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State Life Insurance Policies Overview

The document discusses State Life Insurance Corporation of Pakistan, the largest life insurance corporation in Pakistan since 1972. It was founded in 1972 and is owned by the Government of Pakistan. The document outlines 10 different policy types offered by SLIC including endowment assurance, pension schemes, whole life insurance, and health care plans.

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Alee Hulio
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58 views13 pages

State Life Insurance Policies Overview

The document discusses State Life Insurance Corporation of Pakistan, the largest life insurance corporation in Pakistan since 1972. It was founded in 1972 and is owned by the Government of Pakistan. The document outlines 10 different policy types offered by SLIC including endowment assurance, pension schemes, whole life insurance, and health care plans.

Uploaded by

Alee Hulio
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

State Life Insurance Corporation

Of Pakistan

Presented By:

Farwa Muzzaffer
Aqsa Maqbool
Introduction
 State Life Insurance Corporation was
founded in November 1, 1972
 Its owner is the Government of Pakistan
 Headquarter is located in Karachi
 Number of employees are 5,500
 Total assets in 2015 is 572 billion
 SLIC is the largest life insurance
corporation since 1972 in Pakistan
 Endowment Assurance
 Pension Scheme
 Shadabad Assurance
 Child Protection Assurance
 Provident-fund Insurance Scheme
 Whole Life Insurance
 Jeevan Saathi Assurance
 Health Care Plans
 Committee Policy
 Wealth Builder plan
Policies
1. Endowment Assurance:

 It is the safest and surest method of


guaranteed cash provision either at
specified time or at death.
Eligible Ages:
 Minimum age: 10 years
 Maximum age 65 years
2. Pension Scheme:

 State life’s pension scheme is the only


source which provides a steady monthly
income, when other sources of income
stop.
3. Shadabad Assurance:

 In the case of death, this policy provide


double of sum insured with accured
bonuses.

Terms:

 Minimum age: 20 years


 Maximum age: 60 years
4. Child Protection Assurance:

 This is a joint life assurance and covers the


life of child and either of the parents.

5. Provident -fund Insurance Scheme:

 Provident-fund insurance scheme provides


life insurance coverage to the members of
the provident fund scheme of an employee.
6. Whole Life Assurance:

 This plan provides the policyholder and


his/her family with maximum protection at
a minimum cost.

 Age required is 85 years.


7. Jeevan Saathi Assurance:

 This plan simultaneoulsy covers the risk


on the life of both husband or wife.

Eligible Ages:
 Minimum age (Equivalent): 20 years
 Maximum age: 50 years
 Equivalent age (Maximum) on Maturity: 70
years
8. Health care plans:

 This policy provide and promote social and


micro health insurance scheme for the most
deserving population of four districts of
Khyber pakhtunkhuwa.
 Kohat
 Mardan
 Malakand
 Chitral
9. Committee Policy:

 This plan is a unique short term savings


and protection scheme.

Terms:
 Minimum age: 20 years
 Maximum age: 50 years
 Terms available: 3 and 5 years only
10. Wealth Builder Plan:

 This plan is specially designed for


expatriates working in Middle East for
earning better income for their loved once.
 This plan is available in UAE, in US Dollar
and UAE dirhams.
 And in kuwait and Saudi Arabia, in US
Dollars.

 Saving term is 20 years.

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