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.
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