State life custumer services

State life custumer services State Life Insurance Corporation of Pakistan. Karachi Southern Zone. Jobs Availabale Here. Email: [email protected]

17/11/2013

State Life Insurance Corporation of Pakistan.
Karachi Southern Zone.
Jobs Availabale Here.
Email: [email protected]

23/06/2013

COMMITTEE POLICY TABLE

Eligible ages and Terms:-
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.

ELIGIBLE PROPOSER:
Only Standard Lives shall be eligible to own the plan.

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

Age at entry
(Age nearest birthday) Maximum Sum Assured
Rs.
20 to 40 years 400,000
41 to 45 years 300,000
46 to 50 years 150,000
PREMIUM:
Premium is a level amount payable quarterly. It will be calculated as follows:
Basic Quarterly Premium = Sum Assured
Term of Assurance x 4
SUPPLEMENTARY CONTRACTS:
Term Insurance Rider (TIR) and/or Accidental Death Benefit (ADB) can be attached.

Email: [email protected]

23/06/2013

Sunehri Policy

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 also participates in the surplus of State Life and currently the rate of bonus is Rs 105 per thousand per annum of the adjusted opening cash value.

Death Benefit: If the life insured dies during first two years of policy issue, then the initial basic sum insured will be payable. If the life insured expires in third or later policy years, the death benefit payable will be equal to sum insured applicable to the policy year of death plus adjusted opening cash value.

Maturity Benefit: Policy matures on policy anniversary nearest to age 70 years of the life insured. The maturity benefit equals to cash value of the policy at age 70.

The plan is suitable for individuals who have started their career and expect increase in their income over a certain period of time say a year or two. The increase in premium and sum insured helps them to meet their increased insurance requirement with increase in incomes.

Email: [email protected]

23/06/2013

Shehnai Policy:

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

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 insured and premium from third policy year onward. From the fourth 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 also participates in the surplus of State Life and currently the rate of bonus is Rs 105 per thousand per annum of the adjusted opening cash value.

Maturity Benefit: The policy matures when the child attains age 25 years. At maturity the cash value of the policy is paid to the child. The cash value includes all the bonuses attached with the policy.

Death Benefit: If the life insured dies during term of the policy, premium payments stop and the sum insured applicable to the policy year of death is deferred to be payable when the child attains age of 25. At the time of death of the life insured, the said sum insured is added to the 'adjusted opening cash value' to be called the 'enhanced cash value' and participates in State Life's surplus until it is paid out to the child when he or she attains the age of 25 years. The child will have an option of either collecting the benefit in a lump sum or in five equal annual installments.

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.

Email: [email protected]

23/06/2013

Child Protection Assurance

This is a joint life assurance and covers the lives of child and either of the parents. If the policyholder and the child both survive full term of the policy, sum insured and accrued bonuses become payable. If the policyholder dies before completion of term of the policy the payment of premiums ceases and the child is paid an income of Rs 100/- per thousand sum insured per annum till the completion of the policy term. On completion of policy term, sum insured inclusive of bonuses accrued till the death of the policyholder is paid to the child.

If the child dies (Allah forbid) before maturity of the policy and during lifetime of the policyholder, the death claim payable to the policyholder depends on the age at death of the child.

As the name suggests, the plan is suitable for parents who want to cater future financial needs of their children incase of death of the breadwinner of the family. The plan has a unique feature of providing coverage on the life of child. The coverage of the policy can further be widened by attaching supplementary covers.

23/06/2013

CHILD EDUCATION & MARRIAGE PLAN

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

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, 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.

1) Continue the policy in the same manner as earlier by switching the plan for the benefit of another child.

2) 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.

3) 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.

Email: [email protected]

23/06/2013

JEEVAN SATHI ASSURANCE

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

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.

Email: [email protected]

23/06/2013

SHAD ABAD ASSURANCE

Eligible ages:-
Minimum Age: 20 years
Maximum 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.

Email: [email protected]

Address

Karachi

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