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Bancassurance Endowment Plan Sada Bahar Plan 3 Payment Plan

Bancassurance has been specially coined for offering, distributing and selling of various insurance products of SLIC through NBP branch network, as an additional service to their existing and potential new customers. NBP has signed a tripartite agreement with State Life Insurance Corporation (SLIC) and GBA Services (Pvt) Ltd. for launch of a new Bancassurance Product.

Bancassurance includes plans which are high value savings and investments products designed to provide benefits to the entrepreneurs, businessmen, lawyers, doctors, engineers, service oriented people, teachers, shopkeepers, factory owners, commission agents, investors and specially those who need money at some phase of their lives. These plans are as follows;

  1. Endowment Plan
  2. Sada Bahar Plan
  3. 3 Payment Plan

For sale of Bancassurance Product, SLIC has employed Bancassurance Sales Consultants (BSCs). These BSC’s are duly trained and certified and authorized for the sales of insurance products in NBP branches.

All NBP Account holders/customers including non- resident Pakistanis (NRPs), Dual/foreign national maintaining an active PKR current or savings account are eligible for buying an Insurance product. However, only active accounts can buy the insurance product, provided the customer account has sufficient funds available or the customer deposits required funds for the recovery of premium. NBP will debit the customer’s or policy holder’s account vides a premium collection system mutually agreed between NBP and SLIC.

Customer's age at the time of enrollment should be within the stipulated age limits of 18-65 years of age. NBP customer having foreign currency account shall have to open a PKR account in order to buy any Bancassurance policy. NRPs will have to ensure physical presence at the time of buying any policy.


Disclaimers

  • This product is underwritten by State Life Insurance Corporation of Pakistan. It is not guaranteed or insured by NBP or its affiliates and it is not a NBP product. NBP is only working in the capacity of a distributor.
  • The past performance of State Life Insurance Corporation of Pakistan is not necessarily a guide to future performance. Any forecast made is not necessarily indicative of future or likely performance of the funds and neither State Life Insurance Corporation of Pakistan nor NBP will incur any liability for the same.
  • A personalized illustration of benefits will be provided to you by our staff. Please refer to the notes in the illustration for detailed understanding of the various terms and conditions.
  • Service charges and taxes will be applicable as per the Bank’s “Schedule of Charges” and taxation laws as stipulated by the relevant authorities.
  • A description of how the contract works is given in the policy privileges and conditions.

 
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