life insurancestate life

STRUCTURE MISSION AND OBJECTIVES OF STATE LIFE

STRUCTURE MISSION AND OBJECTIVES OF STATE LIFE

life insurance corporation in Pakistan was nationalized at some point of March 1972. to begin with, existence coverage business of 32 coverage companies became merged and positioned underneath 3 beema units named “a”, “b” and “c” beema devices. but, later those beema devices had been merged and powerful November 1, 1972, the management of the existence coverage business was consolidated and entrusted to the country existence insurance organization of Pakistan.

life insurance corporation of Pakistan is headed by means of a boss and assisted by way of the government directors appointed with the aid of the federal government. as much as July 2000 the employer turned into a run by a board of administrators constituted below life insurance (nationalization) order 1972. in July 2000, beneath coverage ordinance 2000, the federal government reconstituted the board of administrators of nation existence which runs the affair of this employer.

the simple shape of the corporation includes seven regional offices, thirty-three zonal workplaces, a few sub-zonal workplaces, a hundred ninety quarter workplaces, and a network of 1102 vicinity workplaces throughout the USA. for person life coverage; four zonal workplaces and 6 sector offices with 20 sector heads for organization & pension are concerned inside the advertising of existence insurance plans rules and merchandise presented with the aid of state life and a foremost workplace. the zonal offices deal solely with income and marketing. underwriting of existence insurance regulations and the policyholder’s services. regional offices, every headed through a regional leader, supervise commercial enterprise activities of the zones functioning underneath them. the main workplace, based totally at Karachi, is chargeable for corporate sports consisting of funding, actual estate, actuarial, overseas operations, and so on.

most important achievements
the major feature of the kingdom lifestyles coverage corporation of Pakistan is to carry out lifestyles coverage business; but, it is also involved inside the different related commercial enterprise activities which include funding of policyholders fund in government securities, inventory marketplace, actual property, and many others. the predominant achievements of state existence are as below:

at the commencement of the operations, the employer took a very important step by way of effecting reduction up to 33% within the rates on the past and capacity existence regulations for the benefit of the policyholders. country life is a worthwhile enterprise and it paid rs.nine.009 billion as dividend to the authorities of Pakistan due to the fact that its inception in 1972. country life has played a very critical role inside the economy by way of offering employment to the people of the united states of America as permanent employees and as a part of its advertising and marketing pressure and with the aid of investing the huge price range in special sectors of the economic system. the funding portfolio of kingdom existence as at 31.12.2017 stands at rs.688.721 billion. investment portfolio additionally includes funding in real property which stands at an ebook cost of rs.3.185 billion as at 31.12.2017 whereas its truthful fee is around rs.35.079 billion inside the identical period. the paid-up capital accelerated from rs.10 million in 1972 to rs.3,000 million in 2017. the premium earnings multiplied from rs.zero.317 billion in 1972 to one hundred.760 billion in 2017. in additional investment income such as apartment income accelerated from rs.0.eighty one billion in 1972 to 69.566 billion in 2017. total statutory fund of nation lifestyles stands at rs.707.388 billion in 2017 as in opposition to rs.1.494 billion in 1972state existence is easily striving in the direction of its goal of making life insurance available to the massive phase of the society by means of extending it to commonplace man. as at December 2017, the overall wide variety of regulations put in force under person life had been five.695 million and quantity of lives covered under organization existence coverage had been 3.267 million.

to run lifestyles insurance enterprise on sound line.to offer greater efficient service to the policyholders.to maximize the return to the policyholders by using economizing on charges and increasing the yield on investment.to make lifestyles insurance a greater effective means of mobilizing countrywide financial savings.to widen the area of operation of life insurance and making it available to as large a phase of the populace as feasible, extending it from the relatively extra prosperous sections of society to the commonplace guy in cities and villages.to use the policyholder’s fund in the wider interest of the community.
challenge

to remain the main insurer inside the USA. by extending the advantages of coverage to all sections of society and meeting our commitments to our policyholders and the kingdom.

