State Life · Table 03
State Life Endowment Plan 2026
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.
- Entry age
- 10–65 years
- Policy term
- 10–55 years
- You pay
- Throughout the term
- Covered for
- The full term you choose
- Online calculator
- Yes — quote below
- Bonus basis
- State Life Endowment rates
- Official page
- statelife.com.pk ↗
How it works
The Endowment Plan, explained plainly
The Endowment (Table-03) is the plan most people mean when they say "State Life policy". You choose a sum assured and a term of 10 to 55 years; you pay premiums through the term; at maturity State Life pays the sum assured plus all the reversionary bonuses attached to the policy, plus any terminal bonus.
If the life assured dies during the term, the same sum assured plus accrued bonuses is paid to the family — which is what turns a savings plan into protection for a goal.
It is a with-profit policy: State Life declares bonuses every year after its actuarial valuation and states that 97.5% of its surplus goes to participating policyholders. Bonus rates are banded by the policy term, so 20-year-plus policies earn the highest declared rates.
What the policy pays
Benefits, as State Life defines them
- On maturity: basic sum assured plus all accrued bonuses.
- On death during the term: basic sum assured plus accrued bonuses to the nominee.
- Participates in State Life's annual bonus declarations (with-profit).
- Premiums payable yearly, half-yearly, quarterly or monthly.
- Surrender value after two years' premiums; policy loan up to 80% of the net surrender value after the third premium.
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) · Guaranteed Insurability · Hospital & Surgical (H&S) · Refund of Premium Rider (RPR)
Paraphrased from State Life's official plan page (checked 2026-08-22). The policy document governs.
✓ Who it suits
- • Salaried savers who want a fixed finish line — a house deposit, a child's degree, retirement capital.
- • Anyone who wants life cover and savings in one premium instead of two products.
- • People who prefer a 20-year horizon: the longest term band carries the highest declared bonus rates.
✗ Who should not buy it
- • Money you may need back within the first few years — early surrender values are low.
- • Anyone looking for a fixed, quoted interest rate: bonuses are declared annually and are not guaranteed.
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.
10-year policy
pay 10 yrs · covered 10 yrs
- Sum assured
- Rs 1,000,000
- + Bonuses, 10 yrs at declared rates
- Rs 505,000
Est. total benefit
Rs 1,505,000
15-year policy
pay 15 yrs · covered 15 yrs
- Sum assured
- Rs 1,000,000
- + Bonuses, 15 yrs at declared rates
- Rs 1,155,000
- + Terminal bonus
- Rs 450,000
Est. total benefit
Rs 2,605,000
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
Verified example rates — State Life's calculator, age 30 male, per Rs 1,000,000 sum assured (fetched 2026-08-17)
| Term | Yearly premium | Monthly premium |
|---|---|---|
| 15 years | PKR 64,550/year | PKR 5,810/month |
| 20 years | PKR 48,020/year | PKR 4,322/month |
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 Endowment Plan premium
Live from State Life's official calculator, preset to the Endowment Plan — enter your age, term and sum assured for the exact premium.
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 Endowment Plan
The endowment structure on the Shariah-compliant track: a fixed sum covered plus declared bonuses from the participants' Takaful fund, alongside a personal investment account.
The Takaful Endowment Plan, explained →Compare
Plans people weigh against it
Table 81
Golden Endowment
Pay premiums for seven years only, stay insured and keep earning bonuses for the full twenty — State Life's limited-pay endowment for people who want a short commitment and a long result.
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 →State Life
Platinum Plus Plan
Three annual premiums, ten years of cover and bonuses State Life declares 50% higher than a standard 10-year endowment — the shortest commitment in the State Life range.
Plan details →Endowment Plan questions
Before you choose the Endowment Plan
How long is a State Life Endowment policy?
You choose the term at the start — anything from 10 to 55 years, as long as the policy matures by age 75. Most of our clients pick 15 or 20 years because the 20-year-and-over band carries State Life's highest declared bonus rates.
What do I get at maturity?
The basic sum assured plus all reversionary bonuses attached over the term, plus a terminal bonus if the policy ran more than ten premium-years. The calculator on this page gives your premium; the illustration section shows what the declared bonus rates would add to a nominal sum assured.
Is the return guaranteed?
The sum assured is guaranteed and, once declared, bonuses vest and are added to the policy. Future bonus rates are not guaranteed — they depend on each year's actuarial valuation. State Life's benefits carry a Government of Pakistan guarantee.
Can I take a loan against the policy?
Yes. After the third premium is paid you can borrow up to 80% of the net surrender value from State Life, at the rate it sets, without cancelling the cover.
Which riders can I add?
Accidental Death Benefit, Term Insurance Rider, Accidental Indemnity, Family Income Benefit, Waiver of Premium, Special Waiver of Premium, Guaranteed Insurability, Hospital & Surgical and Refund of Premium — each priced separately and subject to underwriting.
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 Endowment 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 Endowment 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.