Immediate Annuity (Table-26)
Immediate Annuity (Table-26)
Why State Life
State Life offers complete satisfaction to our valued policyholders from issuance of policy, providing after sales service and optimizing return on Life Fund through a quality culture and to maintain ourselves leading life insurer in Pakistan.
What is Immediate Annuity (Table 26)?
This plan provides a financial security to the annuitant by paying regular payments during the annuitant’s lifetime. The premium will be paid by single premium and the policyholder can elect a guarantee period under the plan. There is no death benefit payable and the plan does not carry any surrender value.
Why Buy and what needs does this fulfill?
- To finance your children’s education and other needs
- To have a savings plan for the future so that you have a source of income after retirement
- To provide for other financial contingencies and life style requirements
State Life Plans and Features
| Plan Features | Description |
| Plan Type | Annuity (Single or Multiple lives) |
| Minimum/Maximum Age at Entry | – |
| Minimum/Maximum term | Life, certain and life, second to die, first to die etc. |
| Bonus participation | Annuity Plan |
| Where are the funds invested | Annuity Plan |
| Death Benefit | No death benefit |
| Surrender/ Early Withdrawal | No Surrender value |
| Maturity Benefit | No Maturity Value |
| Loan Facility | No Loan Value |
| Free-Look Period | The policy can be cancelled at the option of the policyholder within (14) fourteen days of its commencement date. |
| Underwriting Requirements | The plan will be subject to underwriting as per standard practice of State Life |
Premium Rates:
Premium rates for the annuity plans are highly dependent on the prevailing investment conditions. Premium rates are determined on case-to-case basis.
Disclaimers
This product is underwritten by State Life Insurance Corporation of Pakistan. The past performance of State Life Insurance Corporation of Pakistan is not necessarily a guide to future performance. A personalized illustration of benefits will be provided to you by our representative. Please refer to the notes in the illustration for detailed understanding of the various terms and conditions. A description of how the contract works is given in the policy privileges and conditions. This products brochure only gives a general outline of the product features and benefits and the figures used above are indicative and for illustration purposes only.