SLIC and FFC Launch Game-Changing Insurance Partnership to Strengthen Pakistan’s Agricultural Sector

Islamabad, December 18, 2024 – In a landmark move to transform Pakistan’s agricultural landscape, Fauji Fertilizer Company (FFC) and the State Life Insurance Corporation of Pakistan (SLIC) have joined hands to introduce a ground-breaking micro insurance program. This initiative aims to provide essential financial protection to Pakistan’s farmers while fostering sustainable growth in the agricultural sector.

The event was attended by prominent dignitaries including Mr Mujtaba Ahmed Lodhi, Insurance Commissioner SECP, Lt Gen (R) Anwar Ali Hyder, Chairman of the Board of FFC, Mr. Shoaib Javed Hussain, CEO of SLIC; and Mr. Jahangir Piracha, Managing Director and CEO of FFC, along with senior representatives from both organizations.

Insurance Commissioner SECP, Mr. Mujtaba Ahmed Lodhi, talked about the transformative impact of the initiative.

“This collaboration between FFC and SLIC represents a bold step toward securing our agricultural future. It is not just about financial coverage; it’s about uplifting our farming communities and building resilience at the grassroots level,” he stated.

This innovative partnership leverages FFC’s direct-to-farmer distribution network “Sona Centres” and SLIC’s expertise in insurance solutions to deliver accessible and impactful financial coverage for farmers and their families.

By integrating microinsurance with fertilizer purchases, the initiative simplifies the process, ensuring farmers can benefit from financial security without the burden of additional formalities.

Speaking at the ceremony, Mr. Jahangir Piracha, MD and CEO of FFC, emphasized the company’s commitment to Pakistan’s farming community:

“At FFC, we recognize that our farmers are the backbone of the nation’s economy. This initiative is a testament to our dedication to improving their quality of life and ensuring financial stability in times of unforeseen challenges. By integrating insurance with our Sona Centres, we aim to deliver accessible and impactful solutions to the people who matter most—our farmers.”

The FFC-SLIC micro insurance initiative is set to create a ripple effect across Pakistan’s agricultural sector. It offers peace of mind to farmers and their families while reinforcing the sector’s resilience against challenges.

About Fauji Fertilizer Company (FFC): Established in 1978, FFC is Pakistan’s leading fertilizer manufacturer, committed to driving agricultural growth and empowering farming communities through innovative solutions and sustainable practices.

About State Life Insurance Corporation of Pakistan (SLIC): SLIC is Pakistan’s premier life insurance provider, dedicated to offering inclusive and reliable insurance services that cater to the diverse needs of individuals and communities nationwide.