KARACHI, Jan 22: The life fund of State Life Insurance Corporation (SLIC) now amounts to Rs75 billion. Of this amount, a substantial sum has been invested in government securities and bonds.

This was stated by the SLIC Chairman Samee ul Hasan in his inaugural address to the participants of the four days SLIC regional chiefs and zonal heads conference.

A SLIC press release quotes the chairman having secured more than Rs1 billion first year premium during last year (2001) by offering life insurance policy to 133,000 persons.

He said that the Corporation has secured 71 per cent second year persistency premium and 87 per cent third year persistency premium in the year 2001.

Rasool Bakhsh Baloch, SLIC’s Executive Director Marketing said that the renewal premium amounts to Rs5 billion constituting 94 per cent of the target. Agha Ashraf Abbas, Divisional head marketing presented the welcome address.