State Life vows to plug financial leakages

KARACHI: State Life Insurance Corporation of Pakistan, the premier and only AAA-rated insurance company of the country, has said that it is committed to providing higher benefits to its policyholders and to its genuine and dedicated officers and staff. The board of directors of the corporation has resolved to plug financial leakages and pass on maximum benefits in the shape of better bonuses to the policyholders and enhanced commissions to its field force by showing zero tolerance for malpractices such as dummy agents and fraudulent commissions. To achieve such an objective, the board of directors took a revolutionary step to promote all existing genuine sales’ officers to the higher tier of sales’ managers and enhancing their sales’ commission from 8% to 10%, which will result in savings of around Rs5 billion a year and the same will be distributed to its policyholders in shape of better bonuses.  

Published in The Express Tribune, February 12^th, 2019.

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