What is Life Insurance?

Please read this to understand the importance of 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”.

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Life insurance creates a cash value that, if not paid out as a death benefit, can be borrowed or withdrawn on the owner’s request.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.

UN Believable returns

Sate Life Insurance invest its funds in diversified manner that makes it a profitable organization. We have increased our bonuses almost every year. If you are interested in good returns than you can choose endowment plan for Term 20 Years.


The sum insured you select will participate in State Life’s Bonuses. Remember, 97.5% of State Life’s surplus is distributed by law to the policyholder in the form of Bonuses.The Bonuses shown here are declared on the basis of actuarial valuation as at 31st December 2014.

Note: (Term 20 Year Plan)   

1-5 Years of Policy 95% Plus (Of Premium)
6-10 Years of Policy 180% Plus (Of Premium)
11-16 Years of Policy 285% Plus (Of Premium)
17-20 Years of Policy 360% Plus (Of premium)


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.

Best Help At Retirement Age

Life insurance gives insurance in one end and helps you when your are retired, it pay you a lump sum amount that can be enough in old age, Insurance policy is very necessary for businessman or who are lacking   provident fund facility on retirement.

Medical Loan (Interest Free)

The following surgical procedures are covered, provided they were caused by disease and not traumatic injury:

Coronary artery by-pass surgery

Undergoing of open heart surgery to correct narrowing or blocking of two or more coronary arteries with by-pass grafts. Laser treatments and/ or relief’s, balloon angioplasty and/ or any other procedures not necessitating thoracectomy will be excluded.

The coronary by-pass surgery must be a direct result of a diagnosis of definite coronary artery disease by accepted angiography.

Surgery for a disease of the aorta

The actual undergoing of open heart surgery for a disease of the aorta needing excision and surgical replacement of the diseased aorta with a graft. For the purpose of this definition, aorta shall mean the thoracic and abdominal aorta but not its branches.

Replacement of a heart valve

The replacement of one or more heart valves with artificial valves due to stenosis or incompetence, or a combination of these conditions. Valvotomy is specifically excluded.

Major organ transplant 

The actual undergoing of a transplant of a heart, heart and lung, liver, kidney or bone marrow as a recipient.


Any major neuro-surgical procedure on or in the brain, involving craniotomy.

Cancer surgery

Any major surgical procedure which is the direct result of cancer. For this purpose, cancer means a malignant tumor characterized by uncontrolled growth and spread of malignant cells and the invasion of tissue. Malignancy must have been evidenced by medical investigations. Excluded are: (a) non-invasive cancers in situ; (b) any skin cancers other than malignant melanoma; and (c) male prostate cancer if limited to the prostate.


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Contact us

Suit # D-1, 4th Floor, Osif Center, Plot No.B-25, Block 13-A, KDA Scheme No.24, Gulshan-E-Iqbal, Karachi.
Tel: 0213-4983537/ 021-99244266
Mobile: 0321-2423033
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