State Life Partnered with Dubai Islamic Bank to Offer Innovative Takaful solutions to Customers.

State Life Insurance Corporation (SLIC), Pakistan's largest life and health insurer, has signed a Memorandum of Understanding (MoU) with Dubai Islamic Bank (DIB). This partnership will enable both organizations to offer hassle-free Shariah-compliant financial solutions to DIB customers nationwide.

As per the agreement, SLIC and DIB will jointly work on Life and Health Takaful plans for Roshan Digital Account (RDA) holders and collectively market the product to other areas such as in the GCC market where SLIC has a strong footing.

Moreover, this partnership will lay the foundation for collaboration in other areas such as General Takaful for assets, DIB employee health coverage, treasury bills, and Sukuks etc. for DIB customers as well. The signing ceremony was held at DIB's Head Office in Karachi, which was attended by senior management from SLIC as well as DIB.

Speaking at the signing ceremony Mr. Shoaib Javed Hussain, Chairman State Life, said at the event, "it is pleasure to announce the partnership between State life and DIB an esteemed name in the Islamic banking industry, The State Life is a leading insurer in the country and is also backed by...