ACKNOLEDGEMENT

With the name of ALLAH the Most Beneficial and Merciful. I completed my internship in State Life Insurance Corporation of Pakistan. I am really pleased to have a professional learning experience in one of leading insurance organizations of country. In these eight weeks I worked in different departments and I am truly thankful to all officers and staff who entirely gave assistance to me. I am also grateful to my honorable teachers Sir Arif, Sir Fayaz, and all other teachers who motivated me to work hard and taught me techniques to learn work. The account of acknowledgement will remain incomplete if I do not express my sincere appreciation, indebtedness and gratitude to my parents. They have always been a source of encouragement for me.

EXECUTIVE SUMMARY:
I recently have completed my internship in State Life Insurance Corporation OF Pakistan, Peshawar Zone in which I got training from its different departments. The structure, the fashion of working & the dedication of the employees in SLIC is really commendable. State Life Insurance Corporation OF Pakistan (SLIC) has a solid foundation since 1972 in Pakistan, and main objective is to provide its customers with safe, secure and trustworthy service through wide range of products. In this report I have given a very brief review of Profile of State Life Insurance Corporation OF Pakistan, all the products provided by the SLIC and in this regard I have tried to give all the information of SLIC. Then I have discussed about my learning in entire internship in all departments of State Life Insurance Corporation OF Pakistan. During my internship I worked in Underwriting, Claims and Accounts department and I successfully completed all the task/duties that were assigned to me. I have made it possible to write each and every thing that I have learnt there. I have all my practical efforts in the form of this manuscript thats the asset for my prospect career. Then I have done a detailed Financial Analysis as well as SWOT Analysis. Finally I have given some recommendations about State Life Insurance Corporation OF Pakistan.

Methodology
Methodology means way of collecting the data of report writing. There are two methods to conduct research. First methodology of research is primary data and other is secondary data base research. In this report I have methodology of primary data and secondary data. I worked in Group & Pension (State Life Corporation of Pakistan, Lahore Zone) and about this department so less material was available and I had to collect most of data by discussions with officers.

Primary data:
By meeting/asking questions to different

personal of different departments. Mr.Tariq Munir (Deputy Manager, PHS), Mr. Khawar Majeed (Deputy Manager,(F&A), Mr. Muhammad Yaqoob (Zonal Head, F&A), MR. Shahid Khokhar(Sector Head, Marketing), MR.Sohail Yaseen (Manager P&GS),and many personsof staff cooperate with me and guide me about working procedure of theirconcerned departments. Practically working, carefully watching the working procedure of the organization. Visiting different departments of the organization.

Secondary Data:
Study written material available about State Life

 Study different books of insurance, booklets,

broachers.
Study Annual Report of SLIC

Visiting website of SLIC

Limitations
During my internship training I had face to many problems/limitations which were some times really discourage me to collect the basic and important information to make a strong and very good report on SLIC. Despite of the following limitation I tried my best and honest effort to collect the data and interpreted in this report:Due to lack of time it is very difficult to get all information of departments of SLIC. There were no special arrangements for internees. Thanks to all those officers who guided me and remained cooperative at all the time. Officers had not enough time to regularly help us. Most of staff members who are master of their work but they learnt this by doing in routine but they do not know basic concepts of it because they have no professional knowledge of insurance.

Contents
INSURANCE................................................................................................................................. DEFINTIONS:..................................................................................................................... EVOLUTION OF INSURANCE .................................................................................... HISTORY OF INSURANCE INDUSTRY IN PAKISTAN ..................................... COMPARISON WITH ASIAN COUNTRUES............................................................ STATE LIFE INSURANCE CORPORATION OF PAKISTAN ....................................... LOGOTHEME.................................................................................................................. BRIEFHISTORY.............................................................................................................. COREVALUES.............................................................................................................. MAJOR ACHIEVEMENTS: ........................................................................................... ORGANIZATIONAL STRUCTURE............................................................................. PLACES.............................................................................................................................. PROMOTION:................................................................................................................... PERFORMANCE ANALYSIS................................................................................................. COMPARISON WITH OTHER COMPANIES .................................... INDIVIDUAL PERFORMANCE .................................................................................