What is insurance

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What is insurance

  1. 1. State LifeInsurance Corporation of Pakistan<br />
  2. 2. Our Culture & Responsibilities<br />
  3. 3. One Head of a Large Family<br />Old Scenario<br />All Earning Members Deposit their income with the Head of Family thus creating a Pool<br />
  4. 4. Old Scenario<br />One Head of a Large Family<br />He was the decision maker and caretaker of the whole family<br />
  5. 5. One Head of a Large Family<br />As a Head of family having huge property in his name. keeps strong hold of family matters<br />Old Scenario<br />
  6. 6. One Head of a Large Family<br /> Every one had to obey his decisions <br />Old Scenario<br />
  7. 7. One Head of a Large Family<br />He Managed during Thick & Thin<br />Old Scenario<br />
  8. 8. Often Marriages of children were decided within the Family<br />Old Scenario<br />
  9. 9. Due to Joint Family System Cost of Living was relatively very low<br />Old Scenario<br />
  10. 10. There was one common kitchen with less expenses.<br />Old Scenario<br />
  11. 11. Old Scenario<br />Cost of Education was low as children were studying in common schools<br />
  12. 12. Old Scenario<br />There were no luxury expenses due to simple living standards<br />
  13. 13. Present Scenario<br />Large Joint Families are Splitted into small single units<br />
  14. 14. Present Scenario<br /><ul><li> Mostly there is only one earning member in the family.
  15. 15. He is struggling hard to maintain standard of living.</li></li></ul><li>Present Scenario<br />Cost of living is very high<br />
  16. 16. Present Scenario<br />Cost of education hasincreased manifold<br />
  17. 17. Present Scenario<br />Things used to be considered as luxuries are now necessities of life<br />
  18. 18. Present Scenario<br />Due to all these factors, the Saving is nearly eliminated<br />
  19. 19. Death A Bitter Fact of Life<br />SAKOON KAHEEN BHI MAISSAR NAHEEN HAY INSAN KO JANAZAY WALAY BHI SHANAY BADALTAY REHTAY HAIN<br />
  20. 20. If a person dies having no liability<br />His death is called Physical Death<br />
  21. 21. If a person dies with liabilities <br />His death is called<br /> Economical Death<br />Which is most Dangerous for his family since he was the breadwinner.<br />
  22. 22. Higher Education<br />for Children<br />Assets <br />Building Blocks of the Family Life<br />Practically we can present these facts of life <br />Repayment of Loan<br />Daughters Marriage<br />Clothing<br />Old<br /> Age <br />Livelihood<br />Health <br />&<br />Medicine<br />Food<br />Shelter<br />EARNING<br />CAPABILITY<br />Head<br />Of<br />Family<br />
  23. 23. Higher Education<br />for Children<br />Assets <br />Repayment of Loan<br />Daughters Marriage<br />Clothing<br />Health <br />&<br />Medicine<br />Old<br /> Age <br />Livelihood<br />Food<br />Shelter<br />EARNING <br />CAPABILITY<br />Head<br />Of<br />Family<br />With out this<br />
  24. 24. Higher Education<br />Assets <br />Retirement<br />Children’s Marriage <br />Basic <br />Education<br />Health <br />&<br />Medicine<br />Clothing<br />Shelter<br />Food<br />
  25. 25. Higher Education<br />Assets <br />Children’s Marriage<br />Retirement<br />Clothing<br />Basic <br />Education<br />Health <br />&<br />Medicine<br />Food<br />Shelter<br />EARNING <br />CAPABILITY<br />With out this<br />Head<br />Of<br />Family<br />
  26. 26. Higher Education<br />Assets <br />Children’s Marriage <br />Retirement<br />Basic <br />Education<br />Health <br />&<br />Medicine<br />Clothing<br />Shelter<br />Head<br />of<br />Family<br />Food<br />
  27. 27. Care Taker<br />Every one needs <br />strong <br />care taker <br />who could maintain <br />his future plans <br />for his family<br /> even in his absence.<br />
  28. 28. Higher Education<br />Assets <br />Children’s Marriage <br />Retirement<br />Clothing<br />Basic <br />Education<br />Health <br />&<br />Medicine<br />Food<br />Shelter<br />EARNING <br />CAPABILITY<br />Insurer<br />Head<br />Of<br />Family<br />
  29. 29. Higher Education<br />Assets <br />Children’s Marriage <br />Retirement<br />Clothing<br />Basic <br />Education<br />Health <br />&<br />Medicine<br />Food<br />Shelter<br />Insurer<br />
  30. 30. WhyLife Insuranceis the only substituteto meet the Future Financial Needs ?<br />
  31. 31. Because<br />It Provide’s!<br />
  32. 32. Risk Coverage & Compulsory Saving for Future Needs<br />
  33. 33. Saving for Old Age Livelihood<br />One Ordinary father can support four children, but it takes four extra-ordinary children to support one father!<br />
  34. 34. Cash LoanIn case of Emergency Needs<br />
  35. 35. Saving for Higher Educationof Children<br />
  36. 36. Saving for MarriageOfDaughters<br />
  37. 37. Availability of Funds For Family in case of Loss of income due to Sudden death of Breadwinner.<br />
  38. 38. Life Insurance is not the substitute of life but it is certainly a replacement of lost income.<br />
  39. 39. Solution of Problem<br />State Life offers Wide Range of <br />Plans & Supplementary Contracts<br />
  40. 40. Through WhichYour Family Can GetNot Only The Amount You Have Saved So FarBut Also That Amount WhichYou Want To Save<br />
  41. 41. Endowment Plan<br /> To Provide Financial Assistance for:<br /><ul><li>Establishment or Expansion of Business
  42. 42. Children’s Marriage
  43. 43. Loan Repayment
  44. 44. Hajj or Umrah
  45. 45. Construction of House</li></li></ul><li>Shad Abad Plan<br /><ul><li>This plan will meet the requirements of those who would like some additional cover to protect their loved ones.</li></li></ul><li>Jeevan Sathi Plan<br /><ul><li>This plan simultaneously covers the risk on the life of both Husband & Wife</li></ul>“Or”<br /><ul><li>Two Business Partners to avoid financial losses of the business due to death of one partner.</li></li></ul><li>Three Payment Plan<br /><ul><li>This plan provides option for predetermined, periodic withdrawals during the currency of policy. </li></li></ul><li>Child Education & Marriage Plan<br />Child Education and Marriage Plan provides a viable solution, ensuring Future Financial Protection of the Children<br />
  46. 46. Child Protection Plan<br />Father and Child, both are covered under this plan<br />
  47. 47. Whole Life Plan<br />This plan provides the policyholder and his/her family with maximum protection at a minimum cost.<br />
  48. 48. Monthly Family Budget<br />Just allocate a small portion of your budget for your Future.<br />The proportion depends on your future needs.<br />10%<br />
  49. 49. A Small Allocation Of Funds For<br />Insurance Will Give You<br /> A Huge Protection<br /> And <br />Piece Of Mind.<br />
  50. 50. Our Future is…. <br />Our happy Family. <br />
  51. 51. THANKS!<br />FIELD MAN POWER DEVELOPMENT DEPARTMENT <br />Contact for details:<br />Muhammad Umar: 0323-4073009<br />futuresekure@gmail.com<br />

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