State Life · Table 78
State Life Muhafiz Plus Plan 2026
An endowment with a built-in family income: double the sum assured on accidental death, and a fixed yearly income to your dependants for 15 years on top of the lump sum.
- Entry age
- Per State Life's schedule
- Policy term
- Set on your illustration
- You pay
- Throughout the term
- Covered for
- The full term you choose
- Online calculator
- No — personal illustration
- Bonus basis
- State Life Endowment rates
- Official page
- statelife.com.pk ↗
How it works
The Muhafiz Plus, explained plainly
Muhafiz Plus (Table-78) pays the sum assured plus attached bonuses at maturity like any endowment. Its purpose shows on death: the family receives the basic sum assured plus bonuses immediately — double the sum assured if death is accidental — and then an income of 240 per 1,000 of sum assured every year for fifteen years.
That income clause is what most protection plans lack: a monthly-style cash flow for the years a family actually needs it, not just a one-off amount.
Muhafiz Plus is not quoted in State Life's online calculator; we prepare a personal illustration. Bonuses follow State Life's Endowment rates, and a paid-up policy earns no further bonuses.
What the policy pays
Benefits, as State Life defines them
- On maturity: sum assured plus attached bonuses.
- On death: basic sum assured plus attached bonuses, paid immediately.
- On accidental death: double the sum assured plus bonuses.
- Family Income Benefit: 240 per 1,000 of sum assured per year for 15 years after death.
- Premiums payable yearly, half-yearly, quarterly or monthly; lapsed policies revivable within five years.
Paraphrased from State Life's official plan page (checked 2026-08-22). The policy document governs.
✓ Who it suits
- • Sole earners whose family would need a monthly income, not just a lump sum, if they died.
- • Savers who still want a maturity value at the end of the term.
✗ Who should not buy it
- • Pure savers — the income benefit is priced into the premium.
- • Anyone likely to make the policy paid-up early; it then stops earning bonuses.
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 request gives the premium that buys it.
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
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
Muhafiz Plus: quoted by personal illustration
State Life's public premium calculator does not include this plan, so there is no instant online figure — from us or anyone else.
Send us your date of birth, the sum assured you have in mind and how you would like to pay — we return State Life's own illustration for this plan, usually within one business day, with no obligation.
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 36
Shad Abad Plan
An endowment with doubled protection: twice the sum assured on death, four times on accidental death, and the sum assured plus bonuses if you reach maturity.
Plan details →Table 01
Whole Life Plan
Cover that never expires: the sum assured plus every bonus ever declared goes to your family whenever you die — or to you at 85 — with State Life's highest declared bonus rates.
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 →Muhafiz Plus questions
Before you choose the Muhafiz Plus
How does the family income work?
In addition to the lump sum, your dependants receive 240 per 1,000 of sum assured every year for fifteen years after death — on a sum assured of one million that is a fixed annual income for a decade and a half.
Is the income paid as well as the sum assured?
Yes. The basic sum assured plus bonuses is paid immediately; the fifteen-year income runs on top of it.
Why isn't Muhafiz Plus in the online calculator?
State Life's public calculator does not quote it. We prepare an illustration from State Life's rate tables — usually within one business day.
Which bonus rates apply?
State Life's Endowment rates, which it lists as applying to Muhafiz Plus.
Can I revive a lapsed policy?
Yes, within five years of the first unpaid premium, subject to State Life's revival conditions.
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 Muhafiz Plus 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 Muhafiz Plus 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.