10 Year Bonus State Life Insurance Policy Urdu

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.

10 year bonus state life insurance policy urdu.

A loan can also be availed against the state life insurance policies. It s a safest and surest method of guaranteed cash provision either at a specified time or at death allah forbid. 65 years age maximum on maturity. Whole life assurance.

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. 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. 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. Procedure for maturity claims.

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. Endowment assurance eligible ages minimum age. Great knowledge share 8 240 views. Life insurance companies offer the following types of bonuses.

Unclaimed life insurance maturity benefits. Whole life assurance endowment assurance jeevan sathi assurance. Procedure for death claim. 10 years maximum age.

It is the only saving instrument which covers the life risk. See all our calculators. Sign up for a insurance account. Types of bonuses offered by life insurance companies.

For purchasing a policy any local assistant director postal life insurance could be contacted in pakistan. It is a unique combination of protection and savings at a very economical premium. 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. 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.

Procedure for loan against insurance policy. Death at any time before age 85 years terminates payment of premiums and the sum insured and attached bonuses become payable. Procedure for volunteer policy surrender. Click here for supplementary covers which can be attached with this plan.

Procedure for other claims.