State Life moves to ensure transparency

State life has served its policy holders since the past 42 years with the best returns

KARACHI: State Life Insurance Corporation is the premier life and health insurance company of the country, which has served its policy holders since the past 42 years with the best returns in shape of bonuses and maturity benefits, with an array of products serving all segments of the society. Due to the policy of the federal government to pass on maximum benefit to the policy holders, the rates of benefits passed on to the policy holders, since past several years, have been better than any other insurance company in the country. However, there have been some instances of leakages which were causing losses to the State Life Corporation, which were noticed by the current management and the board of directors. In order to serve the interests of the policy holders, the corporation and its genuine employees, the board decided to promote all the sales officers to the post of sales manager and increase the commission of sales manager from 8% to 10%. Hence while none of the sales staff will face any loss of job, thousands now stand promoted and will be getting even higher incomes through better commission rates.

Published in The Express Tribune, February 7^th, 2019.

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