Latest State Life Insurance Corporation of Pakistan Karachi Jobs 2024

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Career Opportunity at State Life Insurance Corporation of Pakistan

State Life Insurance Corporation of Pakistan is offering an exciting career opportunity for students who have completed their Intermediate or A-Level studies, or hold equivalent qualifications. If you aspire to become a Fellow of the Society of Actuaries (USA) or the Institute of Actuaries (UK), this is your chance to join Pakistan’s largest life and health insurance company. These qualifications are recognized worldwide and are highly prestigious.

Date Posted	25 August, 2024
Job Industry:	Government
Hiring Organization	State Life Insurance Corporation of Pakistan
Jobs Location	Karachi, Sindh
Expected Last Date	24 September, 2024

Available positions under the Actuarial Training Scheme are for

1. Executive Officer.

What State Life Offers

1. Monthly Stipend: Trainees will receive a monthly stipend of Rs. 20,000/- during the two-year training period.
2. Permanent Position: After successfully completing the training (by passing two subjects from the Institute of Actuaries or two exams from the Society of Actuaries), candidates will be offered a permanent position as an Executive Officer. This role comes with a competitive monthly salary and attractive fringe benefits.
3. Career Growth: There are opportunities for rapid career advancement and salary increases with the completion of further actuarial exams.
4. Comprehensive Training: State Life provides a well-structured training program that includes generous study leave and financial support for course and exam fees.

Qualifications and Experience Required for each position at State Life Insurance Corporation of Pakistan:

To apply for the Actuarial Training Scheme at State Life Insurance Corporation of Pakistan, you need to meet the following requirements:

Educational Qualifications:

• You should have passed the Intermediate exam with at least 75% overall marks and at least 80% marks in Mathematics.
• Alternatively, you can apply if you have completed the London/Cambridge G.C.E. (O-level) with at least five subjects, including a pass in English Language or Literature. You should also have two passes at A-Level, with one pass in Mathematics having at least a Grade A (or at least Grade B if it’s Further Mathematics or Higher Mathematics), and the other pass with at least a Grade C.

Age Limit:

• The minimum age to apply is 16 years, and the maximum age is 20 years on the date this advertisement is published.
• For regular induction into the Corporation after obtaining the required qualifications, you must be at least 18 years old.

How to Apply:

• Interested candidates can download the prescribed application form from the State Life website: www.statelife.com.pk. The completed application form, along with two passport-size photographs, a copy of the CNIC, and attested copies of educational certificates, should be sent within 30 days of this advertisement’s publication.
• Only shortlisted candidates will be invited for a written test and interview.

There are six (06) posts available under the Actuarial Training Scheme. State Life is committed to providing equal employment opportunities to women and minorities.

For more information or to apply, please contact:

Divisional Head (HR & Admin)
State Life Insurance Corporation of Pakistan
Principal Office, State Life Building No. 09,
Dr. Ziauddin Ahmed Road, Karachi.

Office Space Rental

For renting office space in State Life buildings, please contact the following numbers:

• 051-9206017
• 053-9260340
• 091-9222000

Latest Job Advertisement of State Life Insurance Corporation of Pakistan Karachi 2024

FAQs – Actuarial Training Scheme at State Life Insurance Corporation of Pakistan

1. What is the State Life Insurance Corporation of Pakistan?
State Life Insurance Corporation of Pakistan is the country’s largest life and health insurance company, offering a range of insurance and investment services. It is a government-owned organization dedicated to providing financial protection and security to its policyholders.

2. What is the Actuarial Training Scheme?
The Actuarial Training Scheme is a career program offered by State Life Insurance Corporation of Pakistan. It aims to train young individuals to become qualified actuaries by supporting them in passing exams from the Society of Actuaries (USA) or the Institute of Actuaries (UK). Successful trainees will be offered permanent positions within the company.

3. What qualifications do I need to apply?
You need to have either:

• Passed the Intermediate exam with at least 75% marks overall and 80% in Mathematics, or
• Completed O-Levels with at least five subjects including English, and two A-Level passes, with at least one in Mathematics (Grade A) and another subject (Grade C).

4. What is the age limit for this training scheme?
The minimum age to apply is 16 years, and the maximum age is 20 years at the time of the advertisement. For regular employment after the training, you must be at least 18 years old.

5. What will I receive during the training period?
During the two-year training period, you will receive a monthly stipend of Rs. 20,000/-.

6. Will I get a job after the training?
Yes, if you successfully complete the training by passing the required actuarial exams, you will be offered a permanent position as an Executive Officer with State Life Insurance Corporation.

7. How can I apply for the Actuarial Training Scheme?
You can download the application form from the State Life website at www.statelife.com.pk. Fill out the form and send it, along with two passport-size photos, a copy of your CNIC, and attested copies of your educational certificates, within 30 days of the advertisement date.

8. How will I know if I am selected for an interview?
Only shortlisted candidates will be contacted for a written test and interview.

9. Are there any specific opportunities for women and minorities?
Yes, State Life Insurance Corporation of Pakistan is committed to providing equal employment opportunities for women, minorities, and other underrepresented groups.

10. How many positions are available in this scheme?
There are six (06) positions available under the Actuarial Training Scheme.

If you are interested in this job opportunity at State Life Insurance Corporation of Pakistan, please make sure to submit your application within 30 days of the advertisement date. Don’t miss this chance to kickstart a rewarding career with Pakistan’s leading life and health insurer.

Good luck!