SLIC Extending Life and Health Insurance Solutions to Bahria Foundation Employees and Retired Personnel of Pakistan Navy

By Daily Independent On Jun 13, 2023

Karachi –, State Life Insurance Corporation of Pakistan (SLIC) signed an agreement with Bahria Foundation to provide group life and health insurance to over six thousand employees of Bahria Foundation and retired personnel of Pakistan Navy. Shoaib Javed Hussain, Chairman (SLIC) and V/Adm Khan Hasham Bin Saddique HI(M) witnessed the event where, executives from both organizations were also present. This partnership is yet another step towards making life and health insurance accessible to every Pakistani.

“As part of our mission of extending the benefits of insurance to all sections of society and meeting our commitments to our policy holders and the nation; we take pride in providing financial and health protection to the employees of Bahria Foundation and retired personnel from Pakistan Navy,” said Mr. Hussain, Chairman (SLIC).

“This strategic partnership commemorates our commitment for continuous improvement and innovation for our employees as well as the welfare of retired personnel of Pakistan Navy,” said Saddique, MD Bahria Foundation.

Background – State Life
State Life Insurance Company of Pakistan (SLIC) is the largest and the only AAA rated insurance company in the country. Over the past one year, the corporation has emerged as one of the most successful State-Owned enterprises in the country. Learn more about the corporation at statelife.com.pk.

Background – Bahria Foundation
Bahria Foundation was established in 1982 by the Government of Pakistan as a Charitable Trust under Endowment Act 1890. It is an amalgam of highly disciplined & experienced retired personnel from the Pakistan Navy and talented professionals from all fields.

The Foundation is engaged in diversified industrial, commercial and developmental activities through its four pillars namely Bahria Education & Training Services (BEATS), Maritime Works Organization (MWO), Commercial Businesses (CB) and Bahria Estates (BE). All four pillars fall under Deputy Managing Director (DMD) of each pillar. Alongside, Bahria Foundation operates in various regions Pan Pakistan.

It aims to be at the forefront of our expanding focusing blue economy, contributing to social uplift, national progress and education. Bahria Foundation has been contributing to the society through number of subsidiaries and its four pillars of Organization. It is currently headed by Vice Admiral Khan Hasham Bin Saddique HI(M).