State Life · Table 76
State Life Child Education & Marriage Plan 2026
A payout timed to your child's milestone — age 18, 21 or 25 — that keeps going even if you are not there: premiums are waived on the parent's death and the plan pays in full.
- Entry age
- 20–60 years
- Policy term
- 10–24 years
- You pay
- Throughout the term
- Covered for
- The full term you choose
- Child's age
- 1–15 years
- Online calculator
- Yes — quote below
- Bonus basis
- State Life Endowment rates
- Official page
- statelife.com.pk ↗
How it works
The Child Education & Marriage Plan, explained plainly
The Child Education & Marriage Plan (Table 76) is bought by a parent (aged 20 to 60) on a child aged 1 to 15. You pick the age at which the money should arrive — 18, 21 or 25 — and the term follows, between 10 and 24 years.
At maturity the child receives the sum assured plus all accrued bonuses, as a lump sum or in five equal annual instalments — degree fees, a wedding, or a first business.
If the parent dies during the term, all future premiums are waived and the policy continues with full benefits. With the optional Family Income Benefit, the child also receives an annual income until maturity.
What the policy pays
Benefits, as State Life defines them
- At maturity: sum assured plus accrued bonuses to the child, as a lump sum or five annual instalments.
- On the parent's death: all future premiums waived; the policy stays in force with full benefits.
- Optional Family Income Benefit: a regular annual income to the child until maturity after the parent's death.
- Bonuses at State Life's Endowment rates for the full term.
- Maturity can be timed to the child's 18th, 21st or 25th birthday.
Optional riders: Accidental Death Benefit (ADB) · Term Insurance Rider (TIR) · Accidental Indemnity Benefit (AIB) · Family Income Benefit (FIB) · Waiver of Premium (WP) · Special Waiver of Premium (SWP)
Paraphrased from State Life's official plan page (checked 2026-08-22). The policy document governs.
✓ Who it suits
- • Parents of children under 15 who want a guaranteed fund at a known age.
- • Single-income families — the premium waiver is the feature that matters most.
✗ Who should not buy it
- • Children over 15 or goals under ten years away — the term will not fit.
- • Parents who want to keep the money for themselves; the benefit belongs to the child.
We would rather lose a sale than fit you to the wrong plan.
What it grows to
What Rs 1,000,000 of sum assured illustrates to
Illustration at State Life's officially declared 2025 bonus rates for this plan's category, on a nominal sum assured of Rs 1,000,000. Scale it to your own sum assured; the calculator below gives the premium that buys it.
12-year policy
pay 12 yrs · covered 12 yrs
- Sum assured
- Rs 1,000,000
- + Bonuses, 12 yrs at declared rates
- Rs 665,000
- + Terminal bonus
- Rs 180,000
Est. total benefit
Rs 1,845,000
16-year policy
pay 16 yrs · covered 16 yrs
- Sum assured
- Rs 1,000,000
- + Bonuses, 16 yrs at declared rates
- Rs 1,253,000
- + Terminal bonus
- Rs 540,000
Est. total benefit
Rs 2,793,000
20-year policy
pay 20 yrs · covered 20 yrs
- Sum assured
- Rs 1,000,000
- + Bonuses, 20 yrs at declared rates
- Rs 2,259,000
- + Terminal bonus
- Rs 900,000
Est. total benefit
Rs 4,159,000
Bonuses are declared annually and are not guaranteed; illustrations use the rates at State Life's bonus page (valuation 2025-12-31). See all current bonus rates.
Your exact number
Calculate your Child Education & Marriage Plan premium
Live from State Life's official calculator, preset to the Child Education & Marriage Plan. without Family Income Benefit and with Family Income Benefit are both listed — switch between them in the plan box.
Your estimate appears here
Every figure comes straight from State Life's official premium calculator — we don't make numbers up. Your final premium is confirmed on the policy illustration after underwriting.
Good to know
- • The consultation and our advice are free — you pay only your plan premium.
- • With-profit plans add State Life bonuses on top of the sum assured.
