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Statelife Corporation of Pakistan

Save the Future of Your Family with State Life

Established in 1972 we are the nation’s largest financial planning corporation. Our commitment to continuous improvement has contributed to our impressive achievement of maintaining a AAA rating within the industry.

Endowment (Table-03)

Why State Life?
State Life offers complete satisfaction to our valued policyholders from issuance of policy, providing after sales service and optimizing return on Life Fund through a quality culture and to maintain ourselves leading life insurer in Pakistan. The sum assured and declared bonuses payable on maturity or death (God Forbid) are guaranteed by the Government of Pakistan.

What is Endowment Plan (Table 03)?

As the name suggests, the plan is a savings and protection scheme which facilitates the policyholder to pay the premium in a lump sum single payment at the time of inception. The policyholder receives complete sum assured and full-term bonuses ranging from 10 years to 50 years at maturity or earlier death under this plan. The benefit structure is same as Endowment Plan (Table 03).

 
Scenario 1
Policyholder’s age at issue
40
Selected Sum Assured
5,000,000
Term of Policy
20
Annual Premium
251,150
Total Premium payable
5,023,000

Mr. Ahmed is a salaried man working in a private company who plans to save for higher education of kids and retirement. 

At the age of 50 years, he avails loan facility from SLIC (80% of cash value i.e. 3.1 million) when his son plans to move abroad for higher studies. The amount was almost 1.24 million of the total amounts paid for 10 years. He manages to repay the loan at the age of 55 years. 

After 20 years at his retirement, he receives maturity of approx. 17.8 million (almost 4 times of his premium paid) and plans for vacation with his wife after retirement.

Scenario 2
Policyholder’s age at issue
20
Selected Sum Assured
1,000,000
Term of Policy
10
Annual Premium
98,640
Total Premium payable
986,400

Mr. Ali is a young entrepreneur who runs a start-up company from the age of 18 years. He plans to save for the business expansion and to finance his marriage expenses. 

After 5 years, he avails loan facility from SLIC (80% of cash value) to open a new office and to stock-up his inventory to complete a huge order and he receives approx. 3.5 lac. He manages to repay the loan in 2 years. 

At the age of 30 years on the completion of his policy, he decided to get married and receives 1.4 million which is approx. 1.4 million of his total amounts paid in short period of 10 years.

Scenario 3
Policyholder’s age at issue
30
Selected Sum Assured
2,000,000
Term of Policy
20
Annual Premium (ABD, FIB)
106,020
Total Premium payable
2,120,400

Ayesha is a salaried single mother who plans to invest for the better future of her kids and protection of family. 

But unfortunately, she dies in an accident in the 4th year of purchasing her policy. Her kids will receive Accidental Death Benefit (ADB) along with main plan benefits. Also, proportionate amount of sum assured will be paid under Family Income Benefit (FIB) attached with the policy. The total of approx. 4.4 million will be paid to her kids which is 10 times of total amount paid till death. 

Her children will not be financially dependent on anyone and will receive annual income benefit (Rs. 200,000) equal to 10% of the sum assured on each policy anniversary till the remaining tenure of policy. This amount will also be increased by State Life.

Why Buy and what needs does this fulfill?

  • To ensure that your immediate family has some financial support in the event of your demise
  • To finance your children’s education and other needs
  • To have a savings plan for the future so that you have a source of income after retirement
  • To provide for other financial contingencies and life style requirements
  • To create a supplemental source of income for your loved ones
  • To provide life coverage along with an opportunity to build a living for financially secured future

The benefits under the plan can be further increased by attaching supplementary contract.

Explore our Range of Insurance Products

Bring Your Goals to Life

Explore a diverse range of life, health, corporate, group, bancassurance, and takaful plans designed to simplify and streamline your insurance journey. With our commitment to excellence, securing your future has never been more accessible. Discover the perfect policy to protect what matters most.

Why Choose Us?

180M+

Million Pakistani Served

247B+

Client Payment

70%

Market Share

119M+

Policy Holder Bonus

What People Says About Us

Ziyad Kiani

It was a quick and good decision to buy state life insurance from this agent. Feeling so relaxed after having this.

Yasir Baba

Get to know about it and realized it is very important in this era to save our kids future.

Hassan Imtiaz

The guy has given me the deep understanding of few plans, I picked the one that suits me.

Fahad Gul

Interesting communication with hamayu bhai and he gave me the best plan as per my family.

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