What is Life Insurance?
If your family needs you, you need life insurance
”Many financial experts consider life insurance to be the cornerstone of sound financial planning. It can be an important tool in the following situations”.
Life insurance can be termed as an agreement between the policy owner and the insurer, where the insurer for a consideration agrees to pay a sum of money upon the occurrence of the insured individual’s or individual’s death or other event, such as terminal illness, critical illness or maturity of the policy
Replace Income For Dependents
If people depend on your income, life insurance can replace that income for them if you die (God Forbid). The most commonly recognized case of this is parents with young children. However, it can also apply to couples in which the survivor would be financially stricken by the income lost through the death of a partner, and to dependent adults, such as parents, siblings or adult children who continue to rely on you financially
Create A Source Of Savings
Life insurance creates a cash value that, if not paid out as a death benefit, can be borrowed or withdrawn on the owner’s request. Since most people make paying their life insurance policy premiums a high priority, buying a cash-value type policy can create a kind of “forced” savings. Furthermore, the bonuses credited in your account are tax-free.
Create an Inheritance for Your Heirs
Even if you have no other assets to pass to your heirs, you can create an inheritance by buying a life insurance policy and naming them as beneficiaries.
Personal Loan Facility
State life offers loan facility on policies that has been in force for at least 2 years. We give 80% loan of surrender value; you can borrow this loan for any personal or medical need. Medical loan is offer if the policy has been in force for 5 years this loan is interest free.
Medical Loan (Interest Free)
The following surgical procedures are covered, provided they were caused by disease and not traumatic injury:
Insurance provides Security and Safety
Secure Your Financial Future!
The earlier you start, the easier you save money!
Growing your savings is like growing a garden.
This scheme is designed to grow your savings over time so you can meet your medium to long-term investment goals with ease.
Your money is a valuable asset and it should be put to work just as hard as you work to earn it. This way you can be confident about meeting your future financial obligations and goals with ease.
Pakistan's No.1 Insurance Company STATE LIFE INSURANCE CORPORATION OF PAKISTAN is the right choice for all your future needs.
We have the Best INVESTMENT & SAVING PLANS that suits your needs. Just Call now to get your FUTURE SECURED...!!
COMPETITIVE & HIGHLY WANTED INSURANCE PRODUCT HI-PROFILE COVERAGE
. SAVING (Compulsory/Forced)
. PROTECTION (Sum Assured + Bonuses)
. CONSTITUTIONAL GUARANTEE (By Federal Govt U/S 35 LIO-1972)
. ACCIDENTAL COVERAGE (Included All Injuries and Indeminities)
. MAJOR SURJICAL BENEFIT (Intrest Free Loan)
Life Insurance is the best tool to ensure a family’s financial security against life’s uncertainties.
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