Board Of Directors

Mr. Farrukh Ahmed Hamidi Chairman
(Additional Charge)
Mr. Javed Akbar Bhatti Director
Mr. Iftikhar-ul-Hassan Shah Gilani Director
Mr. Ghiasuddin Ahmed Director
Mr. Ali Mubashar Kazmi Director
Mr. Abdul Qadir Memon Director
Mr. Muhammad Bashir Khetran Director
Mr. Mushtaq Ahmed Company Secretary

 

Sub Committee(s).

 

  • Board Standing Committee
  • Board Underwriting Committee and Reinsurance & Co-Insurance Committee
  • Board Risk Management and Compliance Committee and IT Committee
  • Board Claim Settlement Committee
  • Board Ethics, Human Resource & Remuneration Committee
  • Board Takaful Committee
  • Board Real Estate Committee
  • Board Investment Committee
  • Board Audit Committee 
  • Compliance Officer

 

Board Standing Committee

Mr. Mohammad Younus Dagha Chairman
Mr. Iftikhar-ul-Hassan Shah Gilani Member
Mr. Ali Mubashar Kazmi Member
Divisional Head (P&GS) Non-Member/Secretary

 

Board Underwriting Committee and Reinsurance & Co-Insurance Committee

 Mr. Javed Akbar Bhatti Chairman
Mr. Abdul Qadir Memon Member
Mr. Ghiasuddin Ahmed Member
Divisional Head (ACT) Member
Divisional Head (PHS) Member

 

Board Risk Management and Complaince Committee and IT Committee

Mr. Ali Mubashir Kazmi Chairman
 Mr. Javed Akbar Bhatti Member
Mr. Ghiasuddin Ahmed Member
Mr. Muhammad Bashir Khetran Member
Divisional Head (Actuarial)
for matters related to Risk Management
Non-Member/Secretary
Compliance Officer
for matters related to Compliance
Non-Member/Secretary
Divisional Head (IT)
for matters related to IT
Non-Member/Secretary

 

Board Claim Settlement Committee

Mr. Muhammad Bashir Khetran Chairman
Mr. Iftikhar-ul-Hassan Shah Gilani Member
Mr. Ali Mubashar Kazmi Member
Divisional Head (H&AI) Member
DGM- PHS (Claims) Non-Member/Secretary

 

Board Ethics, Human Resource & Remuneration Committee

Mr. Javed Akbar Bhatti Chairman
Mr. Iftikhar-ul-Hassan Shah Gilani Member
Mr. Ali Mubashar Kazmi Member
Mr. Abdul Qadir Memon Member
Executive Director (P&GS) Member
Divisional Head (P&GS) Non-Member/Secretary

 

Board Takaful Committee

Mr. Abdul Qadir Memon Chairman
 Mr. Javed Akbar Bhatti Member
Mr. Ghiasuddin Ahmed Member
Shariah Advisor Member
Divisional Head (Act) Member
Divisional Head (Takaful) Non-Member/Secretary

 

Board Real Estate Committee<

Mr. Ali Mubashar Kazmi Chairman
 Mr. Javed Akbar Bhatti Member
Mr. Ghiasuddin Ahmed Member
Executive Director (RE) Member
Divisional Head (RE) Non-Member/Secretary

 

Board Investment Committee

Mr. Abdul Qadir Memon Chairman
 Mr. Javed Akbar Bhatti Member
Mr. Ghiasuddin Ahmed Member
 Mr. Ali Mubashar Kazmi Member
Chief Financial Officer Member
Appointed Actuary Member
Divisional Head (Inv) Non-Member/Secretary

 

Board Audit Committee

Mr. Ghiasuddin Ahmed Chairman
 Mr. Javed Akbar Bhatti Member
Mr. Iftikhar-ul-Hassan Shah Gilani Member
Mr. Abdul Qadir Memon Member
Divisional Head (IA) Non-Member/Secretary

