Tuesday, January 15, 2013

Personal Pension Scheme-state Life

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 .
Web Administrator
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 hay
Life 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
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Loading...Personal Pension Scheme is a single premium plan.You pay the premium to State Life   only once when you sign the proposal form.
Loading...Minimum age of entry is 18 years.
Loading... There is NO upper age limit.
Loading... 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.
Loading...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.
Loading...The minimum single premium is PKR.50,000.00.There is No Upper limit.You can deposit as much as you like.
Loading...It is a without profit plan for the first six policy years.
Loading...From the 7th policy year onwards it will start sharing in the State Life's actuarial surplus. 
Loading...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.
There are few more interesting points about this scheme.However,they involve little bit of more technical points which need further discussion.For more details please mail us.
Life insurance    بیمه زند گی  zaroori nahi  بلکه bohat zaroori hay     
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