Islamabad, January 19, 2026 — In a major step towards strengthening Pakistan’s financial protection framework and advancing inclusive risk coverage, the State Life Insurance Corporation of Pakistan (SLIC), the country’s largest life and health insurer, and Zarai Taraqiati Bank Limited (ZTBL) have entered into a strategic partnership to provide life insurance coverage to eligible agricultural borrowers of ZTBL. The initiative enhances financial security for farmers by linking loan facilities with essential insurance coverage and is designed to strengthen borrower protection while supporting stability within the formal credit system.
The agreement was signed by Mr. Shoaib Javed Hussain, CEO of SLIC and Mr. Tahir Yaqoob Bhatti, President/CEO of ZTBL and was witnessed by Mr. Abdul Shakoor Sheikh, Executive Director of SLIC, along with other senior officials from both organizations. The partnership integrates a structured microinsurance agreement with ZTBL’s Zarkhez-e-Asan Digital Zarai Qarza Scheme, linking insurance coverage directly to loan obligations and providing protection against unforeseen events.
Mr. Shoaib Javed Hussain, CEO of SLIC stated; “This agreement ensures that eligible ZTBL agri-borrowers are supported with life insurance coverage linked to their loan obligations, so that in the event of an untimely loss of life, families are not left to bear an additional financial burden. By settling the outstanding liability through insurance, the arrangement provides continuity for the banking system while offering meaningful protection to households. This integration of insurance with credit reflects State Life’s responsibility as a national institution to advance financial protection and strengthen confidence in the formal financial system.”
At the occasion, Mr. Tahir Yaqoob Bhatti, President/CEO of ZTBL remarked; “The insurance coverage will be applicable across all ZTBL branches nationwide, including conventional and Islamic banking operations, and will remain valid for one year from the date of loan disbursement, with coverage commencing upon transfer of the applicable premium. The initiative represents a practical and scalable approach to borrower protection, aligned with national priorities related to financial inclusion, social protection, and systemic financial stability.”
