The life insurance business in Pakistan was nationalized in 1972 and was executed in two stages, first taking over management of 32 companies and then establishing a single corporation called the State Life Insurance Corporation of Pakistan with 3 operating units. Over time, the State Life Insurance Corporation consolidated operations and expanded across Pakistan to become the leading insurer in the country.

3. The life insurance business in Pakistan was nationalized
under a Presidential Order on 19th March 1972. It was
executed in two stages. In the first stage which covered
the period 19th March to 31 October 1972, the
management of 32 life insurance companies were taken
over by the government. Trustees and sub-trustees were
appointed by the Government to takeover different
companies and to co-ordinate and guide their activities.

4. The Government constituted Life Insurance
Management Board (LIMB). The Board’s term included
the task of recommending a permanent set up of life
insurance within the framework of nationalization. The
Board recommended establishing a single corporation
with three units.

5. The second phase of nationalization started by
establishment of Single Corporation called State Life
Insurance Corporation of Pakistan with 3 Units called A,
B, and C operating throughout Pakistan and competing
with one another.
On 1st October 1975, the 3 Units merged and different
Zones were created. Initially there were five Zones with
their Zonal offices at Karachi, Hyderabad, Lahore,
Rawalpindi and Peshawar. The figure has increased to 26
Zones under four different Regions, South, Central, North
and Multan headed by very competent Executives.

6. By the Grace of Allah the Almighty, State Life has made
steady progress in all fields of its operations. The future
is even brighter as the Corporation is making very
positive strategies for not only maintaining its market
leadership but displaying beyond any doubt that it
deserves the matchless corporate image created during
the last decades.

7.  To run life insurance business on sound lines.
 To provide more efficient service to the policyholders.
 To maximize the return to the policyholder by economizing
expenses and increasing the yield on investment.
 To make life insurance a more effective means of mobilizing
national savings.
 To widen the area of operation of life insurance and make it
available to as large a section of the population as possible,
extending it from the comparatively more affluent sections
of society to the common man in towns and villages.
 To use the policyholder’s fund in the wider interest of the
community

8. “To remain the leading insurer in the country by extending
the benefits of life insurance to all sections of society and
meeting our commitments to our policyholders and the
nation.”
To ensure satisfaction of our valued policyholders in
processing new business, providing after sales service and
optimizing return on life fund through a quality culture and to
maintain our position as the leading life insurer in Pakistan.

10. CHAIRMAN
Executive Executive Executive Executive
Director Director Director Director
Divisional Head Divisional Head Divisional Head Divisional Head
Actuarial Marketing Finance & Accounts Group & Pension
Divisional Head Divisional Head Divisional Head
Divisional Head Real Estate
Personal & General Real Estate
Corporate Affairs Operation
Services Inspection
& Evaluation
Divisional Head Divisional Head Divisional Head
Divisional Head
Research and P.H.S Inspection P.H.S Operation
Legal affairs
Analysis & Evaluation
Divisional Head Divisional Head Divisional Head
Information Internal Audit and Bancassurance Cell
Investment
Technology Compliance

12. STATE LIFE BUILDING STATE LIFE BUILDING
NO. #1A, 1B & IC NO. 1& Annex
I.I. Chundrigar Road I.I. Chundrigar Road

13. STATE LIFE BUILDING STATE LIFE BUILDING
NO. 2, 2A & 2B NO. 3
Wallace Road Dr. Ziauddin Ahmed Road

14. STATE LIFE BUILDING STATE LIFE BUILDING
NO. 4 NO. 5B
Shahreh Liaquat Zaibunnissa Street, Saddar

15. STATE LIFE BUILDING STATE LIFE BUILDING
NO. 5 & 5A NO. 9 , Principal Office,
Abdullah Haroon Road Dr. Ziauddin Road

16. STATE LIFE BUILDING STATE LIFE BUILDING
NO. 11 NO. 12
Abdullah Haroon Road Abdullah Haroon Road

17. GUL CENTER STATE LIFE BUILDING
164 Hyderabad Cantt NO. 50 Thandi Sarak
Hyderabad

18. STATE LIFE BUILDING
Mirpurkhas

19. STATE LIFE BUILDING STATE LIFE BUILDING
Quaid-e-Awam Road Minara Road
Larkana Sukkur

20. STATE LIFE BUILDING STATE LIFE BUILDING
Chowk Nawan Shahar NO. 1 ,The Mall
Multan Rawalpindi

21. STATE LIFE BUILDING STATE LIFE BUILDING
Plot NO. 7 - (Phase-1) No. 9, 33-E , Buland Markaz
Blue Area - Islamabad Islamabad

