State Life, JS Bank join hands to expand access to insurance

KARACHI: State Life Insurance Corporation of Pakistan (SLIC) has entered into a strategic partnership with JS Bank to offer a range of insurance products under its bancassurance model, a statement said on Thursday.

The move brings together the scale of Pakistan’s public institutions with the agility of its private banking sector, enabling wider access to insurance solutions for individuals and families through JS Bank’s branch network. Through this collaboration, the bank’s customers will gain access to SLIC’s insurance offerings directly through the bank’s network, enabling them to plan and protect their futures with greater convenience.

Speaking at the signing ceremony, Shahid Iqbal Baloch, executive director at SLIC, said, “This partnership unites two of Pakistan’s leading institutions with a shared commitment to financial inclusion and protection across all segments of society while advancing Pakistan’s economic resilience.”

Sharing his thoughts at the signing ceremony, Atif Malik, chief operating Officer at JS Bank, said, “At JS Bank, we view financial protection as an essential part of overall financial wellbeing. Our collaboration with State Life enables us to extend this philosophy by making insurance more accessible to the communities we serve.”