State Life Insurance Policy Table-07: Child Protection Policy
The State Life Insurance Child Protection Policy (Table-07) offered by State Life Insurance Corporation of Pakistan is a comprehensive life insurance plan designed to secure the financial future of children in case of unforeseen circumstances. This policy ensures that parents can safeguard their child’s financial needs, even in the event of the breadwinner’s untimely demise. Below is a detailed overview of this policy, rewritten and refined for clarity and incorporating relevant keywords.
Overview of Child Protection Policy (Table-07)
The Child Protection Policy is an endowment-based life insurance plan with surplus participation. It provides dual protection by covering either the life of the child or one or both parents. The primary aim is to ensure financial stability for children if the family’s primary earner passes away prematurely.
This policy offers annual income benefits, bonuses, and a guaranteed sum assured at maturity or upon death (God forbid). The bonuses and sum assured are backed by the Government of Pakistan, ensuring reliability and security.
Key Features of Child Protection Policy
Plan Type
- Endowment plan with surplus participation.
- 97.5% of surplus distributed as bonuses to policyholders annually.
Eligibility Criteria
- Minimum/Maximum Age at Entry:
- Payor (Parent/Guardian): 20–50 years.
- Child: 1–15 years.
- Minimum/Maximum Term: 10–24 years.
Investment Strategy
State Life tactically invests funds in:
- Government Securities.
- Real Estate Rentals.
- Blue Chip Equities.
- Banks.
These investments ensure stable returns for policyholders over time.
Why Choose State Life’s Child Protection Policy?
State Life Insurance Corporation ensures complete satisfaction through:
- Guaranteed payouts backed by government assurance.
- High bonus participation rates (97.5%).
- Flexible options like loans and add-ons tailored for diverse needs.
- Secure investments in stable assets like government securities and real estate rentals.
This makes it one of Pakistan’s most reliable life insurance plans for securing your child’s future against uncertainties.