State Life Insurance Corporation launches digital portal – The Nation
KARACHI PR – State Life has celebrated a remarkable milestone: its 50th years launch event. From beginning, concepts of community, innovation, and service to nation have been the driving forces behind success of State Life.
State Life Insurance Corporation of Pakistan, the country’s largest life & health insurer, has launched its digital portal.
On the occasion, Abdul Razzak Dawood – Adviser for Commerce, Muhammad Sualeh Ahmad Faruqui, Federal Secretary Commerce, Shoaib Javed Hussain, Chairman State Life, inaugurated ‘SLIC Digital Portal & Mobile App’ www.digital.statelife.com.pk as part of its effort to enhance its digital footprint.
Customers can use SLIC Digital to buy policies online, pay the premium and avail of other services. Getting an ‘Insurance Policy or Health coverage’ has never been easier, now with State Life’s online portal, customers will get ‘Digital Insurance products & Health coverage’ from the comfort of your home. Through this digital channel, State Life intends to expand beyond the traditional way of doing business with ease and hassle-free online payment process in this digital age.
State Life plans to undertake the next wave of digital transformation to unlock several benefits of accelerating growth, driving customer satisfaction and improving intermediary productivity and loyalty.
In Pakistan, digital insurance is being adopted at an impressive pace; the country is embracing Insurtech, which is the use of technology in insurance transactions and processes. This entails creating awareness, solving issues, and risk management. The major products used are smart devices and sensors.
The founding principle for State Life Insurance Corporation of Pakistan has been to “secure that life insurance business is developed to the best advantage of the community.” Since its inception in 1972; State Life has been successfully meeting its vision; leading Pakistan’s insurance industry, enhancing social and financial protection of Pakistanis from Karachi to Khyber and Gwadar to Gilgit.
Over its 50 year journey, State Life has focused on servicing its esteemed customers with more than 11,000 locations across Pakistan and is the sole insurance company to allocate 97.5% of its profits to its policyholders.
During 2021, despite COVID challenges, State Life has continued its mission to serve its community and policyholders by declaring record setting bonuses with expected bonus allocation of more than Rs 80b in 2021; and a historic payout ratio with more than Rs 100b expected claim payments in 2021.
