World Bank and IMF objection on State Life transparency
Islamabad: (September 18, 2015) World Bank and International Monetarily Fund (IMF) has posed severe objection on the transparency of State Life Insurance Company
This objection is come on to the screen after repot of SECP, while on the other hand State Life Insurance Corporation condemned with SECP report and said for efficacy of corporation consultant will be hired. Apart from that State Life Insurance Corporation has also showed their performance to World Bank and IMF and convinced them for improvement and better work.
State Life spokesman said that due to incomplete board till November 2014 work of the corporation was delayed which is completed now. All Insurance policies are now being computerized. He also said that we are starting micro finance schemes on fertilizers bags, and we are also doing group insurance of Pakistanis who are going outside for livelihood.