Karachi: JS Bank, in collaboration with KuickPay, has introduced Raast QR-based insurance premium payments for the State Life Insurance Corporation of Pakistan (SLIC). This new service supports the Prime Minister's vision for a cashless society and enhances digital payment methods for the country’s leading insurer.

SLIC, the largest life and health insurance provider in Pakistan, can now offer its customers a more efficient payment system. Policyholders can make instant premium payments by scanning a Raast QR code on the SLIC website. This initiative aims to boost digital adoption and provide a seamless, cashless payment experience.

Shoaib Javed Hussain, CEO of SLIC, expressed commitment to digital transformation, emphasizing that the Raast QR integration enhances customer convenience and accessibility. This development is seen as a step toward securing the future of every Pakistani through State Life's insurance products.

Basir Shamsie, President and CEO of JS Bank, highlighted the bank's investment in digital payment infrastructure. The Raast QR payment facility aligns with the Government of Pakistan's Cashless and Digital Pakistan agendas by facilitating high-volume, recurring insurance premium collections.

Syed Saqib Ali from KuickPay noted the initiative's role in driving digital transformation under the directives of the State Bank of Pakistan. The partnership seeks to streamline payment processes, enhance financial inclusion, and contribute to a digitally empowered Pakistan.