Management and organization of Life Insurance Policies issued by State Life Insurance Corporation of Pakistan.
Rule of thumb.Now when finally the life insurance contract reaches in your hands,apparently it looks if the life insurance adviser's work has finished. This is far away from truth.His work has NOT ended. Infect his real work starts now.
Good news for the policy holders
Well! finally your insurance adviser has completed all the difficult process and the contract is now in your hands.You and he has taken a lot of pain in completing the contract.Now the contract is in your hands.It is a very very important document.You or your loved ones may need it any time.So you it must be kept at a safe place and in safe hands.
These papers are though few yet very important and precious.It is an asset for you and for all of your loved ones.This contract issued by State Life Insurance Corporation of Pakistan is usually known as "POLICY BOND".
What you need to know about your life insurance policy?
Please spend few moments right now to study it.Your time spent now will save you from a lot of troubles which you may have to face in future.
- Name of the life insurance company that issued the policy.
- The Address of the company.
- Policy number.
- Date. when the policy was issued.
- Benefits related with the policy.
- The name and address of the person who asked and advised you get the life insurance cover.
- The type of policy (e.g., term, endowment, whole life, etc.)
- The location of the original life insurance policy.
- When next the payment of premium will be due.
- The date the insurance was started.
- When next the premium will be due.