State life inurance Jhok Uthra

State life insurance Dera Ghzai Khan

State life inurance Jhok Uthra. The Federal Secretary for Ministry of Commerce, Mr Muhammad Younus Dhaga visited State Life Insurance Corporation of Pakistan, Principal Office, Karachi on May 22, 2017.

The Hon. Secretary was welcomed by Chairman State Life Mr Naveed Kamran Baloch, Mr Jamil Anwar – Executive Director, Mr Izqar Khan – Executive Director and Mr Azhar Hussain – Divisional Head (Marketing).

The Chairman (State Life) cordially briefed the Hon. Secretary about the current scenario of the State Life’s business working & its future plans (Especially highlighting the fields of health insurance, marketing (new business etc.).

The Hon. Secretary appreciated the overall performance of the State Life and applauded the financial strength of the corporation. A thorough and brief discussion was held during and after the presentation with the management of the State Life. Deliberations were made in detail to explore new avenues of insurance and enhance the business opportunities. The federal secretary gave his vision to make new reforms; to take State Life into new levels.

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Finally, Hon. Secretary appreciated the working environment of State Life and the meeting was concluded on a high note of national interest and progress.

Islamabad, 27 May 2022: President Dr Arif Alvi has directed the State Life Insurance Corporation of Pakistan (SLICP) to pay the life insurance claims worth Rs 700,000 to the family members of the deceased policyholders to whom the insurance money had been denied over allegations of hiding pre-insurance ailments at the time of obtaining the policy. While rejecting the two separate representations of SLICP against the decisions of the Wafaqi Mohtasib, the President noted that the onus to prove the pre-insurance ailments rests upon the insurance company and requires unimpeachable evidence regarding its existence which it had failed to provide.

            As per details, the deceased Mr Azhar Hussain and Mr Mazhar Hussain had obtained life insurance policies for the sum assured of Rs 600,000 and Rs 100,000 respectively. After their deaths, their family members approached SLICP (the Agency) for the insurance claims which were repudiated on the grounds that the deceased policyholders had pre-insurance ailments which they had kept secret, therefore, they were not entitled to the payments. Feeling aggrieved, the family members approached the Wafaqi Mohtasib to seek justice. The Mohtasib declared that the insurance company had mentally tormented the complainants by not making the payment of claims without any valid justification and directed SLICP to process the cases and pay the assured amounts to the nominated family members without any delay and report compliance within 30 days. The Agency, however, challenged the decisions in both cases and filed separate representations with the President.

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            The President rejected both representations on the grounds that the documents provided by the Agency in support of its claims related to post-insurance periods and, therefore, were not worth consideration. He also highlighted that in both cases, the deceased policyholders had been declared as healthy by the field officers of SLICP at the time of obtaining the policy and they had categorically stated that they knew the deceased for the past few years. The President also made reference to the Lahore High Court decision in State Life Insurance Corporation vs Mst Sadaqat Bano case, wherein it had been held by the court that as per section 80 of the Insurance Ordinance, 2000, an insurance policy cannot be called in question on the grounds of misrepresentation, false statement or suppression of material facts after two years from the date when the policy was originally effected. He rejected the two representations stating that maladministration had been established on the part of the Agency and directed it to report compliance within 30 days.

The life insurance employees of Pakistan are celebrating a new collective bargaining agreement that gives them a 15% pay raise on basic pay and improved protections on the job.

The agreement between the State Life Insurance Employees Union of Pakistan and the State Life Insurance Cooperation of Pakistan secures not only financial benefits with the average in increase 25% against the Gross Salary but also secures administrative issues as well.

A big win for the workers, as they now expect an average of 25% Gross Pay Increase, 15% increase on basic pay, 7% increase in utility allowances an extra 11,00/- PKR, added 1,000/- PKR for medical allowances and a commitment from the corporate to improve medical facility. The union was able to negotiate 33% quota for present workers´ children in the corporation.

“This agreement is proof that when workers remain committed to act together in union, we can win strong wage increases and added protections,” said Rajendra Acharya, UNI Global Union’s Regional Secretary for Asia Pacific.

President Dr Arif Alvi on Wednesday rejected the appeals of the State Life Insurance Corporation and ordered it to pay insurance claims worth 3.2 million rupees to three citizens.

The complainants, namely the family members of Samina Shahzadi, Mohammad Mahfooz, and Sita, had obtained insurance policies worth Rs2.9 million, Rs198, 290, and Rs192,000, respectively, after the death of the policyholders.

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However, the State Life Insurance Corporation had accused the complainants of deliberately concealing illnesses from the heirs and had refused to pay the amount. The complainants then approached the Federal Ombudsman, who issued orders in their favor.

State Life Insurance Corporation filed petitions against the decisions of the Ombudsman, which were later rejected by the President. He stated that the husband of Samina Shehzadi died due to COVID-19 instead of a brain tumor, the death of the sister of Muhammad Mahfooz occurred after three years and seven months after getting the policy, and Sita’s husband died two years and two months after getting the policy.

The president further added that according to the Insurance Ordinance, no life insurance policy could be questioned after the expiry of two years. In cases where State Life’s misconduct was proven, State Life should pay the death insurance premiums to the three complainants.

This decision by the president has come as a relief to the three complainants who had been fighting for their insurance claims for a long time.

It is also a reminder to insurance companies that they cannot deny claims to their policyholders without proper investigation and evidence.

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