Grace period and revival of a lapsed policy_State Life

Life Insurance-Lapsed Policies and  State Life Insurance Corporation of Pakistan
 Why Life Insurance Policy Lapses-State Life-Dangers of a lapsed life insurance policy-State Life-Reinstate your life insurance policy-State Life-Personal Pension Scheme-state Life and now grace period and revival of a lapsed policy state life
 Life insurance بیمه زند گی zaroori nahi بلکه bohat zaroori hay.

We have created this blog with a purpose and a particular mission.We want to educate and create awareness about the importance of life Insurance in our daily life.Here in this blog we discussed different aspects of life insurance in a very friendly environment.English is by no way our mother tongue.We make a lot of mistakes.We do hope that our distinguished visitors do understand this problem and will continue to to patronize us and help us in learning from our mistakes.

We owe our thanks to the all the visitors who regularly and repeatedly visit this blog and ask us different questions.Recently we have received few very interesting questions.In this post we will try to answer those questions and see how State Life Insurance Corporation of Pakistan helps it's clients and  policy holders.
Web Administrator

Reinstate your lapsed policy now

Well Dear Visitor! Your Life Insurance Analyst is again with you.Right now we will chat about a mail which we received from Abbottabad,Pakistan.The sender of the email is 35 years old man.He wants to know more about the "Grace Period"..When it begins?When it ends?If a premium can be be paid within the grace period without any penalty?What State Life will do if the policy holder dies and the premium is NOT paid within the "Grace Period"?
So we see that he has raised a very important question.In this post we will find out right answer to the question,"What is "Grace Period"? according to State Life Insurance Corporation of Pakistan.
GRACE PERIOD
The grace period is of 31days.Hence,the policy holder can pay the premium within 31 days.The grace period starts from the date on which the premium falls due.
If the policy holder dies and the premium is NOT received by State Life Insurance Corporation of Pakistan  within the grace period then the premium will be treated as received and State Life Insurance corporation of Pakistan will honor the contract.
The due premium which was NOT paid before the death of the policy holder with in the grace period will be deducted from the amount payable by State Life to the beneficiary of the policy holder.
If the grace period ends and  due premium is NOT received by State Life, the Policy will lapse unless it is kept inforce under the “Automatic Non-forfeiture” clause of the Policy. The lapse date will be taken as the due date of the premium in default. No.claim whatsoever shall lie against State Life, under a lapsed policy.

Source: http://www.statelife.com.pk/html/terms_conditions.htm#3
This was all about the "GRACE PERIOD"offered by 
State Life Insurance Corporation of Pakistan. 
if a life insurance policy lapses no claim what so ever shall lie against State Life.So we suggest "Never wait for the grace period to begin".
Always pay the premium when it is due. 
Beware of the dangers of a lapsed life insurance policy.

You loose protection and financial security. There is no one to take care of your and your family once you are gone.

 Never let your life insurance policy lapse.
If you need any information or you need any service related with your life insurance policy please feel free to email us.let us serve you more effectively and efficiently.
    Email your uestions   >   statelifeonline@yahoo.com
92-0323-4969112
 Life insurance بیمه زند گی zaroori nahi بلکه bohat zaroori hay.

Get ready to revive your lapsed 

Now

State life Insurance Corporation of Pakistan.

The tested,the trusted and the largest Life Insurance Company of Pakistan.

 

Dangers of a lapsed life insurance policy-State Life

The dangers of a lapsed life insurance policy.Well dear visitor! Our web author is again with you.Right now he wants to discuss another very important topic related with your life insurance policy.When people buy a life insurance plan they are very enthusiastic and dedicated to protect and secure their families.But at some stage of their term they decide not to pay the premiums.This is why their policy remains no more in force and attains the status of a LAPSED POLICY.In today's post we will focus our attention on the potential dangers of a LAPSED LIFE INSURANCE POLICY.

To day our web author and life insurance analyst was smiling.I asked him the reason.He simply drew my attention towards this image.Please keep smiling and have a nice day but do not forget to mail us.We are only few clicks away from you.Thanks.
Web Administrator 

    Email your uestions > statelifeonline@yahoo.com Never let your life insurance policy lapse.Contact us now to learn the secrets to make your life insurance policy more valuable at a very low cost.e.mail us >> statelifeonline@yahoo.com>> We are a call away from you.Call us now 92-03234969112

We have staled this many times before that your life insurance policy is a very valuable asset for you,your family and for all those who depend upon you.When you purchase a life insurance policy in fact you make a very wise decision.You are very enthusiastic to protect and secure your family.Your want to save a lot of funds for your old age.You want that your dreams should come true.However when you do not make payments of your premiums when these are due,the life insurance policy lapses.Now no more protection,no more security is available to you.Your dreams are shattered.You purchased a protection with great enthusiasm and dedication and then you lost it.You loose all the benefits particularly if your policy lapses in the in the first two years of it's terms.Once your policies lapses NO BENEFIT is payable to the beneficiaries if you you are no more in the world.

If your policy lapses you have few more potential dangers.When you will ask for a new life insurance policy you will have to declare your old lapsed policy.If you have such multiple lapsed life insurance policies the insurer may demand higher rates of premiums.In certain cases the insurer may even refuse to insure your life.

If your policy lapses and you again want to have same protection and security,you must REINSTATE it's old status.You will have to approach your insurer.look at your policy bond or insurance contract.There is usually a clause by which a lapsed insurance policy can be reinstated.if there are few conditions you will have to full full those conditions.No insurance company is happy when any life insurance policy lapses.It is a loose loose situation for every one. you loose,your family loose and life insurance company looses a lot.It is unable to deliver protection and security and looses the confidence of its policy holders.Even your reputation is at stake.you are an undesirable,unwanted client.You are a monetary risk.Such lapsed policies spoil the life insurance industry.

Today's tip>>>>>Make sure that you pay the premiums in time.Do not wait for the grace period to begin.

 Never let your life insurance policy lapse.Contact us now to learn the secrets to make your life insurance policy more valuable at a very low cost.

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