State Life COMMITTEE To Save Money

COMMITTEE POLICY -- TABLE – 79

Eligible ages & Terms:-
Minimum Age   :    20 years
Maximum Age  :    50 years
Terms Available:    3 and 5 years only.

This plan is a unique short term savings and protection scheme through which the policyholder can get a lump sum amount of money at a specified time or on death (God Forbid), if earlier. The policy would be a Pak Rupees policy and hence all premiums and claims would be payable in Pak Rupees. This plan would not participate in the Actuarial Surplus of State Life. The premium paying mode of this plan would be quarterly.

ELIGIBLE PROPOSER:

Only Standard Lives shall be eligible to own the plan.

MINIMUM AND MAXIMUM SUM ASSURED:

The minimum acceptable Sum Assured would be Rs. 75,000. The maximum Sum Assured under the plan will be as follows:

Age at entry (Age nearest birthday)	Maximum Sum Assured Rs.
20 to 40 years	400,000
41 to 45 years	300,000
46 to 50 years	150,000

PREMIUM:

Premium is a level amount payable quarterly. It will be calculated as follows:

Basic Quarterly Premium =                Sum Assured                          

                                          Term of Assurance x 4

SUPPLEMENTARY CONTRACTS:

Term Insurance Rider (TIR) and/or Accidental Death Benefit (ADB) can be attached.

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