KARACHI: State Life Insurance Corp (SLIC) signed an agreement with ride-hailing service Bykea for ‘State Life Ride Protection Plan’ on Friday.

SLIC chairman Shoaib Javed Hussain in collaboration with Alpha Insurance Company (a subsidiary of SLIC) signed the agreement with Bykea COO Rafiq Malik for insuring accidental death and disability alongside hospitalisation cover for Bykea passengers, a press release said. The agreement will also cover valuables of Bykea passengers and consignments in case of any theft.

The agreement, first of its kind, is bound to extend the protection benefits to the uninsured people who cannot afford in Pakistan the conventional insurance services, the press statement added.

Published in Dawn, December 18th, 2021