(Savings and protection plan)
State Life Sadabahar is an anticipated endowment type with profits plan that provides a lump sum benefit at certain ages during the premium paying term or an earlier death. In addition, this plan has a built-in Accidental Death benefit (ADB) rider, so that the policy holder gets a cover for an additional sum assured in case of death due to accident. This plan is a safe instrument for cash provision at the time of need. With this plan, the policy holder can secure greater protection and continued prosperity for the family at an affordable cost.
Bank Alfalah Limited in partnership with State Life Insurance Limited offers State Life Sadabahar Plan
The premiums can be made annually, semi-annually, quarterly or monthly.
Given below is a breakdown of the minimum premium contributions that can be made:
For a better understanding in making your selection according to your savings and insurance needs,
you may contact representatives at your nearest Bank Alfalah branch.
The plan is available to all Bank Alfalah Limited customers between 20 years – 60 years of age.
Minimum Term: 12 years
Maximum Term: 30 years
State Life Sadabahar is an anticipated endowment type with-profit plan that provides lump sum benefit at certain stages during the premium-paying term or on earlier death. On completion of 1/3rd of the policy term, 20% of basic sum assured can be taken by the policyholder. Another 20% of the sum assured can be taken on completion of 2/3rd of the policy term and the remaining 60% of basic sum assured plus accrued bonuses (if any) shall be payable at the end of the policy term Premium (Maturity).
Death benefits: Full Sum Assured plus accrued bonuses are payable on death of insured at any time while the policy in force. In addition, if death occurs as a result of an accident, an additional amount equal to one basic sum assured subject to maximum limit.
Claim Form A-5 is to be used where policies stand assigned in favor of the Provident Fund Department.
BS ensures the claimant by
If you cancel your policy within a free look period of 14 days from the date of receipt of the Policy documents, you are entitled for a full refund of premium less any expenses incurred by State Life Insurance Corporation of Pakistan in connection with your medical or clinical examinations
The product is underwritten by State Life Insurance Corporation of Pakistan. It is not guaranteed or insured by Bank Alfalah Limited or its affiliates.