This bonus was announced in Actuarial Valuation as at 31st December 2002 in celebration of the 30th anniversary of State Life Insurance Corporation of Pakistan. It is payable on all with profit Pak Rupee policies that were in force for the full sum assured as at 31st December 2002, where more than 10 years’ premiums have been paid. This is just a one-time bonus.
In respect of Whole Life and Endowment Assurances, the rate of bonus is Rs.48 per thousand sum assured for each years’ premium paid till 31st December 2002 in excess of 10 years subject to a maximum of Rs.480 per thousand sum assured.
In respect of Anticipated Endowment Assurances, the rate of bonus is Rs.24 per thousand sum assured for each years’ premium paid till 31st December 2002 in excess of 10 years subject to a maximum of Rs.240 per thousand sum assured.
This bonus, if allowed on a policy fulfilling the conditions mentioned above, would also carry a surrender value.
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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