State Life Insurance Corporation of Pakistan (SLIC) and National Bank of Pakistan (NBP) signed a Memorandum of Understanding (MOU) for offering bilateral financial and insurance solutions ceremony was held at State Life Head office, Both the national institutions vide this MOU agreed to enter into business arrangements that includes “Employee Banking”, “Cash Management Services”, “Renaissance of Bancassurance Business” and “Individual and Group Life, Health and Savings products etc.” The MOU was signed by Mr. Rehmat Ali Hasnie (President & CEO, NBP) and Mr. Shoaib Javed Hussain (Chairman, SLIC).
Other senior executives of NBP and SLIC also witnessed the signing ceremony.
Under Cash Management, NBP through its wide range of product and services will provide SLIC the comfort to manage its liquidity effectively and efficiently.
These services, will facilitate SLIC in streamlining and digitalizing processes, optimize monitoring of funds, automate everyday task and explore opportunity for value added digital products.
Further, NBP under the Employee Banking arrangement will facilitate SLIC employees to meet their financial needs through provision of its wide range of assets and liabilities products under the preferred service mode.
