finance & Accounts |
021-99204575 |
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Mr. Faisal Tahzeeb Human Resource Development |
021-99202857 | This email address is being protected from spambots. You need JavaScript enabled to view it. | |
Mr.Mahmood Alam Legal Affairs |
021-99202883 | This email address is being protected from spambots. You need JavaScript enabled to view it. | |
Ms. Maha Haider Corporate Affairs |
021-99202819 | This email address is being protected from spambots. You need JavaScript enabled to view it. | |
Mr. Mahmood Ahmad Underwriting |
- | This email address is being protected from spambots. You need JavaScript enabled to view it. | |
Mr. Muhammad Tajamul Central Procurement |
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Departmental Heads |
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Field Manpower development |
021-99202823 |
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Dr. Mukkaram Ali Khan Chief Medical Officer Medical |
021-99202821 |
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Mr. Imran Hussain General Services |
021-99204521 | This email address is being protected from spambots. You need JavaScript enabled to view it. |
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Regional Chiefs |
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Mr. M. Akbar Mughal Central Region Lahore |
042-99205121-22 |
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Mian Rizwan Majeed North Region Islamabad |
051-9204935 051-9205047 |
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Chaudhry Sarfaraz Ahmed KPK Region |
091-9210918-19 |
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Chaudhry Inamullah Faisalabad Region Faisalabad |
091-9201482 | This email address is being protected from spambots. You need JavaScript enabled to view it. | |
Mr. Muhammad Ramzan Shahid Multan Region Multan |
061-9200670 061-9200770 |
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Mr. Abdul Hussain Kapri Southern Region Karachi |
021-99217035-36 |
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Mr. Siddique Akbar Hyderabad Region |
022-9200352 022-9201482 |
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Zonal Heads (Individual Life) |
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Hyderabad Region |
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Mr. Asghar Ali Khushk Hyderabad |
022-9200622 |
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Mr. Gulzar Ahmed Sukkur |
071-9310501 |
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Mr. Munawar Ali Kalhoro MirPur Khas |
0233-9290295 |
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Syed Noor Shah Bukhari |
074-9410801 |
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Syed Anis Ahmed Shah Benazirabad (Nawabshah) |
0244-9370571 0244-9370572 |
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Southern Region |
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Mr. Ali Bhutto Karachi (Southern) |
021-99217023-24 021-99217026 |
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Mr. Jawaid Akhtar Karachi Central Zone |
021-99205123 021-99205122 |
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Mr. Abdul Nabi Lashari Quetta |
081-9201520 081-9201530 |
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Mr. Muhammad Iqbal Channa Karachi (Eastern) |
021-34537257 021-34537260 021-34538095 |
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Multan Region |
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Mr. Farrukh Mehmood Multan |
061-9200676 |
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Mr. Saeed Ahmed Khan Rahim Yar Khan |
068-9230027 |
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Mr. M. Shahid Mahmood Bahawalpur |
062-9255171 |
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Mr. Mehboob Alam Dera Ghazi Khan |
064-9260048 |
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Mr. Munir Ahmed Naz Sahiwal |
040-9200022 | This email address is being protected from spambots. You need JavaScript enabled to view it. | |
Mr. M. Ramzan Bhatti Vehari |
067-9201131 |
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Central Region |
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Mr. Tariq Mehmood Cheema Gujranwala |
055-9200282 055-9200285 |
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Ms. Fahmida Ashraf Lahore (Western) |
042-99211642 042-99211711 |
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Mr. Tariq Mehmood Sialkot |
052-9250101 052-9250111 |
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Mr. Munir Baig Lahore (Central) |
042-99210269-70 |
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Mr. Ashar Ali Bhatti Narowal |
0542-411901-02 | This email address is being protected from spambots. You need JavaScript enabled to view it. | |
Mr. Mehmood A. Sheikh Sheikhupura |
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Faisalabad Region |
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Mr. Mehmood ul Hassan Faisalabad |
041-9200390 041-9200636 |
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Mr. Muhammad Sarwar Sargodha |
048-9330126-7 |
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Rana Muhammad Younus Jhang |
047-9200390 |
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Northern Region |
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Syed Asad Ali Shah Rawalpindi |
051-9272188 051-9271351 |
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Raja Zafar Iqbal Gujrat |
053-9260242 053-9260252 |
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Mr. Noor Muhammad Javed Islamabad |
051-9205329 051-9206162 |
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Mr. Sajid Iqbal Mirpur (Azad Kashmir) |
05827-927455 05827-927465 |
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Syed Ilyas Ali Shah Jhelum |
0544-274094 | This email address is being protected from spambots. You need JavaScript enabled to view it. | |
Mr. Sakhi Madad Gilgit |
05811-922621 | This email address is being protected from spambots. You need JavaScript enabled to view it. | |
KPK Region |
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Mr. Muhammad Jan Peshawar |
091-9212312 091-9212314 |
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Mr. Muhammad Khalid Abbottabad |
0992-9310384 |
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Mr. Muzaffar Khan Swat |
0946-710046 |
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Mr. Javed Irfan Kohat |
0992-933600 | This email address is being protected from spambots. You need JavaScript enabled to view it. |
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Zonal Chief (Gulf) |
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Mr. Anjum Rashid Gulf (Dubai) |
971-4-2729061 971-4-2729071 |
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Zonal Heads (Group & Pension) |
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Mr. Aijaz Hussain Soomro Karachi |
021-99217060 021-99217097 |
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Dr. Sajjad Hussain Zaidi Lahore |
042-99200355 042-99200358 |
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Mr. Jehan Badshah Khatak Rawalpindi |
051-9272598 |
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Mr. Muhammad Khalil Peshawar |
091-9211596 |
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Real Estate Offices |
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- Karachi |
021-99204520 | ||
Dr. Sajjad Zaidi Lahore |
042-99200396 |
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Mr. Taimoor Hassan Gondal Islamabad |
051-9203347 |
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Mr. Amir Ali Jan Arbab Peshawar |
091-5262271 |
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