Under the leadership of CEO Shoaib Javed Hussain, the corporation has undergone a remarkable transformation, marked by innovation and significant growth, strengthening its position as a financial powerhouse. In just four years, SLIC has grown its market share significantly, recording an extraordinary +300% increase in profit, a +181% surge in revenue growth, and a +100% increase in profit allocated to policyholders. This performance reflects strategic decision-making, an accelerated focus on digital transformation, and the introduction of innovative products—changes that have redefined how life and health insurance services are delivered in Pakistan.
“Insurance is a tool of empowerment,” said Shoaib Javed Hussain, CEO of SLIC. “State Life has more than five decades of experience and the trust of millions, State Life has been a cornerstone of financial protection for Pakistanis, from urban centers to the most remote and underserved regions. State Life’s contributions extends beyond life insurance—through social health administration and long-term investments in Pakistan’s capital markets, we actively contribute to economic development and financial inclusion in the country.”
SLIC has placed innovation at the center of its growth strategy. The corporation has modernized its operations to provide faster, more efficient, and customer-centric services. Its state-of-the-art data center at State Life Tower, Islamabad, supports real-time information sharing, secure data management, and integrated services, enabling 24/7 facilitation for health policyholders. The center also houses one of Pakistan’s largest electronic medical repositories, improving claims management and operational transparency.
The corporation’s digital transformation has introduced e-underwriting, online premium payments, and e-claims management. A strengthened digital platform, redesigned website, and customer-centric mobile applications—including MySLIC, State Life Health Plus, and SLIC Agent Pro—are paving the way for a paperless insurance system. For beneficiaries covered by the social health insurance programs, SLIC has developed the Sehat Sahulat mobile application to provide real-time information for the general public about the nearest panel hospital, availability of particular services/diseases, account balances, online grievance filing and so on. These initiatives are paving the way for a paperless insurance system, ensuring equitable access to services across the country.
SLIC has also expanded its product portfolio to meet the diverse needs of policyholders. Its conventional and Shariah-compliant Takaful plans include high-yielding savings and investment products such as Platinum Plus and Golden Endowment, alongside retirement annuity and pension plans designed to secure financial stability in later years. The corporation offers Pakistan’s first women-focused cancer protection plan, Sinf-e-Ahan, as well as targeted solutions for farmers, freelance workers, SMEs, and families, demonstrating its commitment to financial inclusion. Strategic partnerships with leading financial and non-financial institutions have strengthened market penetration and reflect a sustainable growth strategy.
SLIC has strengthened its market position over the past four years through strategy designed to support sustainable growth and financial inclusion. Collaborations with leading financial and non-financial institutions have broadened distribution networks, improved service delivery, and enhanced operational efficiency. Its expansion in corporate group and bancassurance partnerships have significantly increased protection accessibility by leveraging banking channels, while alliances with digital payment platforms have simplified premium collection and improved customer transaction experiences. Its administration of social health programs in Balochistan, Punjab, and Khyber Pakhtunkhwa, as well as its significant role as an institutional investor in Pakistan’s capital markets, underlines SLIC’s contribution to economic stability and national development. The corporation also fulfills its corporate social responsibility through community engagement as well as health, and education initiatives, aligning with its broader mission of working towards the best advantage of the communities it serves.
With its trusted legacy, financial strength, and forward-looking growth strategy, SLIC remains committed to ensuring that every Pakistani can face life’s uncertainties with confidence and financial independence. If you have not yet secured insurance, now is the time to take a step towards an empowered future for yourself and your family. Visit StateLife.com.pk or contact your nearest State Life office today and choose a policy that brings peace of mind, protection, and financial independence to your life.
