News & Information about Life Insurance

Endowment Plan is a unique saving and protection scheme through which the Policyholder can get a particular amount of money at a specific time speculated on the basis of his/her future requirements. Endowment Plan is most suitable for people who are farsighted and want to fulfill their future needs. This plan is suitable for entrepreneurs, e.g: Lawyers, Doctors, Engineers, Businessmen and Service-Oriented People, Teachers, newly Married Couples, specially for middle-class people having limited income. For personal and family future needs, funds can be availed for following:
* Income generation after retirement.
* Establishment and expansion of business.
* Children’s education and marriage.
* Purchase of land or construction of house.
* Loan repayments, etc.
Bonuses: Sum assured plus bonuses are payable by State Life on completion of Term of Policy. This amount fulfills the dreams of financial security of the Policyholder and his near and dear ones. It’s a safest and surest method of guaranteed cash provision either at a specified time or at death (Allah forbid). Under these policies, the sum insured plus bonuses are payable at the end of the specified number of years or at death of the life insured if earlier. Premiums are payable for the specified number of years or till death, if earlier. The benefits under the plan can be further increased by attaching supplementary covers. The plan serves the requirements of a family in various shapes by way of financial help at retirement, education of children or provision of capital for business. For more information please contact
Syed Sajid Ali
Sales Executive,
State Life Insurance Corporation of Pakistan
Mob: +92 314 2869060
+92 344 3565667

+92 334 2617907

Shad Abad Plan is an extended form of endowment assurance. The benefits under the policy increase manifold in the event of death of the life insured. On completion of term of policy, sum insured plus bonuses attached to the policy are payable. However, on death during the policy term, the death benefit consists of double of sum insured with accrued bonuses. Incase of death due to accident, the death benefit consists of four times the sum insured plus bonuses. The coverage can be further widen...

Child Education & Marriage Assurance is a plan for the protection of child’s future. It provides a lump sum benefit for the child at the completion of the policy term. On completion of term of the policy, full sum insured together with the accrued bonuses become payable to the policyholder. If the policyholder dies (Allah forbid) before completion of the term, a family income benefit of Rs 240 per 1000 sum insured per annum is paid to the child until the completion of policy term. Further, ...

Sunehri Policy is an innovative life insurance product. It is flexible, secure and meets the challenges of inflation quite economically. Under a special feature of this plan, from third policy year onwards, sum insured under the policy and premium will increase by 6% per annum without providing any evidence of insurability. From the third policy year onward, the policyholder is provided with a statement showing the build up of cash value of the policy and sum insured for the year. The policy ...

Sadabahar is an anticipated endowment type with-profit plan that provides lump sum benefit at certain stages during the premium-paying term or on earlier death. In addition, this plan has a built-in Accidental Death Benefit (ADB) rider so that the policyholder gets an additional sum assured in case of death due to an accident. This plan is a safe instrument for cash provision at the time of need. With this plan, the policyholder can secure greater protection and continued prosperity for the...

Shehnai Policy is an innovative life insurance product. It provides a solution to the problems of many concerned parents who want to save now in order to provide for their children’s higher education, marriage and other expenses when the need arises. The term of the plan is such that the lump sum benefit becomes payable as the child attains the age of 25 years. Shehnai Policy also caters from the ravages of inflation. This is done by the option of automatic increase of 6% per annum in sum i...

Muhafiz Plan provides a substantial sum of money on maturity or earlier death (Allah forbid) of the life insured. On maturity, the policyholder will receive sum insured plus bonuses attached with the policy. However if the life insured dies before completion of term of the policy, basic sum insured plus attached bonuses will be paid to the dependants immediately. In case of death due to accident, the double of the sum insured is paid. In addition, the dependents will also be paid an income of...

Group Endowment Scheme is a unique saving and protection scheme through which the employees of an employer can enjoy insurance protection throughout their service and also get a lump sum cash amount upon their retirement if they survive up to retirement.
What Need Does It Fulfill?
In Pakistan most employers do not operate any pension scheme for their employees although some employers may have a provident fund scheme or a gratuity scheme. The expected benefits at retirement under a typical provi...

Being the largest Life Insurance Company in Pakistan, the State Life Insurance Corpn. has a motive to encourage the saving culture amongst peoples of Pakistan. Saving from the monthly earning and investing in State Life's Government operated investment schemes is more secured and profitable for the policyholders and their families and also beneficial to the State.

Introduction:
The State Life Insurance Corporation is now humbly introducing the "Salary Saving Plan " for the employees of any orga...

There are two major types of life insurance—term and whole life. Whole life is sometimes called permanent life insurance, and it encompasses several subcategories, including traditional whole life, universal life, variable life and variable universal life. In 2003, about 6.4 million individual life insurance policies bought were term and about 7.1 million were whole life. Life insurance products for groups are different from life insurance sold to individuals. The information below focuses ...