Life Insurance

Life Insurance
The concept of life insurance is relatively straight-forward. Under a life insurance policy, the insurance company pays the insured amount on the death of the person whose life is insured. The benefit can be paid to a nominated beneficiary or to the estate of the deceased.

Most modern day life insurance policies will pay the insured benefit early if a terminal illness is diagnosed and the insured person has less than 12 months to live.

Life insurance premiums are relatively affordable but can become expensive in later years.

State Life Insurance

How to become a Life Insurance Agent?

Dynamic young men and women of minimum 20 years of age holding National Identity Cards, having Matriculation certificate and capable to accept the challenges, can be appointed as Sales Representatives. They have to complete pre-determined performance standards. The candidates can approach the Zonal Offices or the Area Offices/Agency Offices spread over the nooks and corner of the country for selection.

Career Paths/Success Stories of few Marketing Executives

A Sales Representative having two years’ association and having fulfilled the laid down promotion criteria is elevated as Sales Officer. He has to pass in-house courses.

The Sales Officers completing the laid down promotion criteria of Sales Manager are upgraded as Sales Managers.

The field channel is paid basic commission and additional bonuses for quality and consistency. All the three channels are provided group insurance facility and the Sales Officers and Sales managers are allowed limited medical facility and on completion of pre-determined parameters, seating & allied facilities which include the office, office furniture etc.

Training Courses Offered for Marketing Executives

State Life Insurance Corporation of Pakistan provides adequate training to its marketing executives through the ‘Field Manpower Development’ (FMD) Department. There are four Regional Academies, one each in respective region, 26 FMD Centers, one in each zonal office to impart training, seminars and refresher courses to different levels of our marketing force. FMD department offers three courses exclusively for the marketing executives. These courses have been adopted from LIMRA (Life Insurance Marketing and Research Association of USA). They are: