A Review of State life insurance company

dear friends
state life ek best company hai insurance ke hisab se or main ese kafi time se janta hon or yeah world famous insurance company hai or yeah kafi time se working kr rahi hai or sab se bari bat hai ke yeah trusted hai maine apni policy es main ki hoi hai or muje 15 sal se zida ka time hu chuka hai es company main , maine 20 sal ke insurance ke howi hai or just 5 sal rahe ge hain yeah payment time per pay krte hain or bande ko zida zalil nh krte hain jese ke aj kal main bht zida company zalil kr rahi hai yeah bht hi best company hai or en ka profit bhe bht he zida acha hai 2nd company ke hisab se

The first benefit that can be felt from Life Insurance is as savings to anticipate bad things that can happen to you or your family at any time. In addition, having this product can be the best alternative for setting up a pension fund. another benefit is to ensure the continuity of education of your children who are currently studying.

This is because the education they are undergoing still takes a long time and costs a lot of education. Every parent certainly doesn't want their children to quit school. With Life Insurance, children can continue their education and reach their goals. Every job has its own risks. However, if your type of work makes you prone to work accidents, life insurance is a must-have. Especially if you are the main breadwinner whose income is really needed by your family. Types of jobs that require life insurance, for example pilots, sailors, soldiers, contractors, jobs that make you travel a lot outside the city or abroad, and other jobs with a large risk of losing your life.

Before choosing life insurance, first identify the types of products. Generally, life insurance is divided into term life insurance, whole life insurance, endowment insurance, and unit linked life insurance.

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.


The basic structure of the Corporation consists of Seven Regional Offices, Thirty Three Zonal Offices, a few Sub-Zonal Offices, 192 Sector Offices, and a network of 1106 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.

The life insurance business in Pakistan was nationalized in March 1975. Prior to 1972, 36 life insurance companies were involved in the life insurance business.

The State Life Insurance Corporation of Pakistan, commonly known as State Life or SLIC, is the largest life insurance company of Pakistan, under the administrative control of the Ministry of Commerce. It maintains an agency network of around 200,000 sales personnel and is one of the largest companies in Pakistan by assets. Although the major function of SLIC is to carry out life insurance business, it is also involved in other business activities such as investment of policyholders’ fund in government securities, stock market and real estate.The State Life is headed by a Chairman, currently Shoaib Mir Memon.

The main function of insurance is for risk transfer, as a joint fund (The Common Pool), and as a mechanism to make each participant pay equal contributions to funds (Equitable Premiums).

Another function of insurance is to make investments that come from insurance funds (Stimulus to Business Enterprise), prevent loss (Loss Prevention) and reduce losses (Loss Control) based on the recommendations of insurance surveyors, as a social activity fund such as compensation for disabled people, widows, orphans. (Social Benefits), and as payment received by the insured at the end of the contract, which is an accumulated premium plus interest (Savings).

Insurance benefits are different from the insurance function. Insurance benefits are the benefits you will get if you register or have an insurance product. These benefits include:

1. Provides serenity. With its function as a risk transfer (Risk Transfer), insurance provides protection from the risk of uncertainty and loss, both for individuals and companies so as to provide confidence and peace in facing the future.

2. Maintain financial stability. With insurance, companies can maintain the smooth running of the company's finances because potential risks can be overcome. If there is a loss, the insurance company will provide part to all of your payment obligations for an event. Likewise for personal, with coverage, insurance helps so that your financial balance is not disturbed due to unexpected events.

3. As a way of saving or investing. If by chance the funds collected are unused, at the end of the insurance period you will receive your money back.

A Review of State life insurance company

State life insurance company ak pakistani insurance company ha. ya company ak best compani ha jis ma agar ap insurance karway to ap 20 sal ka bad ap apni pament hasal kar saktay ha . is company ma ma na bi insurance kar wa rakhi ha jo ka taqreeban abi 5 sal huya ha is company ma agar ap insurance karway to agar ap 20 year apni pament puri na jama karway to ap na abhi tak jo raqam jama karwai ha wo ap wapas lasaktay ha. maray khyal ma ham sub ko ya karwani chaiya.