KARACHI: State Life Insurance Corporation of Pakistan (SLIC) and JS Bank Limited have signed a Memorandum of Understanding (MoU) to provide seamless financial and insurance services to their customers and employees.
Through this agreement, JS Bank will provide innovative transaction banking solutions including cash management and employee banking services to SLIC, while SLIC’s robust insurance offerings will be offered to JS Bank employees and customers, fostering a synergy that aims to revolutionize the financial landscape in Pakistan.
Basir Shamsie, President & CEO, JS Bank, commented on the partnership; “This collaboration with SLIC is a testament to our joint vision of providing best-in-class offerings to our customers. By leveraging each other’s strengths, we aim to expand our existing portfolio and carve out a niche of excellence within the industry.”
At the event, Shoaib Javed Hussain, CEO, State Life, said, “It is a pleasure to announce the strategic partnership between State Life and JS Bank as it has the potential to bring innovation and efficiency to the financial services sector and benefit a wide range of customers.”
Copyright Business Recorder, 2023
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