State Life Insurance is aided by the federal government and began its insurance operations in 1992 in Pakistan by establishing its first headquarters in Karachi. The company, State Life Insurance sells insurance products but is also involved with other activities including the stock market, real estate, and other organizational investment endeavors. The corporation has achieved the milestones of decreasing premiums up to 33% over the past decades to ensure more people can afford insurance policies and has an incredibly impressive investment portfolio that stands at PKR 852 billion.

State Life’s biggest goal is to ease the process of providing insurance to common and middle-class people in Pakistan by opening doors to less priced policies and premiums.

Best Insurance Plans Guaranteed

Great endowment - life insurance

Great Endowment Plans

Multiple term plans for accrued profits, savings and death benefits depending on your budgets and income bracket

Whole Life Insurance

Whole Life Plans

Whole life plans that guarantee protection and savings

Fast Claims

Fast Claims

A fast-track and convenient claiming process

Online Portal

Online Portal

Investments, savings and maturity reports available 24/7 through an intuitive, clutter-free online portal

Withdrawal Plans

Early Withdrawal Plans

Policies that mature earlier than conventional endowment policies

Additional Riders

Additional Riders

Supplementary riders like accidental death, family income benefit, medical covers, waiver of premiums and more


whole life plans

Economical whole life covers 

Affordable premiums for young homemakers who’ve just started with their careers or are in their early 20s.

Accrued savings overtime

Whole life plans with accrued savings and multiple bonuses. Options to withdraw or draw a loan against your savings account once your cash value starts building. 

No Term Restrictions 

The ultimate cover with higher returns with every passing year milestone.

Child Education & Protection Plans

Education and Marriage Funds 

Flexible, economical and high-return plans with savings and bonus components providing full and comprehensive covers for your child’s education, marriage, and other necessary needs. 

Cash Value Paid In Installments 

Long-term endowment plans with high return and a sum assured paid over installments to your child or beneficiary over the year to aid them financially in all their endeavors. 

Death Coverage 

Plans that are part savings and part protection covers for children and parents, providing full coverage to the child in case the policy-holding parent passes away. Annual income stipends included. 

Child Insurance by Get Insurance Pakistan

Early Maturity Funds

maturity Insurance

Early Withdrawal 

Plans that allow you to withdraw the full sum assured before the policy matures. 

Accrued Profits Over Time 

Profits are not dependent on completion of the policy.

Bonuses on Maturity 

Additional bonuses to be given alongside the sum assured and profits on maturity. 

Takaful Plans

Unit-linked saving plans 

The policies are based on the unit-linked method to provide you with an investment portfolio alongside the protection component. 

Shariah Compliant Plans 

All plans are approved and endorsed by an official board of Shariah advisors. 

Investment Portfolio Options

Choose the funds you want to invest in and share risks and profits with the rest of the shareholders. 

Takaful Insurance Plans

How Do State Life’s Policies Work?

Most State Life Policies use the universal life and endowment method to calculate and divide your returns. This means your premium is allocated to two components. (1) The protection component and (2) the savings component. Want to understand what happens if your policy matures? Here’s how it works.


The company collects all your data (including assets, health score, income bracket, loans, medical history, etc) to give you a premium value based on the sum assured you’ve declared.


Once you start paying the premiums they’re allocated to two separate accounts. Protection account is for death, accidents and health coverage while the savings account is used to invest in the company’s funds and the profits accrue in the savings account as your policy matures.


With each passing year, your savings account grows bigger (receiving more premium allocation) and you start receiving reports on the growth.


Your policy reaches a certain number of years. Now your policy is maturing, and accumulating profits and bonuses based on the age of the policy. The older it grows, the more profitable it becomes.


For policies that come with surrender value, you can choose to withdraw your sum assured after x number of years (generally 2-3+ years).


Congratulations! Your policy has matured. If you’ve successfully reached the end of your policy, you’ll receive a sum assured, accrued profits and bonuses (based on the policies you’ve chosen).

Available Benefits with these policies

  • Waiver of premium: this means if you suffer a disability during the tenure of your policy and have lost your source of income, the company will pay your premiums until the policy matures or until you reach a certain age. 
  • Death Benefit: If you die in the middle of your policy, or in certain cases after it ends, your beneficiaries will receive a certain sum assured. 
  • Inflation Safety: Your premium and sum assured amounts are increased every year to combat inflation. 
  • Withdrawals: You can also withdraw money from your funds. Usually, the companies set a limit of the amount and the times you can withdraw the amount. These withdrawals also reduce your cash value back.
  • Surrender Value: You can quit investing in your premium/policies after having paid your premiums for 3 or 3+ years (can vary from company to company), get an evaluation of your cash value worth and then get the money if you don’t feel like proceeding, need the money urgently or do not have enough money to pay your premiums anymore.