We have received few inquiries These are very interesting and right now we want to share one of them with you.Thanks.Please also visit NOTES for more clarification .
Our one very enthusiastic visitor from Islamabad,Pakistan called us an hour ago.He was very enthusiastic,and possessed a very analytical mind.We admire his study and keen interest in Life Insurance policies offered by State Life.It confirms that now the Pakistanis understand the importance of life insurance and if the message is loud and clear many of them will like to enjoy the umbrella of life insurance.This should be the spirit.Hats off to him.Please keep asking us.We are only few clicks away from you.
Let us serve you more effectively and efficiently
Life insurance بیمه زند گی zaroori nahi بلکه bohat zaroori hayLife Insurance Analyst
We are grateful to this 30 years old man from Islamabad who asked us to tell about a particular life insurance plan offered by State Life called"Personal Pension Scheme".Right now we will focus our attention on the same plan.
Personal Pension Scheme by Single Premium
Personal Pension Scheme is a single premium plan.You pay the premium to State Life only once when you sign the proposal form.
Minimum age of entry is 18 years.
There is NO upper age limit.
Any one who wishes to get this plan should provide proof of age either
a) at the time of signing the proposal form or
b)within 6 six years from the date of entry.
One very interesting aspect of this plan is that NO medical evidence of "Good health" is required"The proposer need Not to tell State Life that his health is in perfect condition.So we conclude that a man who is ill,or disable or injured can get this plan.
The minimum single premium is PKR.50,000.00.There is No Upper limit.You can deposit as much as you like.
It is a without profit plan for the first six policy years.
From the 7th policy year onwards it will start sharing in the State Life's actuarial surplus.
If the policy holder,after 6 years decides to en cash the policy instead for opting the pension he will receive lump sum amount of double the single premium which he has paid at the time of entry and the the policy will finally terminate.
Life insurance بیمه زند گی zaroori nahi بلکه bohat zaroori hay