Thursday 4 February 2016

Career Of State Life Insurance Corporation

Career

State Life also offers the career to those who want to accept challenges in their lives. Every person who have national Identity card and have minimum qualification of Metric can apply to become Sales Representative. Selection is based on the personal interview, where he/she have determine for positive thinking, honesty, hardworking, talkative and presentable personality. If any body selects he/she should take basic training course held by the corporation and starts working. The new representative will be guided by his officers for easy ways to procure business. This job is purely on commission base but in some special cases the agency office may offer salary and other facilities.

The average Sales Representative earns about Rupees 25000 to 30000 per month. 

After completing 2 years and achievement of required targets the Sales Representative promotes as Sales Officer and again after the same period and completing the required targets he/she becomes Sales Manager. The facilities like Group Insurance, Medical, Renewal Income, Bonus es, Awards , Cash Contest, Tours, Seating and Allied Facilities and Office Furniture is provided by the Corporation. 

If you want to join us, kindly send your details to 

areamanager@statelifemarketing.com or contact us

Why State Life Area Office 036

Why Us

Expertise 

Our Team is in life insurance Sales Business since 1985. This 30 years’ experience made us more 
professional and informative about the product and the services which our clients expects form us. 
Our specialty is to provide corporate solutions for their employees in respect of their retirement benefits. Our 95% + policy holders belongs from corporate sector and the others are from general market.

1. We have the highest number of Policy Holders amongst all Area Offices in Pakistan. 

2. Retirement Plan known as Life Insurance through provident fund and the Salary Saving Plan is our main area of working. 

3. Group Insurance and General insurance is the necessity of corporate sector in now days, we provide the best solution of the market. ( General Insurance from Alpha    Insurance the subsidiary of State Life Insurance Corp. of Pakistan ) 
Satisfaction is Guaranteed 

Exclusive Services to the Policy Holder 

1. As our policy holder you will have access to your policy details all the times. You can change / Ammend / or ask for any service required in policy any time by    accessing our website. 

2. You can check your policy Status any time from our website. 

3. Policy renewal notice will be sent to you by email and official SMS to keep you inform about your policy. 

4. You don’t need to find life insurance agent for any thing you need. Phone, SMS, Email, Website feed back is ready for your service all the time. 

5. State Life offers many opportunities for policy holders time to time we try to inform our policy holders by using periodical SMS, Emails and Phones calls. You will not    miss any offer. 


About Area Office 036

About Area Office


This website represents an Area Office Karachi South Zone headed by Mr. Mirza Muhammad Baber the Senior Area Manager of Karachi South Zone of State Life Insurance Corporation of Pakistan. Due to the largest number of the policy holders of our Area Office i.e 20,000 + from many different organizations of Pakistan we need to have the IT base solution for their connectivity and make ease to provide them the services they deserve.Making of this website in 2010 was officially permitted by our Ex. Director Marketing & Policy Holder Services Syed Arshad Ali. He appreciated our vision of modern needs of life insurance service sector and its solutions. He instructed us to take every possible action to provide best possible service to the policy holders of our area office. Since 2010 we are in touch with our policy holders specially for providing them updated online policy status report 24/7 from our website. We hope that this website will be a positive effort for our Area Officeto keep in touch with our policy holders and the future prospects for rendering SLIC services for them. 

About State Life Insurance Corporation Pakistan

Brief History

The Life Insurance Business in Pakistan was nationalized during March 1972. Initially Life Insurance business of 32 Insurance Companies was merged and placed under three Beema Units named “A”, “B” and “C” Beema Units. However, later these Beema Units were merged and effective November 1, 1972 the Management of the Life Insurance Business was consolidated and entrusted to the State Life Insurance Corporation of Pakistan.

State Life Insurance Corporation of Pakistan is headed by a Chairman and assisted by the Executive Directors appointed by Federal Government. Up to July 2000 the Corporation was run by Board of Directors constituted under Life Insurance (Nationalization) Order 1972. In July 2000, under Insurance Ordinance 2000, the Federal Government reconstituted the Board of Directors of State Life which runs the affair of this Corporation.

The basic structure of the Corporation consists of Six Regional Offices, Thirty Two Zonal Offices, a few Sub-Zonal Offices, 180 Sector Offices, and a network of 1073 Area Offices across the country for Individual Life Insurance; Four Zonal Offices and 6 Sector Offices with 21 Sector Heads for Group & Pension are involved in the Marketing of Life Insurance Plans policies and products offered by State Life and a Principal Office. The Zonal Offices deal exclusively with Sales and Marketing. Underwriting of Life Insurance Policies and the Policyholder's Services. Regional Offices, each headed by a Regional Chief, supervise business activities of the Zones functioning under them. The Principal Office, based at Karachi, is responsible for corporate activities such as investment, real estate, actuarial, overseas operations, etc.


Major Achievements

The major function of the State Life Insurance Corporation of Pakistan is to carry out Life Insurance Business; however, it is also involved in the other related business activities such as investment of policyholders fund in Government securities, Stock market, Real Estate etc. The major achievements of State Life are as under:

On the commencement of the operations, the Corporation took a very important step by effecting reduction up to 33% in the premiums on the past and potential Life Policies for the benefit of the Policyholders. 

On the commencement of the operations, the Corporation took a very important step by effecting reduction up to 33% in the premiums on the past and potential Life Policies for the benefit of the Policyholders. 

State Life is profitable organization and it paid Rs.5.860 billion as dividend to the Government of Pakistan since its inception in 1972. 

State Life has played very vital role in the economy by providing employment to the people of the country as permanent employees and as part of its marketing force and by investing the huge funds in different sectors of the economy. The Investment Portfolio of State Life as at 31.12.2014 stands at Rs.445.074 billions. 

Investment portfolio also includes investment in Real Estate which stands at a book value of Rs.2.955 billion as at 31.12.2014 whereas it fair value is around Rs.26.562 billion in the same period. 

The Paid up Capital increased from Rs.10 million in 1972 to Rs.3,000 million in 2014. 

The Premium income increased from Rs.0.317 billion in 1972 to 76.342 billion in 2014. Similarly Investment income including rental income increased from Rs.0.81 billion in 1972 to 50.715 billion in 2014. 

Total statutory fund of State Life stands at Rs.450.025 billion in 2014 as against Rs.1.494 billion in 1972. 

State Life is smoothly striving towards its objective of making life insurance available to large section of the society by extending it to common man. As at December, 2014 the total number of policies enforce under individual life were 4.997 million and number of lives covered under group life insurance were 8.732 million.


Objectives

To run life insurance business on sound line. 

To run life insurance business on sound line. 

To provide more efficient service to the policyholders. 

To maximize the return to the policyholders by economizing on expenses and increasing the yield on investment 

To make life insurance a more effective means of mobilizing national savings. 

To widen the area of operation of life insurance and making it available to as large a section of the population as possible, extending it from the comparatively more affluent sections of society to the common man in towns and villages. 

To use the policyholders’ fund in the wider interest of the community. 


Mission

To remain the leading insurer in the country by extending the benefits of insurance to all sections of society and meeting our commitments to our policy holders and the nation.

Quality Policy

To ensure satisfaction of our valued policyholders in processing new business, providing after sales service and optimizing return on Life Fund through a quality culture and to maintain ourselves leading life insurer in Pakistan.