Last Updated on July 29, 2025 by Alen
State Life Insurance Corporation of Pakistan is one of the most trusted government-backed institutions offering a wide range of life insurance and savings plans. From individual protection to child education, retirement planning, and investment-linked policies, State Life serves millions of Pakistanis across all income levels.
This comprehensive blog outlines the current State Life Insurance plans available in Pakistan, their features, eligibility, and benefits. Whether you are planning for your family’s future or seeking a secure investment, this guide will help you make an informed choice.
Also Explore: MCB Bank Installment Plan
Why Choose State Life Insurance?
- Backed by the Government of Pakistan
- Affordable premiums tailored for middle-income groups
- Nationwide network of offices and agents
- Transparent policy structure
- Timely claim settlements
- Shariah-compliant options available
State Life ensures financial protection for families, education funds for children, and retirement income for senior citizens. Below is the full list of their latest plans categorized by type.
List of State Life Insurance Plans in 2025
State Life offers insurance plans under the following main categories:
- Individual Life Plans
- Supplementary Covers
- Group Life & Pension Plans
- Bancassurance Products
- Health Insurance & Hospital Cash Benefit
Let’s explore each in detail.
Individual Life Insurance Plans
Whole Life Assurance
A long-term protection plan that provides lifelong coverage and pays a lump sum on the death of the insured. Premiums are affordable and can be paid monthly, quarterly, or annually.
Key Features:
- Life-long coverage
- Fixed premium
- Option to add riders (accident, disability, etc.)
- Cash surrender and loan facilities after 2 years
Endowment Assurance Plan
A savings and protection plan that matures after a fixed term or upon death.
Key Benefits:
- Maturity benefit at the end of term
- Sum assured + bonuses
- Death benefit during term
- Ideal for long-term savings (child marriage, education, etc.)
Shad Abad Assurance
A flexible savings plan designed for individuals who want financial protection and lump-sum savings at maturity.
Ideal For: Individuals aged 20–55
Policy Term: 10 to 25 years
Minimum Sum Assured: PKR 100,000
Anticipated Endowment Plan
This plan offers periodic returns along with full coverage.
Key Points:
- Partial returns every few years
- Full sum assured on maturity
- In case of death, full benefits are still paid
Jeevan Sathi Assurance
A joint life insurance plan for couples. It pays out on the death of either spouse and continues coverage for the surviving partner.
Features:
- Joint life coverage
- One premium for both
- Bonus accumulation
- Convertible into single-life plans if desired
Child Education & Marriage Plans
Child Protection Assurance
Designed for future educational and marriage expenses of children. Policy can be taken by parents with benefits paid to the child at maturity.
Plan Highlights:
- Premium waiver on parent’s death
- Lump sum at maturity
- Optional riders for hospital and accident cover
Child Education Plan
Assures a steady stream of funds during key educational years.
Installment Schedule: Paid during last 5 years of policy
Guaranteed: Income payout even if parent dies before maturity
Pension & Retirement Plans
Retirement Pension Plan
Save gradually and receive a guaranteed income after retirement.
Available Options:
- Lump-sum payout
- Monthly income for lifetime
- Transferable pension to spouse on death
Eligibility Age: 20–55 years
Pension Start Age: 60 years
Bancassurance Plans (Offered via Partner Banks)
State Life has collaborated with various banks to offer insurance plans at the branch level.
Common Plans:
- Term Life with investment
- Endowment via bank auto-debit
- Micro life insurance for lower-income groups
Partner Banks: HBL, UBL, MCB, Askari Bank, Bank Alfalah (varies by region)
Group Life Insurance Plans
Ideal for corporations, factories, NGOs, or any organization wanting to insure their employees.
Group Term Life
Covers employees for a fixed term and pays out on death.
Advantages:
- Low premium
- Large coverage for multiple staff
- Optional rider benefits
- Quick claim processing
Group Pension Plans
Set up retirement income plans for employees through monthly contributions.
Health Insurance & Hospital Cash Plan
Hospital Cash Plan
Provides daily cash benefit in case of hospitalization. Can be added as a rider or purchased as a separate product.
Coverage Ranges: PKR 1,000 to PKR 5,000 per day
Includes: Surgery allowance, ICU benefit, maternity (optional)
Supplementary Benefits (Riders)
You can enhance your base plan with optional riders for added protection:
- Accidental Death Benefit
- Disability Income Rider
- Waiver of Premium Rider
- Hospitalization Rider
- Critical Illness Rider
These riders increase the total payout in case of specific incidents and offer peace of mind for unforeseen events.
State Life Insurance Plan Comparison Table
| Plan Name | Type | Min Sum Assured | Term (Years) | Death Benefit | Maturity Benefit | Premium Payment |
|---|---|---|---|---|---|---|
| Whole Life Assurance | Protection | PKR 50,000 | Lifetime | Yes | No | Monthly/Annual |
| Endowment Assurance | Protection + Saving | PKR 100,000 | 10–30 | Yes | Yes | Monthly/Annual |
| Anticipated Endowment | Saving + Returns | PKR 200,000 | 15–25 | Yes | Partial + Final payout | Quarterly/Annual |
| Child Protection | Education + Security | PKR 150,000 | 10–25 | Yes | Yes | Monthly/Annual |
| Jeevan Sathi | Joint Life | PKR 100,000 | 10–25 | Yes (for both spouses) | Yes (for surviving) | Flexible |
| Retirement Pension Plan | Retirement Income | PKR 100,000 | 15–30 | Yes | Monthly income | Flexible |
| Hospital Cash Benefit | Health Coverage | N/A | 1–10 | No | Daily hospitalization | Annual |
How to Buy a State Life Insurance Policy?
- Visit your nearest State Life Zonal Office
- Contact a registered sales representative
- Provide CNIC, income proof, and two photos
- Select plan type, premium amount, and term
- Undergo a medical test (if required)
- Sign the proposal form and submit the first premium
After submission, the policy document is issued within a few working days. Policyholders can pay premiums through bank transfer, Easypaisa, JazzCash, or directly at branches.
Claims Process
State Life ensures a smooth and transparent claims process:
Required Documents:
- CNIC copy of deceased and claimant
- Original policy document
- Death certificate (in case of death claim)
- FIR or Postmortem (if accidental)
- Hospital discharge slip (if health claim)
Processing time typically ranges from 7–15 working days.
Key Advantages of State Life Insurance
- Strong government backing
- Reliable bonuses on endowment plans
- Affordable for salaried and self-employed individuals
- Urdu language policy documents
- Loan facility against policy after 2 years
- Zero hidden charges
Frequently Asked Questions
Is State Life insurance halal?
Yes, Shariah-compliant options are available for clients who prefer Islamic principles.
Can I cancel my policy?
Yes, there is a free-look period of 14 days. After that, surrender charges may apply.
Can I change my premium later?
Yes, with flexible premium upgrade options, you can increase coverage when income increases.
Are online payments accepted?
Yes, you can pay via digital wallets, bank apps, and even through insurance agents with POS machines.
Conclusion
Whether you are looking to secure your family’s future, plan your retirement, or invest in your child’s education, State Life Insurance offers diverse, affordable, and secure options. With transparent policies, strong service support, and government reliability, State Life remains the go-to choice for millions of Pakistanis in 2025.