- • We handle the paperwork and stay with you to claims and maturity.
The growth engine
How your money actually grows
Most State Life savings plans are with-profit: each year the corporation values its fund and declares bonuses for participating policyholders — State Life states it distributes 97.5% of its surplus to them. Bonuses attach to your policy and are paid with your sum assured at maturity or with a claim. In 2025, State Life allocated a record PKR 181 billion in profit bonus. Read the numbers →
🕌 Shariah-compliant option
Prefer Takaful? There is a Takaful Child Education & Marriage Plan
Fund a child's education or marriage on the Shariah-compliant track — and if the payer dies, State Life credits the remaining contributions itself so the child's fund still completes.
The Takaful Child Education & Marriage Plan, explained →Compare
Plans people weigh against it
Table 07
Child Protection Plan
A joint policy on parent and child: the sum assured plus bonuses when both reach maturity, premiums waived and an income paid to the child if the parent dies, and a scaled benefit if the child dies.
Plan details →Table 03
Endowment Plan
State Life's classic savings-plus-protection plan: pay for a fixed term, get the sum assured plus every bonus declared along the way — and your family gets the same if you don't make it to maturity.
Plan details →Table 74
Sada Bahar Plan
A savings plan that pays you back along the way: 20% of the sum assured at one-third of the term, another 20% at two-thirds, and 60% plus all bonuses at maturity — with bonus rates 25% above the standard anticipated endowment.
Plan details →Child Education & Marriage Plan questions
Before you choose the Child Education & Marriage Plan
Who is insured — the parent or the child?
The parent is the life assured and the payer; the child is the beneficiary. That is why the plan can waive premiums and keep paying if the parent dies.
What is the difference between the two calculator options?
State Life quotes the plan with and without the Family Income Benefit. With FIB, the child also receives an annual income until maturity if the parent dies — the premium is higher. Toggle between them in the calculator above.
At what age does my child get the money?
You choose 18, 21 or 25 at the start, and the policy term is set accordingly (10 to 24 years). The payout can be a lump sum or five equal annual instalments.
Is this a marriage plan for a daughter?
It is one plan for either purpose — education, marriage or a start in business — and State Life places no condition on how the child uses it.
What bonuses does it earn?
State Life applies its Endowment bonus rates to this plan for the full term; longer terms fall into higher bands.
What is an investment or savings plan?
It is a life-insurance plan that does two jobs at once: it protects your family, and it builds up a savings amount you receive later — on maturity, at retirement, or at a milestone like a child's education. You pay regular premiums and the plan grows over time.
What does your advice cost me?
Nothing. Our consultation is free and we do not charge you a fee. We are paid a standard commission by the insurer when a plan is issued, which is why we will tell you plainly when a plan is not right for you.
Free
Consultation, always — advice costs you nothing
1 day
Maximum response time, Monday to Saturday
AAA
State Life's financial rating — Pakistan's only AAA-rated insurer
1972
State Life serving Pakistan since — state-owned and guaranteed
Why Sidq
Advisors, not salesmen
Advisors, not salesmen
We are not tied to one product. The plan we recommend is the one that fits you, and we will tell you when you do not need cover at all.
Compared across the market
We line plans up side by side — premium, exclusions, waiting periods — so you can see exactly what you are choosing between.
Plain language, no jargon
We explain what is actually covered and what is not, in words you can repeat to your family. No fine print sprung on you later.
We stay for the claim
Selling a policy is the easy part. We handle the paperwork and follow the claim through until it is settled.
Free consultation
Get your Child Education & Marriage Plan illustration
Tell us your age, sum assured and how you'd like to pay — we reply within one business day with State Life's own illustration and a plain-language walkthrough.
Prefer to just ask?
Message us about the Child Education & Marriage Plan on WhatsApp — a real advisor replies, mon–sat · 9am–7pm.
Sidq Advisorsis an independent advisory practice, not State Life's official website. Figures are illustrations per State Life's calculator and declared bonus rates; final terms per State Life's policy documents.