Bonus Rates

Bonus Rate (Home Business)
Bonus Rate ( Foreign Currency)
Specified Major Surgical Benfits

Bonus Rates

State Life offers attractive bonuses that are declared on the basis of Actuarial Valuations. Presently the following types of bonuses are available for different plans subject to the terms and conditions applicable to each. Please click on the links below and find out which bonuses are attachable to your policy.

Reversionary bonus
Special Reversionary bonus
Terminal bonus
Special Terminal bonus
Terminal bonus for (With Profit Tables/Plans) PAID-UP Policies
Thirtieth Anniversary bonus
Millennium bonus
Golden Jubilee bonus
One Time bonus
Loyalty Terminal Bonus

Reversionary Bonus

The present rates of Reversionary Bonus per thousand of sum assured, for all with profit Pak Rupee policies that were in force for the full sum assured as at 31st December 2007, announced as a result of the Actuarial Valuation as at 31st December 2007 are as under:

Special Reversionary Bonus

This bonus is exclusively for Anticipated Endowment Assurance with profit Pak Rupee policies. If the policyholder lets a Survival Benefit remain with State Life, a Special Reversionary Bonus will be added six months after the due date of the Survival Benefit. For policies that were in force for the full sum assured that have Survival benefits falling due in 2008, which the policyholder opts to leave, Special Reversionary bonus will be allowed as follows:

Terminal Bonus

Terminal bonus is available for all with profit Pak Rupee policies in force for the full sum assured, except Anticipated Endowment policies. It is payable only on maturity or earlier death of the life insured in the year 2008 and does not carry any surrender value. A pre-condition for entitlement of this bonus is that more than ten years’ premiums must have been paid against a policy. Presently, the rate of the bonus is Rs.50 per thousand sum assured for each year’s premium paid in excess of 10 years subject to a maximum of Rs.1000 per thousand sum assured.
Please contact your servicing State Life zonal office for other terms and conditions related to this bonus and the details of total bonuses attached to your policy.

Special Terminal Bonus

Special Terminal bonus, at present rates, is available for all with profit Pak Rupee policies in force for the full sum assured. It is payable on maturity of the policy in the year 2008 and does not have any surrender value. It is attached on the policies where Family Income Benefit (FIB) supplementary cover has remained in force for more than 10 years. Currently the rate of special terminal bonus is Rs.10 per thousand basic sum assured for each year in excess of ten years’ that the FIB has been in force, subject to a maximum of Rs.200 per thousand of sum assured.
This bonus is also payable under Child Protection Policy and Child Education & Marriage Plan having built-in FIB.
Please contact your servicing State Life zonal office for other terms and conditions related to this bonus and the details of total bonuses attached to your policy.

Terminal bonus for (With Profit Tables/Plans) PAID-UP Policies

This bonus was announced for the first time in 2005 Actuarial Valuation. This bonus has been retained in 2007 Valuation. It is payable to Paid-up policies (Whole Life and Endowment) terminating by way of death or maturity in 2008. It is attached on the policies where policies have been on the books for more than 10 years. The rate is Rs.50 per thousand Paid-up Sum Assured for each year in excess of 10years subject to a maximum of Rs. 1000 per thousand Paid-up Sum Assured.
This bonus is also payable to Anticipated Endowment paid-up policies terminating by way of death only in 2008.
Please contact your servicing State Life zonal office for other terms and conditions related to this bonus and the details of total bonuses attached to your policy.