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.
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