KARACHI: The First Women Bank Limited (FWBL) and State Life Insurance Corporation (SLIC) have entered into a strategic partnership to sell insurance products under Bancassurance.An official of the FWBL said that the First Women Bank, the only bank for women in the country, has a network of 41 branches in 24 cities of Pakistan while SLIC is the largest life insurance Corporation operating in Pakistan, having 65% market share. It also operates in Gulf countries.The agreement was signed by President FWBL, Ms. Shafqat Sultana, and General Manager Bancassurance SLIC Irfan Baloch at a ceremony held at State Life Head Office here on Thursday.GBA Services, SLIC's exclusive Third Party Administrators (TPA) for Bancassurance will provide technical, marketing/ advertising support including state of the art online Point of Sales (POS) System for instant coverage to FWBL customers, new product development, and staff training.Copyright APP (Associated Press of Pakistan), 2013
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