State Life · Table 12
State Life Family Pension Plan 2026
A three-payment plan with a family safety net: 25% of the sum assured back at one-third and two-thirds of the term, and a guaranteed ten-year income to the family on top of the lump sum if you die.
- Entry age
- 20–52 years
- Policy term
- 18 or 21 years
- You pay
- Throughout the term
- Covered for
- The full term you choose
- Online calculator
- Yes — quote below
- Bonus basis
- State Life Anticipated Endowment rates
- Official page
- statelife.com.pk ↗
How it works
The Family Pension Plan, explained plainly
The Family Pension Plan (Table-12) is a modified Three Payment Plan for 18 or 21 years, entry ages 20 to 52. Like its parent it lets you withdraw 25% of the sum assured at one-third and two-thirds of the term, with the balance plus bonuses at maturity.
What makes it a pension plan is the death benefit: the family receives the full sum assured plus accrued bonuses and a guaranteed income for ten years, with supplementary benefits depending on surviving children.
If you leave the instalments with State Life, the plan adds deferred term insurance for the un-withdrawn amounts. Bonuses follow the Anticipated Endowment rates.
- Start
You choose the sum assured and term; premiums begin (yearly, half-yearly, quarterly or monthly).
- ⅓ of term
25% of the sum assured is paid to you in cash. Cover for the full sum assured continues.
- ⅔ of term
Another 25% of the sum assured is paid to you.
- Maturity
The remaining 50% of the sum assured plus every bonus declared over the whole term.
What the policy pays
Benefits, as State Life defines them
- Survival benefit: 25% of the sum assured at one-third and two-thirds of the term (optional).
- At maturity: sum assured plus accrued bonuses, less any instalments withdrawn.
- On death: full sum assured plus accrued bonuses, plus a guaranteed ten-year income benefit to the family.
- Additional deferred term insurance when instalments are not withdrawn.
- Bonuses at State Life's Anticipated Endowment rates.
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)
Paraphrased from State Life's official plan page (checked 2026-08-22). The policy document governs.
✓ Who it suits
- • Breadwinners in their 20s to early 50s who want an income stream, not just a lump sum, left behind.
- • Savers who like the three-payment shape but want stronger family protection than the plain Three Payment Plan.
✗ Who should not buy it
- • People wanting a lifetime pension for themselves — that is the Personal Pension Scheme.
- • Entry after 52, or terms other than 18 and 21 years.
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.
18-year policy
pay 18 yrs · covered 18 yrs
- 50% of sum assured at maturity
- Rs 500,000
- Paid to you during the term
- Rs 500,000
- + Bonuses, 18 yrs at declared rates
- Rs 1,088,000
Est. total benefit
Rs 2,088,000
21-year policy
pay 21 yrs · covered 21 yrs
- 50% of sum assured at maturity
- Rs 500,000
- Paid to you during the term
- Rs 500,000
- + Bonuses, 21 yrs at declared rates
- Rs 1,790,000
Est. total benefit
Rs 2,790,000
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 Family Pension Plan premium
Live from State Life's official calculator, preset to the Family Pension 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? Ask for the Tayyab track
State Life's Tayyab Takaful window runs savings, endowment, child and Platinum Plus plans on the Wakala–Waqf model, supervised by its Shariah Advisor. Tell us Takaful matters to you and we advise on that track from the start.
The Takaful plans, explained →Compare
Plans people weigh against it
Table 71
Personal Pension Scheme
Turn a one-time contribution into a pension guaranteed for 25 years and then for life — State Life's answer to "what if I outlive my savings?"
Plan details →Table 05
Three Payment Plan (Anticipated Endowment)
The original money-back plan: 25% of the sum assured at one-third of the term, 25% at two-thirds, and the remaining 50% plus all bonuses at 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 →Family Pension Plan questions
Before you choose the Family Pension Plan
Is this a pension I receive after retirement?
Not in the annuity sense. It is a savings plan with two mid-term cash-outs and a maturity value, whose distinguishing feature is a ten-year income to your family if you die. For a lifetime pension for yourself, see the Personal Pension Scheme.
Do I have to withdraw the 25% instalments?
No. If you leave them, State Life adds deferred term insurance for the un-withdrawn amounts and pays them with the maturity value.
Which bonus rates apply?
State Life's Anticipated Endowment rates, which it lists as applying to the Three Payment and Family Pension plans. The terminal bonus does not apply to this category.
What terms are available?
18 or 21 years, for entry ages 20 to 52.
Can I get a quote online?
Yes — Family Pension Plan (Table-12) is in State Life's calculator; use it above.
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 Family Pension 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 Family Pension 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.