The country’s largest life insurance company State Life Insurance (SLI) has earned Rs 154 billion in profits during the fiscal year 2016-17. During the last fiscal year, SLI distributed over Rs 38 billion among its policy holders.
This was expressed by Chairman SLI Naveed Kamran Baloch on Friday, whereas making known the National Assembly commission on Commerce here at Principal State business office in city. Chairman National Assembly Standing Committee Siraj Khan lead the delegation, with State Minister of Commerce Haji Akram Ansari, MNA Shazia Marri , MNA Nazir Bughio , and MNA Dr Fauzia also attending the briefing.
Chairman SLI Naveed Kamran aforesaid “that State insurance may be a terribly profitable government organization.” “It has paid over Rs 2billion profit and revenue enhancement to the central,”
"Mr. Baloch told the committee.
In his briefing, the chairman said that SLI has made a substantial increase in Investment income; it has introduced Structural reforms in HR, and that it has made commendable increase in its Premiums. On top of that, SLI has Introduced Enterprise resource procedure (ERP) in three Zones of the country.
Talking about the reforms he has introduced in SLI, Mr. Baloch said that the IT- based accounting system has been introduced in the company, apart from revamping service delivery with respect to Policy holder services.
“These are some of the important measures we taken to make the entire system transparent, responsive to policy holders; making it a more profitable organization,” he said.
The Chairman gave a detailed briefing on the performance, working and future planning of State Life. The committee greatly appreciated the briefing and gave a standing ovation to the Chairman.
~PakTechnical
If You like this article please share with your Friends.
Follow us on Twitter
Ch. Shahroz Sadhu
Comments
Post a Comment