22. STATE LIFE BUILDING
No. 2 Liaquat Road
Faisalabad

23. STATE LIFE BUILDING STATE LIFE BUILDING
NO. 1 The Mall Peshawar 63-p Circular Road
Dera Ismail Khan

24. TOTAL 06
*PROJECTS IN PLANNING

25. BUILDING COMPRISES OF
3 BASEMENTS
+ GROUND FLOOR
+ 18 UPPER FLOORS

26. BUILDING COMPRISES OF
BASEMENTS
+ GROUND FLOOR
+ 5 UPPER FLOORS

27. BUILDING COMPRISES OF
BASEMENTS
+ GROUND FLOOR
+ 4 UPPER FLOORS

28. BUILDING COMPRISES OF
BASEMENTS
+ GROUNDFLOOR
+ 4 UPPER FLOORS

29. S.# City No. of buildings Inherited Purchased Constructed
1. Karachi 22 17 05*
2. Hyderabad 03 01 02
3. Sukkur 01 00 01
4. Larkana 01 00 01
5. Mirpurkhas 01 00 01
6. Multan 01 00 01
7. Faisalabad 02 01 01
8. Lahore 09 07 02
9. Gujrat 01 00 01
10. RawalPindi 04 03 01
11. Islamabad 05 00 05
12. D.I.Khan 01 00 01
13. Peshawar 01 00 01
TOTAL 52 29 23
* One building owned by State Life Subsidiary

30. S.# City No. of buildings Inherited Purchased
1. Karachi 09 07 02
2. Lahore 03 03 00
3. Quetta 0 00 01
4. Resorts and Hut 03 03 00
Total 16 13 03

31. S.# City No. of buildings Inherited Purchased Constructed
1. Karachi 05 01 04*
2. Lahore 03 02 01
3. Islamabad 02 01 01
4. Mirpur ( A.K.) 02 00 02
5. Sahiwal 01 00 01
6. R.Y Khan 01 00 01
7. Sialkot 01 00 01
8. Nawab Shah 01 00 01
9. Gujranwala 01 00 01
10. Sargodha 01 00 01
TOTAL 18 04 14
* One plot owned by State Life Subsidiary

32. S.# City No. of buildings Rentable area ( Sft)
1. Karachi 22 1,442,463
2. Hyderabad 03 136,192
3. Sukkur 01 20,560
4. Larkana 01 30,000
5. Mirpurkhas 01 35,815
6. Multan 01 29,006
7. Faisalabad 02 95,892
8. Lahore 09 333,821
9. Gujrat 01 70,500
10. RawalPindi 04 56,433
11. Islamabad 05 213,234
12. D.I.Khan 01 37,000
13. Peshawar 01 145,423
TOTAL 52 2,646,339 SFT

34. 8000
7196.3
7000
6000
5158.6
5000
3853.5
Scale
4000 3327.2
3000 2805.7
2026.3
2000
846.2 1040.7
1000
48.2 110
0
1973 1980 1990 1995 2000 2005 2006 2007 2008 2009
YEAR
SOURCE: 37th Annual Report 2009

35. 20000
17656.9
18000
16000
13993.5
14000
12053.6
12000
9784.8
Scale
10000 8454.3
8000
6000
3935.1 4537.8
4000 2266.5
2000
218.9 364.5
0
1973 1980 1990 1995 2000 2005 2006 2007 2008 2009
YEAR
SOURCE: 37th Annual Report 2009

36. 4000
3532.2 3490.8
3500
3000 2865.8 2795.7
2547.9
2500
2000
Scale
1500 1177.5 1102
1000 642.4
500 163.5
49.6
0
1973 1980 1990 1995 2000 2005 2006 2007 2008 2009
YEAR
SOURCE: 37th Annual Report 2009

