State Life Insurance Corporation of Pakistan (State Life) signed an MOU with United Bank Limited (UBL) at a ceremony recently held in Karachi.
Mr. Shoaib Javed Hussain, Chairman State Life and Mr. Shazad G. Dada, President & CEO UBL were pre-sent at the ceremony. Senior officials from both organizations were also in attendance at the occa-sion.
Through this MOU, UBL strengthen its business relationship with State Life by providing Cash Man-agement Services through both the bank’s branch network and, as Pakistan’s ‘Best Digital Bank’ through its alternate delivery channels, including Internet Payment Gateway.
UBL will also manage State Life’s fund disbursements along with provid-ing them with Employee Banking services to their employees.
Mr. 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 partner-ship brings together two leading organizations of Pakistan with the shared vision of enduring inclu-sion and protection of people of Pakistan across all strata of society with the goal of increasing eco-nomic activities in the country.
The partnership will greatly facilitate State Life’s esteemed policyholders through digital solution and services. The partner-ship will also extend the social protection products to UBL employees and customers, like-wise UBL’s offering to State Life’s dedicated employee.
We see this step as beginning of a successful and everlast-ing partnership between the great Pakistani entities”.
