JS Bank, one of Pakistan’s fastest-growing banks, has partnered with State Life Insurance Corporation (SLIC), the country’s largest life and health insurer, to digitalize premium payment processes. This collaboration, which leverages KuickPay’s innovative technology, provides policyholders with a seamless, secure, and accessible payment experience.
This initiative allows customers to pay their insurance premiums using digital options, including mobile apps, internet banking, and digital wallets. SLIC customers can utilize over-the-counter (OTC) payment facilities for in-person transactions at selected courier service centers, JS Zindigi agents, and other partner outlets. This comprehensive network caters to banked and unbanked customers, promoting financial inclusion.
The partnership also facilitates policyholders living abroad, enabling them to pay premiums conveniently from international bank accounts. Payments can be made via digital channels and selected branch counters of JS Bank, BankIslami, and other financial institutions, offering extensive accessibility for all customers.
Sharing his thoughts at the digital launch ceremony, Basir Shamsie, President & CEO of JS Bank, said, “At JS Bank, our mission is to make financial services simple, inclusive, and accessible for everyone. By partnering with State Life Insurance and leveraging KuickPay’s technology, we are bridging financial gaps and ensuring that customers can manage their insurance commitments seamlessly, anywhere in the world.”
Shoaib Javed Hussain, CEO of SLIC, stated, “SLIC is at the forefront of digital adoption and innovation. The key purpose is to enhance our policyholders’ transparency, facilitation, and empowerment. By enhancing SLIC’s collaboration with JS Bank and leveraging the services of Kuickpay, SLIC is ensuring the development of an inclusive financial protection ecosystem to serve every Pakistani.”
This collaboration represents a significant leap toward digitalising Pakistan’s financial landscape, merging convenience with innovation to cater to diverse customer needs.
