Karachi, January 12, 2026: JS JS Bank, one of the fastest-growing banks in Pakistan, in partnership with KuickPay, has enabled Raast QR–based insurance premium payments for customers of the State Life Insurance Corporation of Pakistan (SLIC), the country’s largest life and health insurer. This service aligns with the vision of His Excellency, the Prime Minister of Pakistan, Mian Muhammad Shehbaz Sharif, for a Cashless Pakistan, while enhancing the digital payment experience for the country’s largest life and health insurer.
Mr. Shoaib Javed Hussain, CEO of SLIC, added “State Life remains committed to empowering our policyholders through digital adoption. By integrating Raast QR, we are enhancing our customers’ digital journey, providing a faster, cashless, transparent, and highly accessible way for every Pakistani to secure their future and stay protected through State Life’s insurance products.”
Sharing his thoughts on the partnership, Mr. Basir Shamsie, President & CEO of JS Bank, said “JS Bank continues to invest in scalable digital payment infrastructure that enables institutions to transition away from cash. By facilitating Raast QR payments, the initiative supports the Government of Pakistan’s Cashless Pakistan and Digital Pakistan agendas by extending Raast-based payments to high-volume, recurring insurance premium collections.”
Speaking on the occasion, Syed Saqib Ali, added “Kuickpay, in partnership with JS Bank and under the directives of the State Bank of Pakistan (SBP), is committed to driving Pakistan’s digital transformation. Our platform will streamline the payment process and provide diverse digital payment solutions to the consumers of State Life Corporation. Through this initiative, we aim to enhance financial inclusion, improve customer convenience, and contribute to the broader vision of a digitally empowered Pakistan.”
Implemented by JS Bank in collaboration with KuickPay, the solution enables SLIC policyholders to make instant insurance premium payments by scanning a Raast QR code via the SLIC official website, statelife.com.pk.
About State Life Insurance Corporation of Pakistan (SLIC)
Established in 1972, the State Life Insurance Corporation of Pakistan (SLIC) has stood as a symbol of financial stability and reliability. As the country’s largest public sector life and health insurer, it has consistently maintained a AAA rating and remains a trusted institution for millions of Pakistanis. Backed by the Government of Pakistan, SLIC plays a central role in advancing national goals of financial security, social protection, and economic inclusion by providing accessible, reliable, and inclusive life and health insurance solutions to individuals, families, and businesses across Pakistan.
About JS Bank
JS Bank is amongst the fastest-growing Banks in Pakistan, with both a domestic and an international presence. The Bank is a leader in the SME space and has a substantial footprint in Digital Banking and Consumer Loans. JS Bank has been recognized on multiple international and national forums, including the prestigious AsiaMoney, Asian Banking, Finance, DIGI, and Pakistan Banking Awards. JS Bank is part of JS Group, one of Pakistan’s most diversified and progressive financial services groups. For more information, please visit http://www.jsbl.com.