1. STATE LIFE
INSURANCE CORPORATION OF PAKISTAN

2. SADABAHAR PLAN TABLE 74

3. GENERAL FEATURES
This plan is a safe instrument for cash provision at the time of need. With this plan, the policyholder can secure greater protection and continued prosperity for the family at an affordable cost.
This plan is suitable for Businessmen and the Parents whose future financial needs matches with Survival benefits dates.

4. GENERAL FEATURES
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.

5. No Restriction of Supplementary Contracts except A.D.B.
GENERAL CONDITIONS
Minimum age at entry 20 Years
Maximum age at entry 60 years
Available Terms 12,15,18,21,
24,27&30 Years
Minimum age at Maturity 32 Years
Maximum age at Maturity 75 years
No Restriction of Supplementary Contracts except A.D.B.

6. SURVIVAL BENEFITS
On completion of one-third of the policy term, 20% of basic sum assured will be payable to the policyholder.
On completion of two-third of the policy term, again 20% of basic sum assured will be payable to the policyholder.
Remaining 60% of the basic sum assured plus accrued bonuses (if any) shall be payable to the policyholder at the end of the policy term.

7. SADABAHAR PLAN TABLE 74 by M. Noshad Siddiqui
Thursday June 03, 2010
SURVIVAL BENEFITS
If the option to withdraw an installment of 20% sum assured at the end of one third or two third of the policy term is not exercised on due date, a special bonus will automatically be added to the policy at the end of six months.
The special bonus together with all unclaimed installments of the sum assured and in addition to regular reversionary bonuses accrued on the policy will be payable at maturity date.
TOT, June , Hyderabad

8. SURVIVAL BENEFITS
As long as the policy remains in force, the policyholder may surrender the unclaimed installment of sum assured together with the related special bonus.
The aggregate cash surrender value of the two shall not be less than the amount of the said unclaimed installment.
This policy will participate in State Life’s surplus. Rate of bonuses other than special bonus, will be 25% higher than those applicable on Table 05 Plan.
Terminal Bonus will not be paid on these policies.

9. DEATH BENEFITS
Basic sum insured plus bonuses (if any) are payable to the nominee on death of the policy holder any time while the policy is in force.
If death occurs as a result of an accident, additional amount equal to basic sum assured subject to maximum of Rs. 4 Million will be payable to policy holder.
The usual maximum ADB Jambo limit of Rs. 4 Million will be applied and ADB premium will be calculated accordingly

10. DEATH BENEFITS
On death of the Policy Holder, full sum assured plus bonuses are payable to the nominee and survival benefit(s) at the end of one third or two third of the policy term already paid to the Policy Holder will not be deducted from the death claim amount.
On death of the assured while the policy is in- force, the special bonus will be payable in addition to (1) Basic Sum Assured (2) Other Reversionary Bonuses accrued on the policy and (3) the amount of any installment left with State Life.

11. PREMIUM CALCULATION
Two Tables of premium rates “A” and “B” are being used for calculation of premium rates as explained.
Policies with sum assured greater than Rs.4 Million
For the purpose of premium calculation, sum assured will be broken into two parts. The first part will be ‘Rs. 4 Million’, and Appendix-a premium rate will be used to calculate premium for this portion of sum assured. The second part will be the ‘excess of sum assured over Rs. 4 Million’ ; premium for this proportion of sum assured will be calculated using Appendix – B premium rates.

12. PREMIUM CALCULATION A: POLICIES WITH SUM ASSURED LESS THAN OR EQUAL TO RS. 4 MILLION
Example:
Age of Policyholder years
Term Policy years
Sum Assured ,000
Appendix–A Premium rate per 1000 S.A
Basic Premium
Pol icy Fee
Total Premium ,678

13. PREMIUM CALCULATION B: POLICIES WITH SUM ASSURED MORE THAN Rs 4 MILLION.
Example
Age of Policy Holder =35 years
Term of Policy =15 years
Sum Assured =Rs 5,000,000/-
Appendix-A Premium Rates =Rs per 1,000 S.A
Appendix-B Premium Rates =Rs per 1,000 S.A
Premium
Rs [( )*(4000)+100]=Rs. 301,220
[(75.03–0.5)x1000]=Rs. 74,530
Total premium=Rs. 375,750

