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PAC orders audit of State Life Insurance Corporation after insurance fraud comes to light

February 4 , 2019

Photo: State Life Insurance

The Public Accounts Committee has ordered an audit of the State Life Insurance Corporation of Pakistan after it was informed that fake insurance agents have caused a loss of nearly Rs5 billion to the national exchequer.

These agents were registered with the State Life Insurance Corporation of Pakistan, revealed Federal Trade Secretary Younus Dagha.

The agents were paid a commission of nearly Rs5 billion, Dagha informed the Public Accounts Committee on Monday.

Public Accounts Committee Chairperson Shehbaz Sharif has ordered an audit of the company.

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5 Comments

  1. Yameen   February 4, 2019 11:24 pm/ Reply

    What is actual reports of state life chairman

  2. Muhammad Qasim jatoi   February 5, 2019 12:03 am/ Reply

    No fake agents are in state life insurance corporation of Pakistan PAC is lier Make board no fake agent they are sales officers

  3. Nouman   February 5, 2019 5:33 pm/ Reply

    Fake agents. Area manager then wife is sales Manager (while staying in home) then brother is sales Officer (while doing another work) then sales representative is sister (actually staying at home). This is a fact. One new proposal by AM and all channel is dummy and enjoying commission and medical and other facilities at staying home. Further Sector Heads are also useless. By saving these leakages and amount State Life can pay market oriented salaries to their employees.

  4. Saad Anjum   April 10, 2019 5:33 pm/ Reply

    Neither PAC nor the Chairman knows about the State Life Insurance No fraud can be done in the corporation, Their Sales Rep, Sales Officer and Sales Manager earn their commission when they sell Insurance polices. They are not on getting any salary from the Government, Just check the business done first quarter of 2018 in comparison of 2019. They will come to know who wants to mint money out of this.

  5. Saad Anjum   April 10, 2019 5:36 pm/ Reply

    No fake agents we have earned the commission while doing business in the market. If we are the fake / Ghost agents then how fake agents can be promoted to sales managers..


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