State Life and JS Bank Partner to Expand Access to Insurance Across Pakistan

WNAM REPORT: State Life Insurance Corporation of Pakistan (SLIC), the nation’s largest and most trusted life and health insurer, has entered into a strategic partnership with JS Bank, one of the fastest growing banks in Pakistan, to offer a range of insurance products under its bancassurance model.
The move brings together the scale of Pakistan’s public institutions with the agility of its private banking sector, enabling wider access to insurance solutions for individuals and families through JS Bank’s branch network.
Through this collaboration, JS Bank customers will gain access to SLIC’s insurance offerings directly through the Bank’s network, enabling them to plan and protect their futures with greater convenience.
Speaking at the signing ceremony held at JS Bank’s Head Office in Karachi, Mr. Shahid Iqbal Baloch, Executive Director at SLIC, stated, “This partnership unites two of Pakistan’s leading institutions with a shared commitment to financial inclusion and protection across all segments of society while advancing Pakistan’s economic resilience.”
Sharing his thoughts at the signing ceremony, Atif Malik, Chief Operating Officer at JS Bank, said “At JS Bank, we view financial protection as an essential part of overall financial wellbeing. Our collaboration with State Life enables us to extend this philosophy by making insurance more accessible to the communities we serve.”
State Life leverages its legacy and market expertise to bring valuable strength to this partnership. By partnering with JS Bank, it actively expands its customer reach through a modern banking platform. Together, both institutions demonstrate a firm commitment to delivering integrated financial solutions that combine banking, savings, and protection—advancing financial inclusion and security.