14. SADABAHAR PLAN (TABLE NO, 74) PREMIUM RATES PER 1000 SUM ASSURED
TERM 12 15 18 21 24 27 30
Age 20
91.29
74.10
62.87
54.66
47.95
42.73
93.57
91.33
74.15
62.92
54.73
48.03
42.83
38.70 22
91.38
74.21
62.99
54.81
48.13
42.95
38.85 23
91.43
74.27
63.06
54.89
48.23
43.07
39.01
91.48
74.33
63.13
54.99
48.35
43.22
39.19 25
91.54
74.40
63.22
55.09
48.48
43.38
39.40 26
91.60
74.48
36.31
55.21
48.62
43.57
39.63
91.68
74.57
63.42
55.34
48.79
43.78
39.89 28
91.76
74.66
63.54
55.49
48.97
44.01
40.18 29
91.84
74.77
63.67
55.66
49.19
44.28
40.51
91.94
74.89
63.83
56.85
49.43
44.58
40.87

15. SADABAHAR PLAN(TABLE NO, 74) PREMIUM RATES PER 1000 SUM ASSURED
TERM 12 15 18 21 24 27 30
Age 31
92.05
75.03
64.00
56.06
49.70
44.91
41.26 32
92.18
75.18
64.19
56.31
50.01
45.29
41.70 33
92.32
75.36
64.41
56.59
50.35
45.70
42.19 34
92.48
75.56
64.66
56.90
50.74
46.16
42.71 35
92.66
75.78
64.95
57.26
51.18
46.67
43.29 36
92.86
76.04
65.27
57.67
51.66
47.23
43.91 37
93.09
76.34
65.65
58.12
52.20
47.84
44.59 38
93.36
76.67
66.07
58.63
52.79
48.51
45.33 39
93.66
77.06
66.54
59.20
53.44
49.23
46.13 40
94.01
77.49
67.08
59.83
54.15
50.03
47.00

16. SADABAHAR PLAN(TABLE NO, 74) PREMIUM RATES PER 1000 SUM ASSURED
TERM 12 15 18 21 24 27 30
Age 41
94.41
77.99
67.68
60.52
54.93
50.89
47.93 42
94.87
78.55
68.34
61.28
55.78
51.82
48.94 43
95.39
79.19
69.08
62.12
56.71
52.83
50.03 44
95.98
79.90
69.90
63.03
57.71
53.92
51.20 45
96.65
80.69
70.80
64.03
58.80
55.10
52.46 46
97.40
81.56
71.78
65.11
59.98
56.37 47
98.24
82.52
72.85
66.28
61.25
57.73 48
99.18
83.58
74.01
67.56
62.63
59.20 49
100.21
84.73
75.27
68.93
64.11 50
101.33
85.97
76.64
70.42
65.70

17. SADABAHAR PLAN (TABLE NO, 74) PREMIUM RATES PER 1000 SUM ASSURED
TERM 12 15 18 21 24 27 30
Age 51
102.56
87.32
78.11
72.01
67.40 52
103.88
88.78
79.70
73.72 53
105.31
90.33
81.39
75.55 54
106.83
92.00
83.20
77.49 55
108.45
93.78
85.13 56
110.18
95.67
87.19 57
112.01
97.68
89.36 58
113.95
99.81 59
116.01
102.08 60
118.21
104.49

18. SADABAHAR PLAN(TABLE NO, 74) WITH OUT ADB PREMIUM RATES PER 1000 SUM ASSURED
TERM 12 15 18 21 24 27 30
Age 20
90.54
73.35
62.12
53.91
47.20
41.98
37.82
90.58
73.40
62.17
53.98
47.28
42.08
37.95 22
90.63
73.46
62.24
54.06
47.38
42.20
38.10 23
90.68
73.52
62.31
54.14
47.48
42.32
38.26
90.73
73.58
62.38
54.24
47.60
42.47
38.44 25
90.79
73.65
62.47
54.34
47.73
42.63
38.65 26
90.85
73.73
62.56
54.46
47.87
42.82
38.88
90.93
73.82
62.67
54.59
48.04
43.03
39.14 28
91.01
73.91
62.79
54.74
48.22
43.26
39.43 29
91.09
74.02
62.92
54.91
48.44
43.53
39.76
91.19
74.14
63.08
55.10
48.68
43.83
40.12

