JS Bank, State Life drive digitalisation by offering smooth premium payment solutions

KARACHI: JS Bank has joined hands with State Life Insurance Corporation (SLIC) to modernise premium payment processes through digitalisation, a statement said on Thursday.

Leveraging KuickPay’s innovative technology, this collaboration provides policyholders with a seamless, secure and accessible payment experience.Through this initiative, customers can pay their insurance premiums using digital options, including mobile apps, internet banking and digital wallets. For in-person transactions, SLIC customers can utilise over-the-counter (OTC) payment facilities at selected courier service centres, JS Zindigi agents, and other partner outlets. This comprehensive network caters to both banked and unbanked customers, promoting financial inclusion.

The partnership also facilitates policyholders living abroad, enabling them to pay premiums conveniently from international bank accounts. Payments can be made via digital channels and selected branch counters of JS Bank, BankIslami, and other financial institutions, offering extensive accessibility for all customers.

Sharing his thoughts at the digital launch ceremony, Basir Shamsie, president and CEO of JS Bank, said “At JS Bank, our mission is to make financial services simple, inclusive and accessible for everyone. By partnering with State Life Insurance and leveraging KuickPay’s technology, we are bridging financial gaps and ensuring that customers can manage their insurance commitments seamlessly, anywhere in the world.”

Shoaib Javed Hussain, CEO of SLIC, said, “SLIC is at the forefront of digital adoption and innovation. The key purpose is enhanced transparency, facilitation, and empowerment of our policyholders. By enhancing SLIC’s collaboration with JS Bank and leveraging the services of Kuickpay, SLIC is ensuring the development of an inclusive financial protection ecosystem with the purpose of serving every Pakistani.”