Monday, March 16, 2009

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.

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