The State Life Insurance Corporation (Slic) has successfully secured Rs 478 million as first year premium (new business) by providing financial protection to more than 47,615 new policyholders and their families nation-wide, thus showing an increase of 24 percent during the first quarter of 2005. This was stated by Slic Chairman Kamal Afsar, while talking to newsmen at the closing session of a three-day second Regional Chiefs/Zonal Heads Conference - 2005 held at Rawalpindi.
According to a Slic press release issued here on Tuesday, Kamal Afsar said that Slic renewal premium stood at Rs 1.30 billion in first quarter of 2005 as compared to Rs 1 billion during the same period last year.
He appreciated the performance of regions and zones on securing their respective business targets, and hoped that Slic would secure the new business target of Rs 3 billion in next three quarters of 2005 by marketing the life assurance products plans and policies in every nook and corner of the country.
Earlier, Slic Executive Director (marketing) Rahat-ul-Ain while highlighting the performance of regions and zones, said that central region topped by securing Rs 148.94 million, followed by north region Rs 136.9 million, southern region Rs 115.74 million and Multan region Rs 77.06 million, by showing an increase of 20.16, 34.88, 12.85 and 31.22 percent, respectively. He said that Slic will extend financial protection to its new policy-holders to effectively provide quality service.
Slic Divisional Head (marketing) Aga Ashraf Abbas presented the overview of the business strategy for securing the business target of Rs 3 billion in 2005.
Slic executive directors, Mohammad Javed Khan, Abid Javed Akbar, and Zahid Murad were also present on this occasion.
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