Child Education & Marriage Assurance is a program to safeguard a child’s future. This is a joint-life plan that covers the life of two people, say spouse and husband simultaneously. It is a lump sum amount to the child upon the end of the policy’s term. The premiums are due until the end of the period or until the death of one of the insured individuals if it occurs earlier.

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When the term expires for the insurance policy the full amount of the insured as well as accrued bonus payments are due to the policyholder. The plan offers a wide range of benefits, a summary of the benefits can be found here: Click here for more information on bonuses that are available right now for this plan. In the event of the demise of that first person, the value guaranteed will be paid out by the survivor.

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When the person who purchased the insurance dies (Allah forbid!) before the end of the policy term the family will receive a benefit of Rs 240 per 1,000 amount insured annually is payable to the child up to the expiration date of the policy. Additional premiums under the plan will be canceled however, the insurance protection for the life insurance policy will be maintained.

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Additionally, future premiums under the policy are not charged and the policy is in effect with the full sum insured. The policy continues to participate in the State Life’s surplus and get bonuses. Additionally, it will be a policy to be a part of the profit that is earned by the Corporation. When the policy has been completed, term, the child has two options of receiving the money in a lump amount or in equal five installments.

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If the second person lives beyond the period of the insurance policy, he or will receive the amount insured, along with a bonus, even if the amount insured was paid only once upon death of the original life. Child Education & Marriage Plan is ideal for parents who are concerned about how their child’s future will unfold.

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If both lives live to the duration of the policy the amount insured will be paid together, but only once, in addition to the bonus attached. The policy is that the benefits in the form of lump sums are payable once the child reaches the predetermined age of 18 21, or 25 years old. Other supplementary coverages are available to increase coverage of the policy.

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The age ranges can be determined in light of the date when children typically require financial aid for higher education weddings, getting married, or starting a business. Jeevan Sathi Plan is best suitable for couples who are looking to get insurance coverage at a lower cost. Historical Takaful Aggressive Fund

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According to your individual requirements, The plan is offered in two different versions with and without added family income benefits. Additionally, women who are not insured have the benefit of an insurance policy by taking advantage of this policy. Alongside parents, the plan could also be affected by uncles, grandparents aunts, uncles, or anyone else who pays to support the child.

contact us

Head Office

State Life Insurance Corporation Of Pakistan
Principal Office State Life Building No. 9,
Dr. Ziauddin Ahmed Road, Karachi-75530
PABX No 021-99202800-9 Lines
Toll Free 0800-09099

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