State life endowment plan

State Life Endowment Policy is a type of life insurance policy offered by the State Life Insurance Corporation of Pakistan. It is a traditional endowment policy that provides financial protection to the policyholder's family in the event of the policyholder's death. The policy pays a lump sum benefit to the beneficiary named by the policyholder upon the policyholder's death. The policy may also offer additional benefits such as a savings component, which allows the policyholder to accumulate savings over time. State Life Endowment Policies are typically purchased for a fixed term, such as 10, 20, or 30 years, and premiums are paid on a regular basis during the term of the policy. The policy may also offer the option to renew the policy at the end of the term.