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Benefits of Life Insurance in Pakistan and Which Bank Offering Insurance Plan

People often ask that whether there is a need to have insurance or not. The benefits of having life insurance are mentioned below along with adequate details and guidance. Best banks, which are offering insurance plan are many. Interested people must select the best bank. Benefits of Life Insurance in Pakistan and Which Bank Offering Insurance Plan along with details mentioned.

Life insurance helps the people at an unfortunate time. Life insurance gives people the comfort that in the bad times it will be there for them.

Benefits of Life Insurance in Pakistan and Which Bank Offering Insurance Plan

Benefits of Life Insurance in Pakistan and Which Bank Offering Insurance PlanAny loss or damage due to the following reasons will be handled by the Life Insurance Company:

  • Riots and strikes
  • Theft and Bulgary
  • Flood
  • Lightning
  • Fire explosion
  • Bodily injured
  • Damage to the property
  • Death

List of some of the Banks offering Insurance Plan in Pakistan are as follows:

  • Habib Bank Limited
  • Efu LIFE
  • Faysal Bank
  • First Women Bank Ltd.
  • Soneri Bank
  • Samba Bank
  • State Bank of Pakistan
  • Summit Bank
  • MCB
  • Meezan Bank
  • Sindh Bank

There are several benefits of life insurance. The benefits in case of death are mostly income-tax free. Life insurance provides capital for dealing with the harsh consequences after the insured`s death. Loans which are policy based are tax free. A life insurance policy can be exchanged for another policy too.

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