Signing Ceremony was held between State Life Insurance Corp. (SLIC) and TCS Private Limited. (TCS)
Mr. Shoaib Javed Hussain The Chairman – SLIC signed a landmark understanding with Ms Saira Awan Malik – President – TCS, for Financial Inclusion and Protection Plans Drivers/Riders, will enable State Life policy premium collection & sales of insurance products through its express centers across the country. Senior officials from both organizations were also in attendance on the occasion.
State Life is Pakistan’s largest Life & Health Insurer, which Protects more than 140 Million Pakistanis and only Insurer in Pakistan with AAA rating. From SLIC point of view, this is an important initiative as part of its Chairman’s broader vision of providing every citizen of the country with the benefits of true social and financial protection in the event of certain unforeseen incidents.
In another first, TCS has become the first 3PL company in Pakistan to not only take steps towards improving safety for their front-line workers but also to provide their families with financial security in case of death or disability. Further, TCS has become the first Pakistani company to enable selling of insurance products at its unrivalled network of Express Centers making insurance and financial security more accessible across the country. This is in line with TCS’s vision of providing its platform to businesses and services enabling development and commerce in the Pakistan.
The partnership between State Life and TCS is another step in State Life’s push towards creating an environment of financial and protection inclusivity in the country, serving Pakistanis across all strata society. This is SLIC’s first such association with a logistics provider, in order to further enhance policyholder services available to its valued customers.
Shoaib Javed Hussain, Chairman – State Life Insurance Company of Pakistan said that “We are excited to announce SLIC and TCS partnership to provide protection to the drivers/rider partners through, first of its kind, Financial Inclusion and Protection Plan. This will also enhance policyholder services available to our valued customers. I am certain that this collaboration will build on the synergies of these two national organizations into a deep strategic partnership with the aim of ensuring life and financial protection of hardworking Pakistanis; enabling them to further expand their financial horizons with the confidence that they are being protected by SLIC. SLIC remains firm in its resolve to meet the protection and savings needs of Pakistanis across all strata of society through innovative and value-adding solutions.”
Qasim Awan, Executive Director TCS Pvt. Ltd., said “TCS and SLIC are two national institutions working endlessly to better the lives of the citizens of Pakistan. By leveraging our geographic spread, common interests and diversified product lines we aim to build a win-win situation and benefit each other with a view towards a sustainable and positive impact on our growing ecosystems.”
