JS Bank Partners with State Life Insurance to Digitize Premium Payments

JS Bankhas announced a groundbreaking partnership with theState Life Insurance Corporation of Pakistan (SLIC)to streamline premium payments for policyholders. This collaboration aims to enhance convenience and accessibility by introducing a range of digital and physical payment options. The Go-Live ceremony to mark this significant milestone was attended by senior leadership from both organizations, including Basir Shamsie, President & CEO of JS Bank; Shoaib Javed Hussain, CEO of SLIC; Syed Jafar Raza, Group Head – Investment, International & Transaction Banking of JS Bank; Arbab Ali Khan, Managing Director of KuickPay; Muhammad Amjad, Chief Financial Officer of SLIC, along with other key team members. Through this initiative, policyholders can now pay their premiums effortlessly using multiple channels. These include over-the-counter services and mobile applications linked to any bank account, providing users with seamless payment options. Commenting on the development, Basir Shamsie stated, “At JS Bank, our focus remains on delivering innovative, customer-centricsolutions that drive financial inclusion and make bankingeasier for everyone. This partnership with StateLife Insuranceis a step forward in achieving that vision.” Shoaib Javed Hussain echoed similar sentiments, highlighting the transformative potential of the collaboration. “Digitizing premium payments aligns with our commitment to providing convenience and accessibility to our policyholders. Thisinitiative ensures that payingpremiums becomes a hassle-free experience,” he added. This partnership underscores JS Bank’s dedication to leveraging technology for financial innovation while supporting Pakistan’s digital transformation goals.