10 Year Bonus State Life Insurance Policy Urdu

65 years age maximum on maturity.

10 year bonus state life insurance policy urdu.

Life insurance is mainly considered as a saving instrument rather than an investment avenue as it promotes compulsory savings besides protecting the family of the policyholder in the event of unforeseen happening. This bonus was announced in actuarial valuation as at 31st december 2002 in celebration of the 30th anniversary of state life insurance corporation of pakistan. Procedure for loan against insurance policy. See all our calculators.

Procedure for maturity claims. Compound reversionary bonus the calculation is done on the basis of compound interest the yearly bonus is added to the sum assured and the next year s bonus is calculated on the new sum assured amount. Procedure for complaints against. Procedure for death claim.

Types of bonuses offered by life insurance companies. A loan can also be availed against the state life insurance policies. A lapsed policy may be considered for revival by state life upon receipt of evidence free of cost and satisfactory to state life that the life insured is eligible for life insurance. Life insurance companies offer the following types of bonuses.

Whole life assurance. In the event the insured survives to the policy anniversary at age 85 years the policy matures and the sum insured plus bonuses become payable. Whole life assurance endowment assurance jeevan sathi assurance. Great knowledge share 8 240 views.

This gives postal life an enormous advantage over its business rivals and helps to offer a wide range of insurance policies to customers at the lowest premium while ensuring highest bonus on their investment. Depending on the duration of lapse state life may either require a declaration of good health by the life insured his her personal statement or his her full. It is the only saving instrument which covers the life risk. Click here for supplementary covers which can be attached with this plan.

Just pay 30000 thousands and earn 25 lac for everyone state life insurance duration. Procedure for volunteer policy surrender. Procedure for other claims. It is a unique combination of protection and savings at a very economical premium.

It is payable on all with profit pak rupee policies that were in force for the full sum assured as at 31st december 2002 where more than 10 years premiums have been paid. Sign up for a insurance account. Endowment assurance eligible ages minimum age. Death at any time before age 85 years terminates payment of premiums and the sum insured and attached bonuses become payable.

10 years maximum age.