 

Compliance Officer

Mr. Muhammad Naseeruddin Compliance Officer

Management

Chairman

Telephone Fax Email
Mr. Farrukh Ahmed Hamidi
(Additional Charge)
021-99202830
021-99202870
021-99202844 [email protected]

Executive Directors

Mr. Farrukh Ahmed Hamidi 021-99202828 [email protected]  
Mr. Mushtaq Ahmed Mahar 021-99202829 02-199204522 [email protected]  
Mr. Manzoor Ali Shaikh 021-99206867 021-99206873 [email protected]
Mr. Muhammad Izqar Khan (Current Charge) 021-99202836 [email protected]

Company Secretary

Mr. Mushtaq Ahmed 021-99202818 021-99202869 [email protected]

Divisional Heads

Mr. Nisar A. Shah
Personnel & General Services
021-99204591 021-99204580
[email protected]

Mr. Athar Hussain Khokhar
Real Estate
021-99204520  021-99202877 [email protected]
[email protected]
Mr. Muhammad Rashid
Chief Financial Officer,
Finance & Accounts
021-99202863 021-99202849 [email protected]
Mr. Attaullah A. Rasheed
Bancassurance
021-99204115 [email protected]
Mr. Muhammad Saeed Khan
Marketing (Additional Charge)
021-99202851 021-99202831 [email protected]
Mr. Faisal Mumtaz
Actuarial
021-99204571 021-99202874 [email protected]
Mr. M. Sohaib Usmani
Internal Audit & Compliance
021-99202871 021-99202866 [email protected]
Dr. Arshad Hameed Iraqi
Policy Holder Services
021-99202838 021-99202826 [email protected]
Mr. Fazal-ur-Rehman
Health & Accidental Insurance
021-99202867  
Mr. Muhammad Saeed Khan
Group & Pension
021-99202890 021-99202866 [email protected]
Mr. Muhammad Naseeruddin
Compliance Division
021-99202834 [email protected]
Mr. Muhammad Ali
Information Technology
021-99204590 021-99202827 [email protected]
Mr. Mushtaq Ahmed
Investment
021-99202833 021-99202832 [email protected]
Mr. Fazal-ur-Rehman
Legal Affairs
021-99202883 021-99202868 [email protected]
Mr. Pervaiz Altaf
Takaful
021-99204931 [email protected]
Mr. Faisal Tahzeeb
Human Resource Development
021-99202857 021-99202362

Departmental Heads

Personnel & General Services 021-99204521 021-99204577 [email protected]
Field Manpower development 021-99202823 021-99202864 [email protected]

Mr. Asif Ali Raza Shah
Corporate Communication

021-99202819 021-99202892 [email protected]
Dr. Mukkaram Ali Khan
Medical
021-99202821 021-99202876 [email protected]
Mr. Qaiser Siddiqui
General Services
021-99204521 021-99204577 [email protected]

Regional Chiefs

Mr. Tahir Ahmed Khan
Central Region Lahore
042-99205121-2 [email protected]
Mr. M. Yousuf Farooqi
North Region Islamabad
051-9204935
051-9205047
[email protected]
Mr. M. Ramzan Shahid
KPK Region
091-9210918-19 [email protected]
Ch. Sarfraz Ahmed
Faisalabad Region Faisalabad
091-9210918-19 [email protected]
Mr. Anjum Rasheed
Multan Region Multan
061-9200670
061-9200770
[email protected]
Mr. Dur Muhammad Baladi
Southern Region Karachi
021-99217035-6 [email protected]
Mr. Gianchand
Hyderabad Region
022-9200352
022-9201482
[email protected]

Zonal Heads (Individual Life)

