Face Of Insurance

SHAD ABAD PLAN TABLE 36

SHADABAD PLAN TABLE 36.

SHADABAD PLAN TABLE 36 this plan will meet the requirements of those who appreciate the basic saving purpose of endowment insurance and the bonuses and terminal bonuses payable. but they would like some additional cover to protect their loved. once in case they die, ALLAH forbids, before maturity.

BENEFITS,

1000 basic endowment with profits sum insured, this will be entitled to all the usual bonuses, and terminal bonuses declared from time to time on endowment with a profit of the same term.

PLUS

on death during the policy term form any cause and additionals single sumassured will be payable in a lump sum.adding this to the endowment amount single sum assured of payable on death the total death benefits will be double sum assured

 PLUS

on death by accident, an additional double sum assured will be payable. adding this to the amount of double sum assured mentioned above total payable on death by accident will be four-time sum assured
On completion of term of policy, sum insured plus bonuses attached to the policy are payable. However, on death during the policy term, the death benefit consists of double of sum insured with accrued bonuses. Incase of death due to accident, the death benefit consists of four times the sum insured plus bonuses. The coverage can be further widened by attaching supplementary covers with the policy. Click here for details of the supplementary covers

Loan:

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. the rate of profit or return and the other terms and conditions will be determined by state life at the time of granting the loan.loans of less then RS will not be given.
the amount of loan together with accrued profit or return will be the first charge on the policy, prior to all other claims.

SURRENDER VALUE;

The policy will acquire a surrender value after it has been in force for at least two consecutive years provided no premiums are in default. The surrender value will be quoted by state life on request of the policyholder. the surrender value is guaranteed to be not less than 30% aggregate premiums.

Claim:

State Life insurance policies provide a wide range of benefits in case of death of the persons covered against them. If your loved one covered under any of State Life has expired, you should lodge a death claim with us. All you have to do is to send a written intimation to the zonal office of State Life servicing the policy against which you are lodging a death claim.

Maturity:

It is a matter of great pleasure that your policy has matured. It is a time to fulfill the goals that you had set years back. For collecting maturity benefits, please send a written request alongwith following documents to your servicing State Life zonal office:

RIDERS THAT CAN BE ADDED.                                                                                                                                         FIB TIR SWP AIB H&S RPR can be aded to a shadabad plan.

AGE10 YEARS15 YEARS20 YEARS25 YEARS
20103.4469.0152.5341.96
21103.5469.1352.6842.16
22103.6469.2652.8442.38
23103.7569.3953.0242.63
24103.8669.5453.2342.90
25103.9969.7053.4543.22
26104.1369.8853.6943.58
27104.2870.0853.9743.97
28104.4470.3054.2944.42
29104.6270.5654.6444.93
30104.8370.8455.0445.51
31105.0571.1555.4946.15
32105.3171.5156.0046.89
33105.6071.9256.5947.71
34105.9272.3857.2548.62
35106.2872.9058.0049.65
36106.7073.4958.8650.77
37107.1774.1859.8252.02
38107.7174.9560.9153.39
39108.3275.8462.1254.89
40109.0276.8463.4856.56
41109.8277.9964.9858.34
42110.7479.3066.6460.30
43111.8080.7668.4562.42
44113.0282.4170.4864.75
45114.3984.2272.6467.26
46115.9686.2375.03-----
47117.7388.4677.63------
48119.7390.8980.45-----
49121.9693.5683.51----
50124.4196.4586.81--------
51127.1199.58----------
52130.03102.96------------------
53133.18106.57-----------------
54136.57110.44---------------------
55140.16114.57--------------------
56143.98---------------------------
57148.04--------------------------------------
58152.32-----------------------------------------
59156.86----------------------------------------
60161.69---------------------------------------
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