Introduction to State Life Insurance Policy Table-03
State Life Insurance Corporation of Pakistan offers a variety of life insurance policies tailored to meet the diverse needs of individuals and families. Among these, Policy Table-03 is one of the most popular plans due to its flexibility and comprehensive coverage options. This policy is designed for individuals seeking long-term financial security and savings while ensuring protection for their loved ones.
Features of State Life Insurance Policy Table-03
The Policy Table-03 provides a combination of life insurance coverage and savings benefits. Below are the key features:
- Flexible Premium Payment Options: Policyholders can choose from monthly, quarterly, semi-annual, or annual premium payment modes.
- Maturity Benefits: At the end of the policy term, the insured receives the sum assured along with bonuses accrued during the policy period.
- Death Benefits: In case of the policyholder’s demise during the term, beneficiaries receive the full sum assured plus any accumulated bonuses.
- Loan Facility: After a certain period, policyholders can avail loans against their policy’s surrender value.
- Bonuses: The plan participates in surplus profits declared by State Life Insurance Corporation, which enhances its value over time.
Eligibility Criteria for Policy Table-03
To qualify for this plan:
- Minimum age at entry: 18 years
- Maximum age at entry: 55 years
- Policy term options range from 10 to 25 years.
Benefits of Choosing Policy Table-03
- Savings and Protection Combined: This plan ensures that your family remains financially secure while allowing you to save systematically over time.
- Tax Benefits: Premiums paid under this policy may be eligible for tax deductions as per government regulations.
- Financial Security for Loved Ones: In case of unforeseen circumstances, your family will have financial support through death benefits.
Why Choose State Life Insurance?
State Life Insurance Corporation is one of Pakistan’s most trusted insurance providers due to its:
- Strong financial stability
- Wide network across Pakistan
- Transparent policies and customer-centric approach