KARACHI: State Life Insurance Corporation of Pakistan (SLIC) signed an MOU with United Bank Limited (UBL) at a ceremony recently held in Karachi. Shoaib Javed Hussain, Chairman SLIC and Shazad G Dada, President & CEO UBL were present at the ceremony. Senior officials from both organizations were also in attendance at the occasion.
Through this MOU, UBL will strengthen its business relationship with State Life by providing cash management services to streamline their collections through the bank’s branch network and alternate delivery channels, including Internet Payment Gateway, to receive collections. UBL will also manage State Life’s fund disbursements along with providing them with Employee Banking services to benefit their employees.
Shoaib Javed Hussain, Chairman State Life, said at the event, “it is a pleasure to announce the strategic partnership between State Life and UBL at the start of State Life 50th anniversary. The partnership will greatly facilitate SLIC esteemed policyholders through digital solution and services.”
Copyright Business Recorder, 2022
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