37. 30000 28366.9
25000 22695.3
20000 18716.7
15991.6
Scale
15000 13820.1
10000
7138.9 6680.5
5000 3755.1
316.7 638
0
1973 1980 1990 1995 2000 2005 2006 2007 2008 2009
YEAR
SOURCE: 37th Annual Report 2009

38. 200000 199445.3
177459.1
180000
156737.3
160000
137959.8
140000
122775.2
120000
Scale
100000
80000 68127
60000
39338.7
40000
16320.8
20000
1493.7 3111.3
0
1973 1980 1990 1995 2000 2005 2006 2007 2008 2009
YEAR
SOURCE: 37th Annual Report 2009

39. 16 14.9
14 13.6
12.8 12.6
12 12.1 12.2 12.1
12
10
10
Scale
8
6.6
6
4
2
0
1973 1980 1990 1995 2000 2005 2006 2007 2008 2009
YEAR
SOURCE: 37th Annual Report 2009

40. 2895354
3000000
2568698
2348791
2500000
2183783
2034969 2044015
1878139
2000000
Scale
1500000 1297879
1000000
357413 413231
500000
0
1973 1980 1990 1995 2000 2005 2006 2007 2008 2009
Year
SOURCE: 37th Annual Report 2009

41. (1977 TO 2009)

42. 10
30
40
50
60
70
80
90
100
20
0
33
77-78
35
Annual Reports
79-80
38
81-82
45
83-84
46
85-86
50
87-88
For 1-5 Years
50
89-90
From 6 + Years
67
For 1-5 Years
52
91-92
From 6 + Years
74
For 1-5 Years
52
93-94
From 6 + Years
79
For 1-5 Years
52
95-96
From 6 + Years
84
For 1-5 Years
54
97-98
From 6 + Years
91
For 1-5 Years
56
99-2000
From 6 + Years
98

43. 100
120
140
160
0
20
40
60
80
For 1-5 Years
56
Annual Reports
2001-2003
From 6 + Years
102
For 1-5 Years
56
2004-2005
From 6 + Years
102
For 1-5 Years
56
From 6 -16 Years
2006
102
From 17 Years to Onwards
150
For 1-5 Years
60
From 6 -16 Years
110
2007-2009
From 17 Years to Onwards
150

44. Rs .in Million
10
20
30
40
50
60
70
80
90
0
26
77-78
Annual Reports
28
79-80
33
81-82
38
83-84
39
85-86
42
87-88
For 1-5 Years
42
89-90
From 6 + Years
59
Year
For 1-5 Years
44
91-92 From 6 + Years
66
For 1-5 Years
44
93-94
From 6 + Years
71
For 1-5 Years
44
95-96
From 6 + Years
76
For 1-5 Years
46
97-98
From 6 + Years
83

45. Rs .in Million
100
120
140
0
20
40
60
80
For 1-5 Years
Annual Reports
48
99-2000
From 6 + Years 90
For 1-5 Years
48
2001-2003
From 6 + Years
94
For 1-5 Years
48
2004-2005
From 6 + Years
94
Year
For 1-5 Years
48
From 6 -16 Years
2006
94
From 17 Years to Onwards
130
For 1-5 Years
50
From 6 -16 Years
94
2007-2009
From 17 Years to Onwards
130

46. Rs .in Million
0
10
20
30
40
60
50
18
77-78
Annual Reports
19
79-80
22
81-82
26
83-84
27
85-86
29
87-88
For 1-5 Years
29
89-90
From 6 + Years
46
Year
For 1-5 Years
16
91-92
From 6 + Years
38
For 1-5 Years
16
93-94
From 6 + Years
43
For 1-5 Years
16
95-96
From 6 + Years
48
For 1-5 Years
18
97-98
From 6 + Years
55

47. Rs .in Million
10
20
30
40
50
70
80
90
60
0
For 1-5 Years
20
Annual Reports
99-2000
From 6 + Years 62
For 1-5 Years
20
2001-2003
From 6 + Years
66
For 1-5 Years
20
2004-2005
From 6 + Years
66
Year
For 1-5 Years
20
From 6 -16 Years
2006
66
From 17 Years to Onwards
81
For 1-5 Years
35
From 6 -16 Years
81
2007-2009
From 17 Years to Onwards
81

