KARACHI (PR) - State Life Insurance Corporation of Pakistan in the year 2012 has paid total amount of Rs 24.36 billion against all claims, thus providing financial protection and savings to thousands of valued policyholders and their families nationwide.

This was stated by Shahid Aziz Siddiqi, Chairman State Life, while talking to the media persons on the occasion of State Life Convention 2013 held at Bhurban Murree. Executive Directors Mukhtar Hussain Soomro, Ms Talat Waseem, Izqar Khan &  M Rashid and senior corporate executives were also present on the occasion. He said that State Life in the year 2012 had secured record total premium and investment income of Rs.89.71 billion up from Rs.75.77; showing an unprecedented increase of 18%, while the total premium has increased from Rs. 45.03 in 2011 to Rs 53.913 in 2012; showing an increase of 20%.

Shahid Aziz Siddiqui said that State Life is a public sector organization which is not a burden on the national exchequer. In fact State Life is playing a pivotal role in providing financial protection to millions of families through life insurance.