SALARY SAVING PLAN

Being the largest Life Insurance Company in Pakistan , the State Life Insurance Corpn. has a motive to encourage the saving culture amongst peoples of Pakistan . Saving from the monthly earning and investing in State Life’s Government operated investment schemes is more secured and profitable for the policyholders and their families and also beneficial to the State.

Introduction:

        The State Life Insurance Corporation is now humbly introducing the “Salary Saving Plan ” for the employees of any organization with its easy monthly affordability options and enhanced features for the employees and their families. It is very flexible, systematic, easy to administer and automatic. It provides a very huge risk coverage for the policyholder and his/her family by a very small monthly premium which never effects the personal budget of the individual employee. And it also helps with a very reasonable amount contributed at the time of maturity/retirement of the employee. It is always win win position for our policyholders in case of Maturity or Death. By creating financial peace of mind, it helps the employees to concentrate more effectively and gainfully on their jobs.

Benefits:

• This plan is very flexible, systematic, automatic and easy to administer.
• It mobilizes savings to provide for old age, unforeseen contingencies and family protection after death.
• This plan promotes the habit of saving first and spend afterwards.
• It ensures increased loyalty and cooperation from the employees to the employers.
• The maturity benefits are more lucrative and higher than other investment plans in the market.
• The death cover in an average case is about Rs.10,00,000/- for an individual employee.
• The pension for nominee is also included in this plan.
• That is all at the cost of the employee concerned with easy installments.

The employer will not contribute any thing in this scheme.