State Life · Table 71
State Life Personal Pension Scheme 2026
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?"
- Entry age
- From 18 years
- Policy term
- Set on your illustration
- You pay
- One single premium
- Covered for
- 25 years
- Online calculator
- No — personal illustration
- Bonus basis
- Per State Life's declaration
- Official page
- statelife.com.pk ↗
How it works
The Personal Pension Scheme, explained plainly
The Personal Pension Scheme (Table-71) converts a single contribution — minimum fifty thousand — into a pension that is guaranteed for 25 years and continues for as long as you live after that.
Entry is from age 18 with a six-year minimum term before the pension can begin, so it works both for people retiring soon and for younger savers parking a lump sum for later.
If you die within the first six years, a lump sum is paid to your nominees. The plan participates in State Life's surplus, and State Life's latest declaration increases pension payments in force.
The Personal Pension Scheme is not in State Life's online calculator; pension figures depend on your age at commencement and are quoted by illustration.
- Day 1
One premium is paid; the policy is fully paid up from the start.
- During the term
Life cover for the full sum assured; bonuses declared each year attach to the policy.
- Maturity
Sum assured plus all accrued bonuses.
What the policy pays
Benefits, as State Life defines them
- Pension guaranteed for 25 years, then payable for life.
- Single contribution — no ongoing premiums.
- Lump-sum death benefit to nominees if death occurs within the first six years.
- Participates in State Life's surplus; bonus increases apply to pensions in payment.
- 14-day free-look period.
Optional riders: Accidental Death Benefit (ADB) · Term Insurance Rider (TIR) · Accidental Indemnity Benefit (AIB)
Paraphrased from State Life's official plan page (checked 2026-08-22). The policy document governs.
✓ Who it suits
- • People approaching retirement with gratuity or provident-fund money to convert into income.
- • Anyone who wants an income they cannot outlive, backed by a state-owned insurer.
✗ Who should not buy it
- • Regular monthly savers — this plan takes a lump sum; the Family Pension Plan or an Endowment suits monthly budgets.
- • Money needed within six years.
We would rather lose a sale than fit you to the wrong plan.
Your exact number
Personal Pension Scheme: 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 12
Family Pension Plan
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.
Plan details →Table 09
Endowment by Single Premium
One payment, one policy: put a lump sum into a full endowment and let cover and bonuses run to maturity with nothing further to pay.
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 →Personal Pension Scheme questions
Before you choose the Personal Pension Scheme
How is the pension amount worked out?
From your contribution, your age when the pension starts and State Life's annuity rates at the time. Because it depends on those tables, it is quoted by personal illustration rather than the online calculator — ask us and we prepare one.
What does "guaranteed for 25 years" mean?
Pension payments are guaranteed for 25 years even if you die earlier — the balance goes to your nominees — and continue for life if you live longer.
What is the minimum contribution?
Fifty thousand rupees, paid once. Larger contributions simply buy a larger pension.
Can I start the pension immediately?
There is a six-year minimum term after the contribution before the pension begins, so it is a deferred pension rather than an immediate annuity.
Do pensions increase over time?
State Life's bonus declarations include a rate applied to pension payments in force; the latest declaration increases pensions from policy anniversaries in the following year.
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 Personal Pension Scheme 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 Personal Pension Scheme 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.