SHAD ABAD ASSURANCE
SHAD ABAD ASSURANCE
Eligible ages:-
Minimum Age: 20 yearsMaximum Age: 60 years
Age (Maximum) on Maturity: 70 years
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 widened by attaching supplementary covers with the policy.
This plan meets the requirements of those who appreciate the basic savings purpose of endowment assurance but also like some additional cover to protect loved ones in case they die, Allah forbid, before maturity.
JEEVAN SATHI ASSURANCE
JEEVAN SATHI ASSURANCE
Eligible ages:-
Minimum Age (Equivalent): 20 years
Maximum Age: 50 years
Equivalent Age (Maximum) on Maturity: 70 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.
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.
CHILD EDUCATION & MARRIAGE ASSURANCE
CHILD EDUCATION & MARRIAGE ASSURANCE
Eligible ages:-
Minimum Age: 20 years
Maximum Age: 60 years
Age (Maximum) on Maturity: 70 years
Maximum Age: 60 years
Age (Maximum) on Maturity: 70 years
Allowable Riders:
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.
- Continue the policy in the same manner as earlier by switching the plan for the benefit of another child.
- Get a refund of all the previous premiums paid till the death of the child or the cash value of the policy, whichever is higher and terminate the contract.
- Continue the policy without naming another child in which case the benefit of Refund of Premium [as provided above under condition (b)] will not be available.
Child Education & Marriage Plan is suited for the parents who are
conscious about the future of their children. The term of the plan is
such that the lump sum benefit becomes payable when the child attains a
predetermined age of 18, 21 or 25 years. These ages may be selected
considering the occasion at which children generally need financial
assistance for higher education, marriage, or setting up business.
Depending upon your individual needs, the plan is available in two
separate versions of with and without built-in family income benefit. In
addition to parent, this plan can also be affected by grandparents,
uncles, aunts or any other person who is paying for the maintenance of
the child.
This policy will acquire a surrender value after it has been inforce for at least two consecutive years provided no premiums are in default. The surrender value will be quoted by State Life on request of the policyholder.
Click here for calculation of premium on your life under this plan.
This policy will acquire a surrender value after it has been inforce for at least two consecutive years provided no premiums are in default. The surrender value will be quoted by State Life on request of the policyholder.
Click here for calculation of premium on your life under this plan.
ENDOWMENT ASSURANCE
ENDOWMENT ASSURANCE
Eligible ages:-
Minimum Age: 10 years
Maximum Age: 65 years
Age (Maximum) on Maturity: Age 75 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.
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.
This policy will acquire a surrender value after it has been inforce for at least two consecutive years provided no premiums are in default. The surrender value will be quoted by State Life on request of the policyholder.
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. Click here for calculation of premium on your life under this plan.
This policy will acquire a surrender value after it has been inforce for at least two consecutive years provided no premiums are in default. The surrender value will be quoted by State Life on request of the policyholder.
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. Click here for calculation of premium on your life under this plan.
Get Your Appointment to Discuss Further:
Please Call +92-334-4334606 & +92-300-9885944
Visit our Office : Office # 13, 6th Floor, Goldmine Plaza, Ichara, Lahore, Pakistan
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