Committee Policy (Table-79)
Committee Policy (Table-79)
The Committee Policy is a short-term savings and protection scheme offered by State Life Insurance. Here are the key details of the Committee Policy:
Eligible Ages and Terms:
Minimum Age: 20 years
Maximum Age: 50 years
Terms Available: 3 and 5 years only
Minimum and Maximum Sum Assured:
Minimum Sum Assured: Rs. 75,000
Maximum Sum Assured:
For ages 20 to 40 years: Rs. 400,000
For ages 41 to 45 years: Rs. 300,000
For ages 46 to 50 years: Rs. 150,000
State Life Plans and Features
Main Features:
This policy offers a unique short-term savings and protection solution.
Policyholders can receive a lump sum amount of money at a specified time or in the event of death (God forbid), if it occurs earlier.
The policy is denominated in Pak Rupees, and all premiums and claims will be settled in Pak Rupees.
The policy does not participate in the Actuarial Surplus of State Life.
Premiums are payable on a quarterly basis.
Eligible Proposer:
Only Standard Lives are eligible to own this plan.