48. Rs .in Million
0
10
20
30
40
50
60
12
77-78
Annual Reports
12
79-80
12
81-82
12
83-84
13
85-86
14
87-88
For 1-5 Years
14
89-90
From 6 + Years
31
Year
For 1-5 Years
16
91-92
From 6 + Years
38
For 1-5 Years
16
93-94
From 6 + Years
43
For 1-5 Years
16
95-96
From 6 + Years
48
For 1-5 Years
18
97-98
From 6 + Years
55

49. Rs .in Million
10
20
30
40
60
70
50
0
For 1-5 Years
Annual Reports
20
99-2000
From 6 + Years
62
For 1-5 Years
20
2001-2003
From 6 + Years
66
For 1-5 Years
20
2004-2005
From 6 + Years
66
Year
For 1-5 Years
20
From 6 -16 Years
66
2006
From 17 Years to Onwards
For 1-5 Years
20
From 6 -16 Years
66
2007-2009
From 17 Years to Onwards

50. 14 14
14
12
12
10
Rs .in Million
8 7
6
4 3
2
2
0
77-78 79-80 81-82 83-84 85-86 87-88
Year
Annual Reports

51. Rs .in Million
15
20
25
30
10
0
5
77-78
Annual Reports
79-80
20
81-82
20
83-84
20
85-86
20
87-88
For 1-5 Years
20
89-90
From 6 + Years
20
Year
For 1-5 Years
20
91-92
From 6 + Years
20
For 1-5 Years
20
93-94
From 6 + Years
20
For 1-5 Years
20
95-96
From 6 + Years
20
For 1-5 Years
30
97-98
From 6 + Years
30

52. Rs .in Million
20
30
40
50
0
10
For 1-5 Years
Annual Reports
30
99-2000
From 6 + Years
30
For 1-5 Years
30
2001-2003
From 6 + Years
30
For 1-5 Years
50
2004-2005
From 6 + Years
50
Year
For 1-5 Years
50
From 6 -16 Years
50
2006
From 17 Years to Onwards
50
For 1-5 Years
50
From 6 -16 Years
50
2007-2009
From 17 Years to Onwards
50

53. Rs .in Million
10
20
30
40
50
60
0
26
77-78
Annual Reports
26
79-80
26
81-82
26
83-84
26
85-86
28
87-88
For 1-5 Years
29
89-90
From 6 + Years
29
Year
For 1-5 Years
31
91-92
From 6 + Years
36
For 1-5 Years
31
93-94
From 6 + Years
46
For 1-5 Years
31
95-96
From 6 + Years
51
For 1-5 Years
33
97-98
From 6 + Years
58

54. Rs .in Million
100
10
20
30
40
50
60
70
80
90
0
Annual Reports
For 1-5 Years
35
99-2000
From 6 + Years 65
For 1-5 Years 35
2001-2003
From 6 + Years
69
For 1-5 Years
35
2004-2005
From 6 + Years
69
Year
For 1-5 Years
35
From 6 -16 Years
69
2006
From 17 Years to Onwards
100
For 1-5 Years
35
From 6 -16 Years
69
2007-2009
From 17 Years to Onwards
100

55. Rs. in Million
10
15
20
25
30
35
40
45
50
0
5
18
Annual Reports
18
18
18
18
18
77-78 79-80 81-82 83-84 85-86 87-88
For 1-5 Years
19
89-90
From 6 + Years
19
Year
For 1-5 Years
21
91-92
From 6 + Years
26
For 1-5 Years
21
93-94
From 6 + Years
36
For 1-5 Years
21
95-96
From 6 + Years
41
For 1-5 Years
23
97-98
From 6 + Years
48

56. Rs. in Million
0
10
20
40
50
60
30
Annual Reports
For 1-5 Years
25
99-2000
From 6 + Years
55
For 1-5 Years
25
2001-2003
From 6 + Years
59
For 1-5 Years
25
2004-2005
From 6 + Years
59
Year
For 1-5 Years
25
From 6 -16 Years
2006
59
From 17 Years to Onwards
59
For 1-5 Years
25
From 6 -16 Years
59
2007-2009
From 17 Years to Onwards
59

