Karachi, 15th May 2025 – State Life Insurance Corporation of Pakistan (SLIC), the nation’s largest and most trusted life and health insurer, has entered into a strategic partnership with JS Bank, one of the fastest growing banks in Pakistan, to offer a range of insurance products under its bancassurance model.
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, JS Bank 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 held at JS Bank’s Head Office in Karachi, Mr. Shahid Iqbal Baloch, Executive Director at SLIC, stated, “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.”
State Life leverages its legacy and market expertise to bring valuable strength to this partnership.
By partnering with JS Bank, it actively expands its customer reach through a modern banking platform. Together, both institutions demonstrate a firm commitment to delivering integrated financial solutions that combine banking, savings, and protection—advancing financial inclusion and security.
About State Life Insurance Corporation of Pakistan:
State Life Insurance Corporation of Pakistan, established in 1972, stands as a pillar of reliability and excellence in the insurance industry, working towards the best advantage of our communities. For more information visit statelife.com.pk.
About JS Bank:
JS Bank is amongst the fastest-growing Banks in Pakistan, with both a domestic and an international presence. The Bank is a leader in the SME space and has a substantial footprint in Digital Banking and Consumer Loans. JS Bank has been recognized on multiple international and national forums, including the prestigious AsiaMoney, Asian Banking, Finance, DIGI, and Pakistan Banking Awards. JS Bank is part of JS Group, one of Pakistan’s most diversified and progressive financial services groups. For more information, please visit http://www.jsbl.com.
