About State Life
Insurance
Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money (the “benefits”) upon the death of the insured person.
Depending on the contract, other events such as terminal illness or critical illness may also trigger payment. The policy holder typically pays a premium, either regularly or as a lump sum.
The advantage for the policy owner is “peace of mind”, in knowing that the death of the insured person will not result in financial hardship for loved ones.
Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; common examples are claims relating to suicide, fraud, war, riot and civil commotion.
Best Service
Insurance Coverage
Whole Life Assurance
It is a unique combination of protection and savings at a very economical premium. Death at any time before age 85 years terminates …
Endowment Assurance
It’s a safest and surest method of guaranteed cash provision either at a specified time or at death (Allah forbid). Under these policies, the sum …
Anticipated Endowment Assurance
This is a modified form of endowment assurance and is also called ‘Three Payment Plan’. Besides fulfilling the long-term financial needs, it …
Jeevan Sathi Assurance
This is a joint life plan and covers lives of two partners say husband and wife simultaneously. Premiums are payable till the end of the specified…
Supplementary Covers
State Life offers a number of supplementary covers to enhance coverage under different plans. These supplementary covers can be attached…
Other Plans
This is a modification of Whole Life Assurance wherein the premiums are payable for selected terms, ranging from 10,15,20,25 & 30 years…