57. Rs. In Million
10
15
20
25
30
40
45
35
0
5
12
Annual Reports
12
12
12
12
12
77-78 79-80 81-82 83-84 85-86 87-88
For 1-5 Years
13
89-90
From 6 + Years
13
Year
For 1-5 Years
15
91-92
From 6 + Years
20
For 1-5 Years
15
93-94
From 6 + Years
30
For 1-5 Years
15
95-96
From 6 + Years
35
For 1-5 Years
17
97-98
From 6 + Years
42

58. Rs. In Million
10
20
30
40
50
60
0
Annual Reports
For 1-5 Years
19
99-2000
From 6 + Years
49
For 1-5 Years
19
2001-2003
From 6 + Years
53
For 1-5 Years
19
2004-2005
From 6 + Years
53
Year
For 1-5 Years
19
From 6 -16 Years
53
2006
From 17 Years to Onwards
For 1-5 Years
19
From 6 -16 Years
53
2007-2009
From 17 Years to Onwards

59. 160 150 150
140
120 110
102 102 102
100
80
56 56 56 60
60
40
20
0
For 1-5 From 6 + For 1-5 From 6 + For 1-5 From 6 -16 From 17 For 1-5 From 6 -16 From 17
Years Years Years Years Years Years Years to Years Years Years to
Onwards Onwards
2001-2003 2004-2005 2006 2007-2009
Annual Reports

60. ONE TIME BONUS
OTHER BONUSES
ONE TIME BONUS @Rs.40/- PER THOUSAND SUM ASSURED PAYABLE ON DEATH OR MATURITY TO ALL WITH
PROFIT POLICIES INFORCE AS AT 31.12.94 AND OTHERWISE QUALIFIES
GOLDEN JUBILEE BONUS
GOLDEN JUBILEE BONUS @RS.50/- PER THOUSAND SUM ASSURED PAYABLE ON DEATH OR MATURITY TO ALL
WITH PROFIT POLICIES INFORCE AS 31.12.96 AND OTHERWISE QAUALIFIES
MILLENNIUM BONUS
MILLENNIUM BONUS @RS.51/- PER THOUSAND SUM ASSURED PAYABLE ON DEATH OR MATURITY TO ALL WITH
PROFIT POLICIES INFORCE AS AT 31.12.2000 AND OTHERWISE QUALIFIES
30TH ANNIVERSARY BONUS
FOR WHOLE LIFE AND ENDOWMENT POLICIES, @RS.48/- PER THOUSAND SUM ASSURED FOR EACH YEAR'S
PREMIUM PAID TILL DECEMBER 31, 2002 IN EXCESS OF 10 YEARS.
SUBJECT TO A MAXIMUM OF RS.480/- PER THOUSAND SUM ASURED FOR ANTICIPATED ENDOWMENT
POLICIES, THE RATE OF THIS BONUS WILL BE RS.24/- PER THOUSAND. SUM ASSURED FOR EACH YEAR'S
PREMIUM PAID TILL DECEMBER 2002 IN EXCESS OF 10 YEARS SUBJECT TO A MAXIMUM OF RS.240/- PER
THOUSAND SUM ASSURED.
TERMINAL/LOYALTY TERMINAL BONUS FOR PAID-UP POLICIES
(1). PAID-UP POLICIES (WHOLE LIFE AND ENDOWMENT) TERMINATING BY WAY OF DEATH OR MATIRITY IN
2010, WILL GET TERMINAL BONUS SUBJECT TO TERMS MENTIONDED BELOW:
(a). THE POLICY HAS BEEN ON THE BOOKS FOR MORE THAN 10 YEARS
(b). THE RATE WILL BE RS.50/- PER THOUSAND PAID-UP SUM ASSURED FOR EACH YEAR IN
EXCESS OF 10 YEARS SUBJECT TO A MAXIMUM OF RS.1,000/- PER THOUSAND PAID-UP SUM
ASSURED.