State Life Insurance, Pakistan’s Largest Life & Health Insurer has
partnered with JazzCash, Pakistan’s leading Fintech, to provide premium collection services to State Life
customers directly via mobile wallets.
The agreement was signed between Mr. Shoaib Javed Hussain Chairman of State Life & Mr. Murtaza Ali, Chief
Operating Officer, JazzCash.
This strategic partnership will enable State Life to provide a digitized collection of Premium & Policy Loan
to its customers, as well as payment of digital insurance Policy, through the JazzCash app. Additionally,
State Life plans to launch the State Life mini-program within the JazzCash app, which will offer products like
Health Insurance, Takaful, Individual life, and Group Policy to JazzCash customers. The partnership also
entails setting up a working group to jointly create insurance products catered exclusively to the JazzCash
segment.
Speaking at the signing ceremony, Mr. Shoaib Javed Hussain, Chairman of State Life Insurance, said, “State Life
served the country for the past 50 years to build a legacy of trust & Protection, we are doing in a way to digitize
services for policyholders, the handshake with JazzCash further enhances relation with customers
bringing ease of payment by increased security, convenience & digital protective products.”
Murtaza Ali, Chief Operating Officer, JazzCash said, “Today’s announcement is another step forward in
JazzCash’s vision of digitizing the payment mode in Pakistan. As the largest mobile wallet in the country, we
deem it our principal duty to assist the shift to a cashless economy. This strategic partnership will also allow
16.1 million Monthly Active JazzCash users to perform digital payments for State Life’s services in a more
secure and convenient manner.”
