State Life
The State Life Insurance Corporation of Pakistan, commonly known as State Life or SLIC, (Urdu: ہیَیت دولتِ پاکستان برائے پالیسی کاریِ زندگی) is the largest life insurance company of Pakistan, and is one of the largest companies in Pakistan by assets. It maintains an agency network of around 200,000 sales personnel. Although the major function of SLIC is to carry out life insurance business, it is also involved in other business activities such as investment of policyholders’ fund in government securities, stock market and real estate.
| Company type | Government organization |
|---|---|
| Industry | Life insurance |
| Founded | November 1972 |
| Headquarters | Karachi, Pakistan |
Key people | Shoaib Javed Hussain (Chairman) |
| Products |
|
| Revenue | Rs. 208.374 billion (US$720 million) - 2019 |
| Rs. 1.27 billion (US$4.4 million) - 2017 | |
| Total assets | Rs. 1.058 trillion (US$3.7 billion) - 2019 |
| Owner | Government of Pakistan |
| Website | digital |
The State Life is headed by a chairman, currently Shoaib Javed Hussain. The chairman is assisted by four directors. The chairman and directors of State Life are all appointed by the Government of Pakistan. The Principal Office of State Life is situated in Karachi, Pakistan.