The Life Insurance Business in Pakistan was nationalized during March 1972. Initially Life Insurance business of 32 Insurance Companies was merged and placed under three Beema Units named “A”, “B” and “C” Beema Units. However, later these Beema Units were merged and effective November 1, 1972 the Management of the Life Insurance Business was consolidated and entrusted to the State Life Insurance Corporation of Pakistan.

State Life Insurance Corporation of Pakistan is headed by a Chairman and assisted by the Executive Directors appointed by Federal Government. Up to July 2000 the Corporation was run by Board of Directors constituted under Life Insurance (Nationalization) Order 1972. In July 2000, under Insurance Ordinance 2000, the Federal Government reconstituted the Board of Directors of State Life which runs the affair of this Corporation.

The basic structure of the Corporation consists of Seven Regional Offices, Thirty Three Zonal Offices, a few Sub-Zonal Offices, 200 Sector Offices, and a network of 1227 Area Offices across the country for Individual Life Insurance, Four Zonal Offices and 6 Sector Offices with 20 Sector Heads for Group & Pension are involved in the Marketing of Life Insurance Plans policies and products offered by State Life and a Principal Office. The Zonal Offices deal exclusively with Sales and Marketing, Underwriting of Life Insurance Policies and the Policyholder's Services. Regional Offices, each headed by a Regional Chief, supervise business activities of the Zones functioning under them. The Principal Office, based at Karachi, is responsible for corporate activities such as investment, real estate, actuarial, overseas operations, etc.

Major Achievements

The major function of the State Life Insurance Corporation of Pakistan is to carry out Life Insurance Business, Health and Accidental Insurace and Family Takaful Bussines. However, Corporation is also involved in the other related business activities such as investment of policyholders fund in Government securities, Stock market and Real Estate etc. The major achievements of State Life are as under:

• State Life is profitable organization and it paid Rs.16.23 billion as dividend to the Government of Pakistan since its inception in 1972.
• State Life has played very vital role in the economy by providing employment to the people of the country as permanent employees and as part of its marketing force and by investing the huge funds in different sectors of the economy. The Investment Portfolio of State Life as at 31.12.2021 stands at Rs.1,268.04 billion.
• Investment portfolio also includes investment in Real Estate which stands at a book value of Rs.3.619 billion as at 31.12.2021 whereas it fair value is around Rs.64.95 billion in the same period.
• The Paid up Capital increased from Rs.10 million in 1972 to Rs.4.9 billion in 2021.
• The Premium income increased from Rs.0.317 billion in 1972 to 161.788 billion in 2021. Similarly, Investment income including rental income increased from Rs.0.81 billion in 1972 to 109.469 billion in 2021.
• Total statutory fund of State Life stands at Rs.1,268.311 billion in 2021 as against Rs.1.494 billion in 1972.
• State Life is smoothly striving towards its objective of making life insurance available to large section of the society by extending it to common man. As at December, 2021 the total number of policies enforce under individual life were 5.85 million, number of lives covered under group life insurance were 4.78 million  and number of lives covered under health insurance were 105.71 million.

The state life insurance protection Business in Pakistan was nationalized during Walk 1972. At first life insurance protection business of 32 Insurance Agency was blended and put under three Beema Units named "A", "B" and "C" Beema Units. Nonetheless, later these Beema Units were blended and viable November 1, 1972 the Administration of the Life coverage Business was merged and shared with the State Disaster protection Organization of Pakistan.

State Disaster protection Company of Pakistan is going by an Administrator and helped by the Chief Chiefs delegated by National Government. Up to July 2000 the Partnership was controlled by Top managerial staff comprised under Disaster protection (Nationalization) Request 1972. In July 2000, under Protection Mandate 2000, the Central Government reconstituted the Directorate of State Life which runs the issue of this Organization.

The essential design of the Enterprise comprises of Seven Provincial Workplaces, 33 Zonal Workplaces, a couple of Sub-Zonal Workplaces, 200 Area Workplaces, and an organization of 1227 Region Workplaces the nation over for Individual Extra security, Four Zonal Workplaces and 6 Area Workplaces with 20 Area Heads for Gathering and Benefits are engaged with the Promoting of Disaster protection Plans strategies and items presented by State Life and a Central Office. The Zonal Workplaces manage Deals and Showcasing, Guaranteeing of Disaster protection Approaches and the Policyholder's Administrations. Provincial Workplaces, each headed by a Territorial Boss, oversee business exercises of the Zones working under them. The Main Office, based at Karachi, is liable for corporate exercises like venture, land, actuarial, abroad activities, and so on.

Significant Accomplishments
The significant capability of the State Disaster protection Company of Pakistan is to complete Extra security Business, Wellbeing and Unintentional Insurace and Family Takaful Bussines. Nonetheless, Organization is additionally engaged with the other related business exercises, for example, speculation of policyholders store in Government protections, Financial exchange and Land and so on. The significant accomplishments of State Life are as under:

State Life is beneficial association and it delivered Rs.16.23 billion as profit to the Public authority of Pakistan since its commencement in 1972.State Life plays had exceptionally crucial impact in the economy by giving work to individuals of the country as long-lasting representatives and as a feature of its showcasing force and by putting the immense assets in various areas of the economy. The Speculation Arrangement of State Life as at 31.12.2021 stands at Rs.1,268.04 billion.Investment portfolio likewise remembers venture for Land which remains at a book worth of Rs.3.619 billion as at 31.12.2021 though it fair worth is around Rs.64.95 billion in a similar period.The Settled up Capital expanded from Rs.10 million out of 1972 to Rs.4.9 billion in 2021.The Premium pay expanded from Rs.0.317 billion out of 1972 to 161.788 billion of every 2021. Additionally, Speculation pay remembering rental pay expanded from Rs.0.81 billion for 1972 to 109.469 billion in 2021.Total legal asset of State Life remains at Rs.1,268.311 billion out of 2021 as against Rs.1.494 billion in 1972.State Life is flawlessly endeavoring towards its unbiased of making disaster protection accessible to huge part of the general public by extending it to everyday person. As at December, 2021 the absolute number of strategies authorize under individual life were 5.85 million, number of lives covered under bunch life coverage were 4.78 million and number of lives covered under health care coverage were 105.71 million.