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February 11, 2016 1:59 AM ET

Insurance

Company Overview of State Life Insurance Corporation of Pakistan Limited

Company Overview

State Life Insurance Corporation of Pakistan Limited offers life insurance services in Pakistan. It offers individual life plans, such as whole life assurance, endowment assurance, anticipated endowment assurance, shad abad assurance, jeevan sathi assurance, child education and marriage assurance, child protection assurance, optional maturity endowment plans, and supplementary covers, as well as insurance plans for gulf. The company also provides group life and pension plans that include term insurance, provident fund insurance, house building and perquisites insurance, pay continuation, group endowment insurance, and group pension schemes, as well as private education. In addition, it owns ...

Dr. Ziauddin Ahmed Road

State Life Building No. 9

Karachi,  75530

Pakistan

Founded in 1972

Phone:

92 21 920 2800

Fax:

92 21 920 2844

Key Executives for State Life Insurance Corporation of Pakistan Limited

Finance & Accounts Division Head
Divisional Head of Personnel & General Services and Divisional Head of Real Estate
Zonal Head of Karachi - Southern
Division Head of Corporate Affairs and Company Secretary
Departmental Head of Medical
Compensation as of Fiscal Year 2015.

State Life Insurance Corporation of Pakistan Limited Key Developments

Government Appoints Financial Advisers For Selling Stake In State Life

The Privatization Commission Board appointed Habib Bank Limited, Bank Alfalah Limited, Arif Habib Limted and Elixir Securities Pakistan Private Limited as lead manager and book runner for divestment of up to 15% stake in State Life Insurance Corporation of Pakistan Limited. Also, the Privatization Commission Board approved the appointment of a consortium of Elixir Securities and Bridgefactor as financial adviser for the privatization of SME Bank Ltd.

Pakistan Assures IMF Of Stake Sale In PIA And Others In 2016

Pakistan is looking to sell stakes in firms in 2016. The government has assured International Monetary Fund (IMF) of privatization of Pakistan Steel Mills Corporation (PVT) LTD. (PSM), Pakistan International Airlines Corporation (KASE:PIAA) (PIA) and State Life Insurance Corporation of Pakistan Limited (SLIC) in 2016. Pakistan has provided a roadmap of the privatization spree under IMF's Economic Reforms Program. According to the blueprint, PSM would be privatized by September 2016. While by June 2016, at least 26% shares of PIA would also be sold. Meanwhile, the government is planning to sell 10% -15% shares of SLIC, 40% of Kot Addu Power Co. Ltd. (KASE:KAPCO) and 18% of Mari Petroleum Company Limited (KASE:MARI), in 2016. On the other hand, PIA employees have strongly opposed the privatization. Pakistan Unity Union's organizing secretary, Amir Dar had said that they have no option but to protest as the government did not meet its promises.

Pakistan Plans To Sell Stakes In Firms

Islamic Republic of Pakistan plans to sell stakes in Multan Electric Power Co., Ltd., Hyderabad Electric Supply Company Ltd, Pakistan National Shipping Corp. (KASE:PNSC), Lahore Electric Supply Company Limited, Faisalabad Electric Supply Company Limited, Sui Southern Gas Co., Ltd. (KASE:SSGC), Sui Northern Gas Pipelines Ltd. (KASE:SNGP), National Bank of Pakistan (KASE:NBP), State Life Insurance Corporation of Pakistan Limited, Utility Stores Corporation of Pakistan, Port Qasim Authority, Pakistan Railways and others.

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