Is state life insurance a government company?

Is state life insurance a government company?

The Chairman is assisted by four directors. The Chairman and directors of State Life are all appointed by the Government of Pakistan….State Life.

Type Government organization
Industry Life insurance
Founded 1972
Headquarters Karachi, Pakistan
Key people Shoaib Javed Hussain (Chairman)

Is State life insurance Islamic?

All Insurance is a form of Gambling or Wagering, which is forbidden in Islam.

Who is chairman of State life insurance Corporation of Pakistan?

Shoaib Javed Hussain
Board Of Directors

Mr. Shoaib Javed Hussain Chairman
Mr. Mushtaq Ahmed Company Secretary

How do I cancel my state life insurance policy?

For withdrawal of Survival Benefit, please send a written request alongwith following documents to your servicing State Life zonal office:

  1. Original policy document.
  2. Copy of National Identity Card.
  3. Survival Benefit discharge voucher duly verified by your bank.

How do I check my life insurance policy status?

Customer Care: You can call the customer care of the insurance company, mention the policy number to the executive and the know about your current life insurance policy status. Online: This is the most convenient method. Most insurers offer the option of online registration.

Is life insurance halal or haram in Islam?

The answer is no, life insurance is not halal in Islamic religion. Therefore, it’s considered haram. Life assurance, on the other hand, is considered halal.

Is life insurance is halal in Islam?

Life insurance with takaful is considered to be fully halal, and provides financial protection alongside long-term savings. Life insurance is considered to be an important financial planning tool, aimed at providing protection for the family and children of the deceased.

How many state life insurance branches are there?

The basic structure of the Corporation consists of Seven Regional Offices, Thirty Three Zonal Offices, a few Sub-Zonal Offices, 200 Sector Offices, and a network of 1329 Area Offices across the country for Individual Life Insurance; Four Zonal Offices and 6 Sector Offices with 20 Sector Heads for Group & Pension are …

How do you pay state life?

Premiums other than single premiums can be paid by the policyholders to State Life in yearly, half-yearly, quarterly or monthly installments.