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Karachi, Pakistan – August 22, 2024: The State Life Insurance Corporation of Pakistan (SLIC) hosted the highly anticipated SLIC Summit 2024, marking the official launch of its state-of-the-art digital services and communication framework. The event, held in Karachi, was inaugurated by the Honourable Federal Minister of Commerce, Mr. Jam Kamal Khan, and was attended by key figures including the Chairman of the Board, Mr. Sulaiman S. Mehdi, and CEO of State Life, Mr. Shoaib Javed Hussain. The summit brought together senior management, esteemed dignitaries, government officials, corporate partners, and industry leaders to celebrate State Life’s pivotal contributions to Pakistan’s insurance sector and its broader economic stability.

Digital Transformation in Pakistan's Insurance Sector
In his keynote address, Mr. Jam Kamal Khan emphasized State Life's leadership in driving innovation within the insurance and health sectors. He highlighted the significance of the newly launched digital services, which aim to enhance accessibility, transparency, and efficiency in insurance services across Pakistan. "State Life's continuous innovation is instrumental to the nation's well-being and the advancement of our markets," stated Mr. Khan.

CEO of State Life, Mr. Shoaib Javed Hussain, echoed these sentiments, stating, "Our digital services represent a significant technological advancement, enabling us to deliver the highest standards of transparency, efficiency, and security. The SLIC Summit 2024 exemplifies our long-standing commitment to progress, innovation, and national development. By integrating digital solutions with our core services, we are solidifying our position as a key pillar in Pakistan's insurance and financial sectors, driving the country toward a brighter future."

Launch of Advanced Digital Platforms
The summit spotlighted the launch of SLIC’s enhanced digital platform, ushering in a new era of convenience and security for policyholders. Key highlights included the unveiling of an improved website and the introduction of three advanced mobile applications:

MySLIC Mobile Application: Designed for policyholders, offering seamless access to insurance services and real-time policy management.
State Life Health Plus: Tailored for corporate health clients, this app streamlines claims management and provides efficient access to essential health services.
SLIC Agent Pro: A comprehensive tool empowering State Life’s sales force to enhance client management and optimize operational performance.
These digital innovations mark a significant step toward a paperless insurance experience, allowing users to manage policies, track premiums, and monitor policy maturity with unprecedented ease. SLIC’s digital infrastructure supports real-time alerts, AI-assisted data analytics, and efficient data management across all regions of Pakistan, ensuring equitable access to services.

State Life's Role in National Social Health Programs
A key focus of the summit was State Life’s involvement in Pakistan’s national social health programs, which have significantly improved healthcare access for millions of citizens. The Social Health Program Panel featured industry leaders and healthcare experts, including Muhammad Arshad, CEO of the Federal Sehat Sahulat Program; Dr. Ali Razzaque, CEO of Punjab Health Initiative Management Company (PHIMC); Dr. Riaz Tanoli, CEO of the Sehat Card Plus Program, KP; and Dr. Asad Kakar, CEO of the Balochistan Health Card Program.

Panelists discussed the critical role State Life plays in administering these health initiatives, emphasizing their profound impact on the lives of ordinary Pakistanis. By managing and facilitating access to health insurance, State Life continues to elevate the quality of life for vulnerable communities across the country.

Contributions to Pakistan's Capital and Financial Markets
The summit also featured a discussion on Pakistan’s capital and financial markets, highlighting State Life’s substantial contributions to economic resilience through strategic investments. The Capital Markets Panel included influential figures such as Fareed Alam, CEO of AKD Securities; Rehmat Ali Hasnie, President of National Bank of Pakistan (NBP); Farrukh Khan, CEO of the Pakistan Stock Exchange (PSX); Shahid Habib, CEO of Arif Habib Limited (AHL); and Shahnawaz Nadir Shah, Head of Investments at State Life.

The panel underscored the critical role institutional players like State Life have in promoting growth, stability, and sustainability within Pakistan's financial landscape.

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