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KARACHI: “State Life Insurance Corporation
of Pakistan is promoting its life assurance policies and plans
in order to generate “savings” and provide financial
protection to millions of its valued policyholders and their
families nationwide. This was stated by Mr. Shahid Aziz Siddiqui,
Chairman State Life while addressing the delegates of State
Life Convention 2008 held here. Mr. Shahid Aziz Siddiqi said
that every year State Life distributes 97.5% of its actuarial
surplus (Bonus) amongst its millions of valued policyholders
and inform that this year State Life has allocated Rs.10.27
billion as “Bonus” on with profit policies of
the valued policyholders. Chairman said that State Life has
also announced “LOYALTY TERMINAL BONUS” which
is allocated for the first time ever in the history of State
Life. Mr. Shahid Aziz Siddiqi, said that concrete steps are
being taken to ensure quality services to the valued policyholders.
The Chairman informed that State Life has paid Rs.6 billion
on account of death and maturity claims that has benefited
58500 policyholders and their families both in individual
and group life during the period Jan-Sept’08. Mr. Shahid
Aziz Siddiqi said that State Life intends to construct parking
plazas in various metropolises nationwide to help solve the
parking problem faced by the general public, the first plaza
feasibility is being considered for the mega city of Karachi.
He said that the upgradation of State Life buildings is being
carried out to provide better services to its national and
multinational tenants. Chairman State Life congratulated the
marketing force who had successfully secured their business
targets and stress the need to ensure quality services to
the valued policyholders and their families. Earlier Ms. Nargis
Ghaloo, Executive Director (Marketing) while presenting the
performance of Marketing Division, informed that State Life
has secured Rs.2.96 billion as first year premium (new business)
by providing financial protection to 2,38,500 new policyholders
and their families uptill the 3rd quarter 2008.—RT |