19. SADABAHAR PLAN(TABLE NO, 74) WITH OUT ADB PREMIUM RATES PER 1000 SUM ASSURED
TERM 12 15 18 21 24 27 30
Age 31
91.30
74.28
63.25
55.31
48.95
44.16
40.51 32
91.43
74.43
63.44
55.56
49.26
44.54
40.95 33
91.57
74.61
63.66
55.84
49.60
44.95
41.44 34
91.73
74.81
63.91
56.16
49.99
45.41
41.96 35
91.91
75.03
64.20
56.51
50.43
45.92
42.54 36
92.11
75.29
54.52
56.92
50.91
46.48
43.16 37
92.34
75.59
64.90
57.37
51.45
47.09
43.84 38
92.61
75.92
65.35
57.88
52.04
47.76
44.58 39
92.91
76.31
65.79
58.45
52.69
48.48
45.38 40
93.26
76.74
66.33
59.08
53.40
49.28
46.25

20. SADABAHAR PLAN(TABLE NO, 74) WITH OUT ADB PREMIUM RATES PER 1000 SUM ASSURED
TERM 12 15 18 21 24 27 30
Age 41
93.66
77.24
66.93
59.77
54.18
50.14
47.18 42
94.12
77.80
67.59
60.53
55.03
51.07
48.19 43
94.64
78.44
68.33
61.37
55.96
52.08
49.28 44
95.23
79.15
69.15
62.28
56.96
53.17
50.45 45
95.90
79.94
70.05
63.28
58.05
54.35
51.71 46
96.65
80.81
71.03
64.36
59.23
55.62 47
97.49
81.77
72.10
65.53
60.50
56.98 48
98.43
82.83
73.26
66.81
61.88
58.45 49
99.46
83.98
74.52
68.18
63.36 50
100.58
85.22
75.89
69.67
64.95

21. SADABAHAR PLAN (TABLE NO, 74) WITH OUT ADB PREMIUM RATES PER 1000 SUM ASSURED
TERM 12 15 18 21 24 27 30
Age 51
100.81
86.57
77.36
71.26
66.65 52
103.13
88.03
78.95
72.97 53
104.65
89.58
80.64
74.80 54
106.08
91.25
82.45
76.74 55
107.70
93.03
84.38 56
109.43
94.92
64.44 57
111.26
96.93
88.61 58
113.20
99.06 59
115.26
101.33 60
117.46
103.74

22. BONUS RATE FOR TABLE 05 THREE PAYMENT POLICY
Term Of
Policy
First
Five
Years
From
6th To
16th Year
17th Year Onward
20 Years & Over
Rs.35
Rs.69
Rs.100
15th to 19th Year
Rs.25
Rs.59
14th Year& Less
Rs.19
Rs.53
-----

23. BONUS RATE FOR TABLE 74 SADABAHAR POLICY
TERM OF
POLICY
First
Five years
From 6th to
16th Year
From
17th Year
onward
20 Years & above
Rs.44
Rs.86
Rs.100
15th to 19th Year
Rs.31
Rs.74
14th Year & Less
Rs.24
Rs.66
-----

24. SPECIAL REVERSIONARY BONUS
Period
between Survival Benefit due and
maturity date
Special Reversionary Bonus per Rs.1000 of Survival Benefit
20 Years
Rs.3165
09 Year
Rs.1005
18 Years
Rs.2765
08 Years
Rs.845
16 Years
Rs.2350
07 Years
Rs.695
14 Years
Rs.1940
06 Years
Rs.555
12 Years
Rs.1545
05 Years
Rs.420
10 Years
Rs.1175
04 Years
Rs.300

25. thANKS !
Developed By
Moshin Abbas
&
Kashif Hashmi