State Life Insurance to Issue Over In Billion Claims to Policyholders
State Life Insurance
State Life Insurance
The general State Life insurance company completed a business year to claim a fairer claim than that. Shoaib Javed Hussain, Chairman and CEO of the state-owned company, said that Rs 100 billion tax will be paid for the 2021 period.
The General Insurance Company
The general insurance company completed a business year to claim a fairer claim than that. Shoaib Javed Hussain, Chairman and CEO of the state-own company, said that Rs 100 billion tax will be pay for the 2021 period in State Life Insurance.
Speaking to the Committee on Economics and Energy Research (CEEJ), the Cabinet say the Covid-19 proposal will be normalize into the premium insurance scheme after the one-year 2020 contract.
He points out that not only the premium has been increasing but the government-owned insurance companies have also made claims worth Rs. 67 million of his advisors.
- He added that 2021 was the year of recovery, with life insurance premiums increasing by 60 per cent, health insurance by 100 per cent, and insurance companies by 250 per cent.
It is worth mentioning here that General Life Insurance Corporation is the only service provider to the Federal Government in Saihat Sahagat Yojana which includes Rs. 25 billion for KP and Rs. 100 miles in Punjab, AJK and Gilgit-Baltistan.
The state insurance company limits were pay of billions of rupees on fines to beneficiaries or insurers in the financial crisis who did not pay their premiums.
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