State Life Insurance Company Of Pakistan
The Life Insurance Business in Pakistan was nationalized in March 1972. Prior to 1972, 32 Life Insurance companies were involved in the life insurance business. These companies were later merged and placed under three Beema Units named “Aâ€, “B†and “C†Beema Units. Later, these Beema Units were merged on November 1, 1972 and State Life Insurance Corporation of Pakistan came into existence.
The major function of State Life Insurance Corporation of Pakistan is to carry out Life Insurance Business; however, it is also involved in the other business activities such as investment of policyholders’ fund in Government securities, Stock market, Real Estate etc.