Insurance

Life Insurance is a contract between an insurer (Insurance Policy Holder) and assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefits) in exchange for a premium, upon the death of the insured person.

History of SLIC

In 1972 State Life Insurance Corporation of Pakistan came into existence. The major function of State Life Insurance Corporation of Pakistan is to carry out Life Insurance Business.

Principles of Insurance

• Nature of contract• Principle of utmost good faith• Principle of insurable interest• Principle o indemnity• Principle of subrogation• Double insurance• Principle of proximate cause

Objectives

• To run life insurance business on sound line.• To provide more efficient service to

policyholder.• To use the policyholders fund in the wider

interest of the community.

Mission

To remain the leading insurer in the country by extending the benefits of insurance to all sections of society and meeting our commitments to our policy holders and the nation.

Board of DirectorsMs. Nargis Ghaloo Chairperson/Director

Mr. Azher Ali Choudhry Director

Mr. Munawar Hameed Director

Mr. Saeed Chaman Director

Mr. Mohsin Nathani Director

Mr. Saad Amanullah Director

Mr. Shafqat Ahmed Director

Mr. Akbar Ali Hussain Company Secretary