Being the largest Life Insurance Company in Pakistan , the State Life Insurance Corpn. has a motive to encourage the saving culture amongst peoples of Pakistan . Saving from the monthly earning and investing in State Life’s Government operated investment schemes is more secured and profitable for the policyholders and their families and also beneficial to the State.
The State Life Insurance Corporation is now humbly introducing the “Salary Saving Plan ” for the employees of any organization with its easy monthly affordability options and enhanced features for the employees and their families. It is very flexible, systematic, easy to administer and automatic. It provides a very huge risk coverage for the policyholder and his/her family by a very small monthly premium which never effects the personal budget of the individual employee. And it also helps with a very reasonable amount contributed at the time of maturity/retirement of the employee. It is always win win position for our policyholders in case of Maturity or Death. By creating financial peace of mind, it helps the employees to concentrate more effectively and gainfully on their jobs.
The employer will not contribute any thing in this scheme.
The Life Insurance Business in Pakistan was nationalized during March 1972. Initially Life Insurance business of 32 Insurance Companies was merged and placed under three Beema Units named “A”, “B” and “C” Beema Units. However, later these Beema Units were merged and effective November 1, 1972 the Management of the Life Insurance Business was consolidated and entrusted to the State Life Insurance Corporation of Pakistan.