Slic Chairman Shahid Aziz Siddiqui said that the company extended financial protection to 651,460 new families during the year, an increase of 24 per cent. Siddiqui pointed out that during the year the company disbursed Rs14.57 billion as bonus to its policyholders.
He said that the company is considering launching new life insurance plans so people can invest their small savings in the policies.
He also pointed to the company’s improving business in the Gulf region, which showed a 16.1 per cent growth in 2010.
Published in The Express Tribune, February 2nd, 2011.
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