Raast QR Insurance Payments have taken a major step forward in Pakistan as JS Bank, in collaboration with KuickPay, enables Raast QR–based insurance premium payments for customers of the State Life Insurance Corporation of Pakistan (SLIC). This landmark initiative supports the Government of Pakistan’s Cashless Pakistan vision and strengthens the country’s digital financial infrastructure.
As Pakistan’s largest life and health insurer, State Life serves millions of policyholders nationwide. The introduction of Raast QR payments modernizes premium collections, making insurance payments faster, more transparent, and easily accessible for customers across the country.
Raast QR Insurance Payments and the Cashless Pakistan Vision
The launch of Raast QR Insurance Payments directly aligns with the vision of Prime Minister Mian Muhammad Shehbaz Sharif to accelerate Pakistan’s transition toward a cashless and digitally enabled economy.
By leveraging Raast, Pakistan’s instant payment system developed under the supervision of the State Bank of Pakistan (SBP), this initiative reduces reliance on cash while improving efficiency in high-volume, recurring payments such as insurance premiums.
How Raast QR Insurance Payments Work for State Life Customers
Through this collaboration, State Life policyholders can now pay their insurance premiums by simply scanning a Raast QR code available on the official State Life website (statelife.com.pk).
Instead of visiting branches or handling physical cash, customers can complete transactions instantly using their mobile banking apps. This digital payment journey improves convenience, reduces processing time, and ensures real-time confirmation of payments.
State Life’s Commitment to Digital Insurance Payments
Commenting on the initiative, Mr. Shoaib Javed Hussain, CEO of State Life Insurance Corporation, emphasized that the adoption of Raast QR Insurance Payments reflects State Life’s commitment to digital empowerment.
According to him, integrating Raast QR enhances customer experience by offering a faster, cashless, and transparent payment method, enabling every Pakistani to secure their future through State Life’s insurance products with greater ease and confidence.
JS Bank’s Role in Scaling Raast QR Insurance Payments
As one of Pakistan’s fastest-growing banks, JS Bank continues to invest in scalable digital payment infrastructure.
Mr. Basir Shamsie, President & CEO of JS Bank, highlighted that facilitating Raast QR Insurance Payments supports both the Cashless Pakistan and Digital Pakistan agendas. By enabling Raast-based payments for recurring insurance collections, JS Bank is helping institutions move away from cash while strengthening the national digital payments ecosystem.
KuickPay Strengthens Financial Inclusion Through Raast QR Insurance Payments
KuickPay, working closely with JS Bank and under SBP’s directives, played a key role in implementing the solution.
Syed Saqib Ali stated that KuickPay aims to streamline premium payments for State Life customers by offering diverse digital payment options. The initiative not only enhances customer convenience but also promotes financial inclusion, ensuring that digital financial services reach a wider segment of Pakistan’s population.
Why Raast QR Insurance Payments Matter for Pakistan
Raast QR Insurance Payments deliver multiple long-term benefits for the financial and insurance sectors:
Customers gain instant, secure, and hassle-free premium payment options.
Insurance companies benefit from efficient, real-time collections and improved transparency.
The economy moves closer to reduced cash dependency and greater digital adoption.
This initiative demonstrates how public and private sector collaboration can accelerate Pakistan’s digital transformation while improving everyday financial experiences for citizens.
A Milestone for Digital Insurance in Pakistan
The enablement of Raast QR Insurance Payments for State Life customers marks a significant milestone in Pakistan’s journey toward a cashless, digitally inclusive economy. Through the combined efforts of JS Bank, KuickPay, and State Life Insurance Corporation, insurance premium payments are now simpler, faster, and more accessible than ever before.
As digital adoption continues to grow, initiatives like this will play a critical role in shaping the future of Pakistan’s financial and insurance ecosystems.