RATE BOOKstate life

personnel pension scheme table 71

personnel pension scheme

personal pension
personal pension

personnel pension scheme table 71.is a single premium plan. this plan provides lifetime security and is use full particularly to those who are either self-employed or work in organizations, which do not have pension schemes.

personal pension..
personal pension..

personnel pension scheme.                                                                                                                                                   provides pension guaranteed for 25 years to the policyholder. the pension will be payable yearly in advance, with the first payment due at the beginning of the 8th policy years. the amount of-of the person well depends on the age and sex of the assured.                                                                                                                                          the personnel pension scheme is a without profit plan for the first 6 policy years. it will start participating in state life’s actuarial surplus form the 7th policy year onwards .                                                                                                                 after 6 years, if the policyholder decided to in cash the entire policy instead of opting for the pension, he will receive lump sum amount of double the single premium paid. and the policy will terminate.                                                                                                                                                                                                                after6 years the policyholder can also opt for a combination of pension and encashment of part of the policy. in this case, state life will give a pro rata in cashed value at the end of6 policy years,                                                                                                                                                                                                                     and the rest of the policy will provide a reduced pension, payable from the beginning of the 8th policy year. the proportion of the policy in cash can be 100%,75%,50%or25%. in case of the part in cash, the remaining pension must be at least RS2500 per annum.                                                                                          if the policyholder dies within 6 years of policy issue, the nominee s; of the policyholder

will receive a lump sum amount. the amount payable will depend on the year of death of the policyholder.

FEATURES.                                                                                                                                                                          1- there is no upper age limit. minimum age at entry is 18 years.                                                                             2- the plan will be issued regardless of the life insured’s health.the policyholder will not be required to provide any medical evidence. however, a proof of age will be required either with the proposal or at any time within 6 years.                                                                                                                           3- the minimum single premium for the policy is RS 50000. there is no upper limit to the amount of the policy.                                                                                                                                                                                       4- if the policyholder opts for pension after6th policy year, and dies before the pension has been paid for 25 years, the nominee of the policyholder will continue to receive the pension for the balance of the 25 years. if the policyholder lives beyond 25 years, state life will continue to pay the pension for the rest of the policyholders live.                                                                                                                                           5- if the value of the pension is more then RS36000 per annum, the policyholder can ask for monthly pension instead of yearly pension in advance.                                                                                                              6- under present law neither the increment value after six years nor the pension will be liable to income tax. zakat will be deductible. if the policyholder is liable to pay zaka

t.

AGE NEAREST BIRTHDAY AT ENTERYMALESFEMALES
20 OR LESS21682084
2121842097
2222002109
2322172122
2422352136
2522532151
2622722165
2722912181
2823112197
2923312214
3023522231
3123732249
3223952268
3324172288
3424402308
3524632328
3624862350
3725092372
3825322394
3925562417
4025792441
4126012465
4226242483
4326462514
4426672539
4526882564
4627082589
4727272613
4827452638
4927622661
5027772685
5127922707
5228052728
5328172748
5428282767
5528372784
5628452800
5728522814
5828582827
5928632838
6028682847
6128712855
6228732861
6328752867
64 AND ABOVE28772871

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