Chairperson of State Life appointed after 1.5 year Gap

Karachi (Sunday, November 09, 2014): Ministry of Commerce, National Institute of victims of indifference State Life Insurance Corporation and a half years after the long break has been the appointment of the chairperson.

It is stated to a previous half-year during the corporation’s affairs have been run through temporary measures, though recently a former executive director of the corporation to mix around Nargis has been appointed as the Chairperson of the Corporation .

Sources said that the advertisements for the post of chairman of the company were issued but the government did not have the desired quality candidate.  This was stated that the advertisements for the post of chairman of the company were issued but the government did not have the desired quality candidate.

That is all about  the last one and a half years of ministry to the indifference of the State Life Insurance Corporation faced losses worth billions is still given to the policy holders of the annual bonus is still yet to be announced The corporation even though the policy holders in the middle of the year and was declared a bonus.

Corporation Chairman Shahid Aziz Siddiqui in May 2013 contract at the end of his deposed were the company’s Board of Directors also practically lost and initially only an executive director’s appointment was made possible by the Ministry of Trade was ordered by the corporation stopped all development on a temporary basis in the financial sector and the Ministry of Commerce permit should not be issued without any budget.

It is worth mentioning here that the State Life Insurance Corporation May 2013 the number of national institutions with the best performance, but this year the latest situation is that the corporation fails to meet business goals.

State Life not only decreased the number of new policies introduced policy holders, but their rates of return policies is also ghtadya.

Growing frustration that is already law in promotions and salaries increased stop being plagued by anxiety. That the appointment of a new Chairperson is expected that the policy holders and the corporation’s profits will soon announce the holding of the annual convention will be announced soon.

Sources said that the State Life Insurance Corporation has been closed for multimedia advertising and ad agencies of the National Institutes 4 contract has been terminated. Corporation issues stand out from the public relations department of the State Life Insurance Department, despite repeated contact could not be any responsible afsrdstyab.