State Life Insurance Corporation of Pakistan

03/06/2014

31/05/2014

a.o.a
M SARA (insurance advisor)
M from state life insurance corporation ltd.our company have to introduce different type of insurance like;GROUP INSURANCE,CHILD MERRAIGE,and EDUCATIONAL PLAN..and also introduce saving or .......
For more detailed u may contact us following number

042-37159568
AND U ALSO CAME AT OUR OFFICE
OFFICE NO;18,19SHAN PLAZA ATIF CHOWK SANDA LAHORE

31/05/2014

31/05/2014

30/05/2014

Endowment Life Insurance Plan 03

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 bonus es 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. Due to this privilege this plan is mostly use in Provident Fund Life Insurance and Salary Saving Plan s for the employees of any organization.

30/05/2014

Provident Fund Life Insurance Policy
Description

The main cause of Provident Fund is to provide the financial help to the employees after their retirement from the minimum deduction of his salary every month. But if the employee died before his retirement it will not provide the required financial help to the nominees and they get a very little amount as compare to the amount, which he planed to save for his family. To cover this financial loss due to the death of the employee we are offering our services through our new plan of insurance, which will provide a reasonable cover to the heirs of a deceased employee of your company and also gives a better return at the time of maturity of the policy or on the retirement of the employee.

Rules
The Life Insurance against provident fund is permitted in the Provident Fund Rule 103 H of the Income Tax Ordinance 2000 at the discretion of the employee.

Maturity Benefit

This policy is mostly issued for 20 years term but can be enchased at the time of retirement if the retirement arises before maturity of the policy. The benefit of the policy may be different in various cases but in 20 years the policy pays approximately more then 3.5 times of the sum assured.

Coverage

The employee will get the benefits of the death coverage as noted below,

An amount equal to the sum assured.
Accidental death benefits equal to the Sum Assured (Max 40,00,000).
Family income 15% of the Sum Assured annually up to the Maturity of the policy.
An additional increase in FIB by 25% on FIB taken in the policy, if the policyholder qualifies for healthy life style.
The bonus es announced by State Life Insurance Corporation on yearly basis.
Important

The employer doesn't bother for any cost of premium. It pays from the employee's contribution.
The premium may link to the yearly profit of the provident fund in the individual account to save the original deducted amount of the employee in the Provident fund account.
The employee can take a policy without investing money from his pocket.
This scheme reinvests the profit amount in Life Insurance Policy so the employee can get more benefit out of it in one year.
If any employee changes his/her job frequently then his/her Provident Fund loses every time when he changes his/her organization but if the policy has taken this investment cannot be destroyed. It may continue from one to another organization from PF deduction.
A very little percentage of amount of the total provident fund utilizes in this scheme and get the biggest coverage to the PF account , the other bigger portion of PF amount remains invest as usual. So the real cost of this scheme is near to nothing.
In some organizations the annual profit percentage on Provident fund is blow the State Life Policy profit so in that case the employee get better return of profit with huge Risk Cover by taking this policy on Provident fund account.

For further details, feel free to contact us.

30/05/2014

Salary Saving Plan
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 organization with its easy monthly affordability options and enhanced features for the employees and their families. It is very flexible, systematic, easy to administer and automatic. It provides a very huge risk coverage for the policyholder and his/her family by a very small monthly premium which never effects the personal budget of the individual employee. And it also helps with a very reasonable amount contributed at the time of maturity/retirement of the employee. It is always win win position for our policyholders in case of Maturity or Death. By creating financial peace of mind, it helps the employees to concentrate more effectively and gainfully on their jobs.

Benefits:

This plan is very flexible, systematic, automatic and easy to administer.
It mobilizes savings to provide for old age, unforeseen contingencies and family protection after death.
This plan promotes the habit of saving first and spend afterwards.
It ensures increased loyalty and cooperation from the employees to the employers.
The maturity benefits are more lucrative and higher than other investment plans in the market.
The death cover in an average case is about Rs.10,00,000/- for an individual employee.
The pension for nominee is also included in this plan.
That is all at the cost of the employee concerned with easy installments.
The employer will not contribute any thing in this scheme.
For further details, feel free to contact us.

30/05/2014

Shadabad Plan

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 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.

30/05/2014

Children Education and Marriage 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.

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.

30/05/2014

Jeevan Sathi

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.
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.

30/05/2014

Child Protection Policy

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.