Notes

State Life Online:Special Notes
Al-ḥamdu lillāhالحَمْد لله‎) We are gratefull to Allah Almighty The Lord Of All The Worlds.He Exalted taught us the knowledge which we never knew.To Him we bow our heads in thanks for  His showers of blessings which He bestowed upon us without which this blog would have never seen the light  of the day.
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This blog has been online for the last three+ years.
We have made it very clear in the disclaimer that this blog is the personal property of Ikram Ul Haq Mirza,and he is a Certified Life Insurance Representative of the State Life Insurance Corporation of Pakistan.
Web Administrator
We have  created this page specialty to make each and every thing crystal clear.Till date we have written many info based posts.You know too that the blog has been online for the last three plus years.During these three years many changes have occurred. 
Now we want to let you know about those changes.


PERSONAL PENSION SCHEME
State Life-The Special Note

MARKET VALUE ADJUSTMENT will be considered when the policy is issued.

Double of your investment will be paid when the policy completes six years and enters in to the 7th policy year.
(( If policy holder decides to en cash the entire policy))

Pension will be paid for a guaranteed period of 25 years.

If the policy holder dies before 25 years then pension will be paid to the nominees of the policy holder for the balance of 25 years.

If the policy holder lives beyond 25 years then pension will be paid as long as the policy holder lives.


Under present law neither the encashment value after 6 years ,nor the pension will be liable to income tax.

Zakat will be deduct able if the policy holder is liable to pay zakat.



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