Bancassurance: State Life, Bank Alfalah sign agreement

KARACHI: State Life Insurance Corporation of Pakistan (SLIC) and Bank Al-Falah Limited have signed an agreement to sell SLIC’s finest insurance products under the Bancassurance scheme. SLIC is the leading insurance corporation of Pakistan with a market share of 70% and with the largest network of outlets. Bank AlFalah is a progressive banking institution operating in Pakistan since 1992 with majority shareholding of Abu Dhabi Group. The bank has a network presence of 471 branches spanning 163 cities across the country. System and sales support is provided by GBA Services, SLIC’s exclusive Third Party Administrators (TPA) for Bancassurance. GBA Services will provide technical, marketing, staff training and state of the art online POS system for instant coverage to customers.

Published in The Express Tribune, December 6^th, 2013.

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