Which policies will be eligible for the benefit?

To be eligible for the benefit, all the following conditions must be fulfilled:
a. It must be With Profits Pakistan Rupee policy. Policies issued under Term Insurance plans, Personal Pension Scheme and Annuity plans are specifically excluded.
b. As on December 31, 2007, the policy must have been in force for full sum assured. If a premium was due in December 2007, and the grace days had not expired on December 31, 2007, then the policy will be considered in force for full sum assured for this purpose if the premium due was paid within the grace period, or advanced by State Life under the APL option.
If the policy was in force on December 31, 2007 under the APL option, it will be counted as being in full force for this purpose. Likewise, a policy loan will not disqualify the policy, provided that the total outstanding loan and other encumbrances were within the surrender value as at December 31, 2007. But the amount of the benefit will be reduced to adjust for the APL or outstanding Cash Loan together with any other encumbrances. Please see question 5 below.
c. As at the date of surgery, the policy must have been continuously in force for at least five complete policy years.
d. The surgery should take place during the period January 1, 2008 to December 31,2008.