Hyderabad Region
Mr. Zahoor A. Bhatti
Hyderabad
022-9200622 [email protected]
Mr. Maqbool A. Mughal
Sukkur
071-9310501 [email protected]
Mr. Masood Anwar Arain
MirPur Khas
0233-9290205 [email protected]
Mr. S .Noor Shah Bukhari
Larkana
074-9410801 [email protected]
 Mr. Asghar Khushak
Benazirabad (Nawabshah)
0244-9370571
0244-9370572
  [email protected]
Southern Region
Mr. Muhammad Nadeem Qadri
Karachi (Southern)
021-99217023-4 [email protected]
Mr. Latif Kiyani
Karachi Central Zone
021-99260011
021-99260013
[email protected]
Mr. Muhammad Aurangzeb
Quetta
081-9201520
081-9201530
[email protected]

Karachi (Eastern)
021-34359180
021-34538095
[email protected]
Multan Region
Mr. M. Tariq Siddique
Multan
061-9200676 [email protected]
Mr. Allah Ditta Shahid
Rahim Yar Khan
068-9230027 [email protected]
Mr. M. Ramzan Bhatti
Bahawalpur
062-9255171 [email protected]
Mr. Saeed Ahmed Daha
Dera Ghazi Khan
064-9239130 [email protected]
Mr. Arif Saeed Pasha
Sahiwal
040-9200022 [email protected]
Mian Rizwan Majeed
Vehari
067-9201131 [email protected]
Central Region
Mr. Tariq Mehmood Cheema
Gujranwala
055-9200282
055-9200285
[email protected]
Mr. Abaid ur Rehman
Lahore (Western)
042-99211642
042-99211711
[email protected]
Ch. Altaf Mehmood
Sialkot
052-9250101 [email protected]
Ch. Inamullah
Lahore (Central)
042-99205121-2 [email protected]
Ch. Muhammad  Ashraf
Narowal
0542-413883 [email protected]
Faisalabad  Region
Mr. Mehmood Jaffar
Faisalabad
041-9200390
041-9200636
[email protected]
Mr. Furrukh Raza Bajwa
Sargodha
048-9230311
048-9230319
[email protected]
Mr. Wajid Ali Shah
Jhang
047-9200390 [email protected]
Northern Region
Mr. Rukhsar A. Qaiser
Rawalpindi
051-9270315
051-9271351
[email protected]
Ch. Muhammad  Arshad.
Gujrat
053-9260242 [email protected]
Mr. Noor Muhammad Javed
Islamabad
051-9205329
051-9206162
[email protected]
Mr. Jalil A. Hashmi
Mirpur (Azad Kashmir)
05827-927455
05827-435106
[email protected]
Mr. Raja Zafar Iqbal
Jhelum
 922621  922621 [email protected]om.pk
Ms. Sardar Begum
Gilgit
9260252 92360244  
KPK Region
Mr. Shahjehan Khan
Peshawar
091-9212312
091-9212314
[email protected]
Mr. Muhammad Khalid
Abbottabad
0992-380924
0992-381090
[email protected]
Mr. Muzaffar Khan
Swat
0946-9240060
0946-9240063
[email protected]
Mr. Ameer Muhammad Khan
Kohat
0992-512911 [email protected]
Zonal Chief (Gulf)
Mr. Abdul Manan Shaikh
Dubai
971-4-2729061, 971-4-2729071 971-4-2729051 [email protected]
Zonal Heads (Group & Pension)
Mr. Mumtaz A. Qureshi
Karachi
021-99217060
021-99217097
[email protected]
[email protected]
Dr. Sajjad Hussain Zaidi
Lahore
042-99200355
042-99200358
[email protected]
Mr. Abdul Waheed
Rawalpindi
051-9272598 051-9272564 [email protected]
Mr. Shafqat Hussain Jafri
Peshawar
091-9211596 [email protected]
Real Estate Offices

Karachi
021-99204520
Ch. Rasheed Anjum
Lahore
042-99200396
.
Islamabad
051-9203347 051-9204013
Mr. Amir Ali Jan Arbab
Peshawar
091-9211594

 

Tags

zahid lar

hard working is key to success

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button