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PRESENTATION ABOUT STATE LIFE

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PRESENTATION ABOUT STATE LIFE

  1. 1. 1:-VIDEO OF STATE LIFE ADVERTISEMENT 2:-INSURANCE 3:-BUILDING BLOCKS OF FAMILY LIFE 4:-GERNAL TYPES OF INSURANCE 4:-HISTORY OF STATE LIFE INSURANCE 5:-TYPES OF STATE LIFE INSURANCE POLICYES 6:-GROUP AND PENSION TYPE OF INSURANCE 6:- HOW TO GIVES THE BONUSES 8:- RANKING OF STATE LIFE STAFF 9:-COMMERCIAL BULDINGS OF STATE LIFE INSURANCE COMPANY 10:-VEDIO ABOUT STATE LIFE COMPANY COVERS THE TOPICS IN THE PRESENTATION
  2. 2. A company that provides coverage, it the form of compensation resulting form Loss, damages, injury , treatment , the loss to determine the premium amount DEFINITION OF INSURANCE COMPANY DEFINITION OF INSURANCE 'Insurance' A contract (policy) in which an individual or entity receives financial protection or reimbursement against losses from an insurance company.
  3. 3. INSURED The person, group, or organization whose life or property is covered by an insurance policy. The person, group, or organization whose life or property is covered by an insurance policy. INSURED
  4. 4. HISTORY OF STATE LIFE INSURANCE COMPANY  The state life insurance corporation of Pakistan was establish November 1 ,1972..  The state life head office is located at Karachi The state life is biggest life insurance corporation in Pakistan
  5. 5. TYPES OF STATE LIFE INSURANCE COMPANY  ENDOWMENT ASSURANCE WHOLE LIFE ASSURANCE CHILD EDU & MARRIAGE ASSURANCE JEEVAN SATHI ASSURANCE SHAD ABAD ASSURANCE  COMMITTEE POLICY
  6. 6. Endowment is type of permanent life insurance in which the premium paying period is shorter than whole life insurance and the insurance amount is paid out within a certain period (10-20 yrs) or when the insured reaches a certain age. ENDOWMENT ASSURANCE • Minimum Age:10 years • Maximum Age:65 years • Age (Maximum) on Maturity : Age 75 years Eligible ages
  7. 7. WHOLE LIFE ASSURANCE Eligible ages • Minimum Age:15 years • Maximum Age:60 years • Age (Maximum) on Maturity : Age 90 years A life insurance contract with level premiums that has both an insurance and an investment component. The insurance component pays a stated amount upon death of the insured. The investment component accumulates a cash value that the policyholder can withdraw or borrow against.
  8. 8. Child Education & Marriage Assurance is a plan for the protection of child’s future. It provides a lump sum benefit for the child at the completion of the policy term. On completion of term of the policy, full sum insured together with the accrued bonuses become payable to the policyholder. Minimum Age: 20 years Maximum Age: 60 years Age (Maximum) on Maturity: 70 year CHILDREN EDU & MARRIAGE ASSURANCE Eligible ages
  9. 9. Plan is best suited for those Married couples who want to enjoy insurance coverage for a comparatively lesser premium. Moreover, housewives who are otherwise not insurable can also enjoy the benefits of insurance policy through this plan. This is a joint life plan and covers lives of two partners say Husband and Wife simultaneously. • Minimum Age (Equivalent):20years • Maximum Age:50 years • Equivalent Age (Maximum) on Maturity:70 years JEEVAN SATHI ASSURANCE PLAN Eligible ages:-
