The State Life Insurance Corporation (SLIC) has decided to introduce a lifetime pension product for all retired government employees. The corporation will also offer its policyholders the largest bonus in its history this year.
Additionally, SLIC is collaborating with the Sindh government to improve primary healthcare in the province, with a working group already established for this purpose.
This was shared by SLIC CEO Shoaib Javed Hussain during an exclusive interview with Express News on Thursday. Dr Aftab Imam, Executive Director of State Life Insurance, was also present at the meeting.
Hussain stated that the draft of the proposed pension scheme would be ready within a month, after which it would be sent to the federal government for approval. He further explained that the scheme would be accessible to individuals aged 70 and above, allowing retired employees to benefit from it.
In this regard, the corporation has also acquired the VPS licence from the Securities and Exchange Commission of Pakistan (SECP). The pension scheme is expected to be launched later this year.
On another front, SLIC is working with the Sindh government to enhance primary healthcare in the province. A working group, led by Sindh Chief Minister Syed Murad Ali Shah, has been formed to oversee the implementation of healthcare projects in Sindh.
Responding to a query, Hussain highlighted the remarkable growth in the corporation’s group insurance segment, attributing its success to competitive pricing and superior services. Similarly, the growth of Takaful products has been highly encouraging.
Regarding the Health Card Scheme introduced for media workers, Hussain revealed that journalists in Khyber-Pakhtunkhwa and Punjab have been utilising the health cards extensively.
However, the use of health cards in Karachi by journalists remains limited. In response, the SLIC, in collaboration with the Karachi Press Club, will launch a dedicated awareness campaign to inform journalists about the benefits of the health card scheme.
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