Statelife Insurance Corporation of Pakistan

Minimum Age : 20 years
Maximum Age : 50 years
Terms Available: 3 and 5 years only.

This plan is a unique short term savings and protection scheme through which the policyholder can get a lump sum amount of money at a specified time or on death (God Forbid), if earlier. The policy would be a Pak Rupees policy and hence all premiums and claims would be payable in Pak Rupees. This plan would not participate in the Actuarial Surplus of State Life. The premium paying mode of this plan would be quarterly.

Only Standard Lives shall be eligible to own the plan.

The minimum acceptable Sum Assured would be Rs. 75,000. The maximum Sum Assured under the plan will be as follows:

Premium is a level amount payable quarterly. It will be calculated as follows:
Basic Quarterly Premium = Sum Assured
Term of Assurance x 4

Minimum Age (Equivalent): 20 years
Maximum Age: 50 years
Equivalent Age (Maximum) on Maturity: 70 years

Allowable Riders: Click here for supplementary covers which can be attached with this plan.

This is a joint life plan and covers lives of two partners say husband and wife simultaneously. Premiums are payable till the end of the specified term or till death of either of the insured persons, if earlier. The plan contains extensive benefits; an overview of which appears as under:

On the death of the first life, the sum insured will be paid to the survivor. Further premiums under the policy will be waived, but the insurance protection of the second life will continue. Also, the policy will continue to participate in profits of the Corporation. On death of the second life, again the sum insured will be paid together with the attaching bonuses. In this event the policy will terminate.

If the second life survives the term of the policy, he or she will be paid sum insured together with the attached bonuses, even though the sum insured has been paid once, on the death of the first life. If both the lives survive the term of the policy, the sum insured will be paid to them jointly, only once, together with the attached bonuses. Different supplementary covers are also available for increasing coverage under the policy. Click here for supplementary covers.

Jeevan Sathi Plan is best suited for those married couples who want to enjoy insurance coverage for a comparatively lesser premium. Moreover, housewives who are otherwise not insurable can also enjoy the benefits of insurance policy through this plan. Click here for calculation of your premium under this plan.

Minimum Age: 20 years
Maximum Age: 60 years
Age (Maximum) on Maturity: 70 years

Click here for supplementary covers which can be attached with this plan.

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. Please click here for the details of bonuses currently available for this plan

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, future premiums under the policy are waived and policy remains in force with full sum insured and continues to participate in State Life's surplus and receive bonuses. Upon the completion of policy term, the child gets two options of either getting the proceeds in a lump sum or in five equal installments.

Minimum Age: 10 years
Maximum Age: 65 years
Age (Maximum) on Maturity: Age 75 years.

Allowable Riders: Click here for supplementary covers which can be attached with this plan.