  10. 10. Sadabahar is an anticipated endowment type with-profit plan that provides lump sum benefit at certain stages during the premium- paying term or on earlier death. In addition, this plan has a built-in Accidental Death Benefit (ADB) rider so that the policyholder gets an additional sum assured in case of death due to an accident. This policy will participate in State Life's surplus. Rates of bonus applicable will be 25% higher than those on anticipated endowment plan. SADBAHAR ASSURANCE Bonuses
  11. 11.  Committee Policy is exclusive short term saving plan that offers an approximated amount of money at specified time according to terms of policy or on death. The plan is based on Pakistani Rupees and so all payments and claim will be payable in PKR ….. COMMITTEE POLICY
  12. 12.  Provident Fund Insurance Scheme  House Building and Perquisites Insurance Scheme Pay Continuation Scheme Group Endowment insurance Scheme Group Pension Scheme Private Education Group life & Pension Plans
  13. 13. If the life insured commits suicide within thirteen months from the date this policy was signed or within thirteen months from the date this policy was last revived then State Life will only return premiums actually received under this policy Suicide Loans State Life may grant a loan to the policyholder on his/her written request, against the net surrender value of the policy. The amount of loan shall not exceed 80% of the said net surrender value State Life at the time of granting the loan. Loans of less than Rs.100/- will not be given.
  14. 14. Terminal bonus is available for all with profit Pak Rupee policies in force for the full sum assured, except Anticipated Endowment policies. It is payable only on maturity or earlier death of the life insurer HOW TO GIVES THE BONUSES Terminal Bonus Special Terminal bonus, at present rates, is available for all with profit Pak Rupee policies in force for the full sum assured. It is payable on maturity of the policy Special Terminal Bonus
  15. 15. Period between Survival Benefit due date & maturity date Special Reversionary Bonus per Rs.1000 Survival Benefit Period between Survival Benefit due date and maturity date Special Reversionary Bonus per Rs.1000 Survival Benefit 20 years Rs. 3,165 9 years Rs. 1,005 18 years Rs. 2,765 8 years Rs. 845 16 years Rs. 2,350 7 years Rs. 695 14 years Rs. 1,940 6 years Rs. 555 12 years Rs. 1,545 5 years Rs. 420 10 years Rs. 1,175 4 years Rs. 300
  16. 16. RANKING OF STATE LIFE STAFF
  17. 17. COMERCIAL BUILDINGS OF STATE LIFE
  18. 18. Q1 :- WHEN STATE LIFE IS ESTABLISHRD? A- 1975 B-1976 C-1972 D-1978 E-1979 Q:-2 HEAD OFFICE OF STATE LIFE IN WHICH CITY A:- KARACHI B:-ISLAMABAD C:-LAHORE D:- MULTAN E-RAWALPINDI Q:-3 HOW MANY BUILDING BLOCKS ARE IN FAMILY ARE PRESENTED… A : 7 B-10 C-9 D-12 E- 6 Q:-04 HOW MANY STATE LIFE INSURANCES ARE DISUCSS IN THE PRESENTATION… A -5 B-7 C-6 D-4 E-8 Q05:-HOW MANY EXTRA BONOUS GIVING IN THE SADABHAR ASSURANCE A-22% B- 15% C-30 % D- 25% E-20
  19. 19. Q:-6HOW MUCH STATE LIFE IS GIVING THE LOAN TO POLICYHOLDER A- 75% B-80% C- 60 % D-90% E-50% Q:-7 HOW MANY STAPES IN THE STATE LIFE EMPLOYES FOR PROMOTION SALES REPORTER TO CHAIRMAN ? A-6 B-9 C-8 D-5 E-10 Q08:-HOW MANY BUILDING IN PAKISTAN …… A-50 B-52 C-29 D-23 E-60 Q:-09WHAT IS MINIMUM LIFE OF THE JAVAN SATHI ASSURANCE IS A-18 B-24 C-20 D-25 E-26 Q:-10 WHAT IS THE MINIMUM AGE IN THE ENDOMENT ASSURANCE A-15 B-20 C-18 D-10 E-12
  20. 20. ANSWERS OF THE QUESTIONS Q:1 ….. C,,,1972 Q:2 ….. A,,,KARACHI Q:3 ….. B,,,,10 Q:4 ….. C,,,,6 Q:5 ….. D,,,,25% Q:6 …. B,,,80% Q:7 ….. C,,,8 Q:8 ….. B,,,,52 Q:9 …. C,,,,20 Q:10 …. D,,,,10

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