KARACHI: State Life Insurance Corporation of Pakistan (SLIC) and NIB Bank have signed a bancassurance distribution agreement, through which the SLIC products would be offered by the bank to existing and potential customers.
The agreement was signed by Gian Chand Kewalramani, General Manager, Bancassurance, SLIC, Jaudat Hussain, Group Head Retail Banking, NIB Bank and Mohammad Naseem Rawther, COO, GBA Services (Pvt) Limited, who, under the terms of the agreement, will provide certain administrative, software and related services to SLIC.
This Alliance between SLIC and NIB Bank provides customers with protection that ensures their financial security. With NIB Bank as its new bancassurance partner, State Life Insurance Corporation looks forward to a significant expansion of its business which will benefit from a wider, strategically located distribution network across the country.
The agreement signing ceremony was attended by Nargis Ghaloo, Chairperson, SLIC, Atif R. Bokhari, President & CEO, NIB Bank, Executive Directors of SLIC, Aijaz Ali Khan, M. Izqar Khan, and NIB Bank representatives Dina Shaban, General Manager South, and Sarah Irfan, Head of Bancassurance among others.
