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State Life Ins.

Voluntary Pension Scheme

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Family

Tax Savings Upto20%Annual tax rebate on contributions

  • Flexible Contribution Options
  • Customizable Investment Options
  • Retirement Security
  • Legacy Continuation
Split annuity visual

Life Annuity

  • Retirement Flexibility
  • Financial Coverage Security for family
  • Structured Income Post Retirement
  • Risk Control
Benefits

State Life VPS Pension Scheme

Comprehensive protection and financial security for VPS members, regulated under SECP’s Voluntary Pension System Rules, 2005.

Basic Death Benefit

Payout equals VPS balance, up to Rs 12 million.

Accidental Death

Accidental death within 90 days, payout up to Rs 12 million.

Accidental Disability

Permanent disability within 90 days, payout up to Rs 12 million.

Sickness Disability

Permanent disability due to illness, payout up to Rs 12 million.

Hospitalization

Covers care & surgeries, up to Rs 1 million.

Decorative setup
The Only AAA Rated Insurance Company
Pakistan’s Largest Life & Health Insurer

Serving more than 100 Million Lives in Health Care

About Me

Why Choose State Life

State Life Insurance Corporation of Pakistan (SLIC) is the country's largest financial security institution, managing over PKR 2.1 trillion in assets and safeguarding futures for more than 50 years. Our Voluntary Pension Scheme (VPS) is designed to deliver what matters most: stability, efficiency, and returns.

Expertise at Scale

Decades of experience across a range of sectors.

Policyholder Benefits

Pakistan's most extensive network of benefits.

Best-in-Class Annuity Rates

Competitive returns for your retirement.

Legacy of Trust

Over 50 years of trust and service.

Consistent Growth

Proven track record of consistent growth.

Nationwide Reach

Serving millions with unmatched coverage.

TAX RELIEF TODAY,
GUARANTEED INCOME FOR LIFE

Plan today for a financially independent tomorrow.
Explore flexible pension options designed to give you peace of mind and long-term security.

Call 051-111-777-542 Explore More Retirement Plans
Tax Credit Benefits

Tax Relief for VPS Investments

Compare maximum investment and tax savings for Salaried and Non‑Salaried individuals under the VPS scheme.

Monthly Income Annual Income Annual Income Tax Effective Tax Rate Maximum Investment Maximum Tax Saving
100,0001,200,0006,0000.5%240,0001,200
200,0002,400,00066,0002.8%480,00013,200
300,0003,600,000306,0008.5%720,00061,200
400,0004,800,000861,00017.9%960,000172,200
500,0006,000,0001,281,00021.4%1,200,000256,200
600,0007,200,0001,731,00024.0%1,440,000345,600
700,0008,400,0002,211,00026.3%1,680,000442,200
800,0009,600,0002,541,00026.5%1,920,000508,200
900,00010,800,0002,961,00027.4%2,160,000592,200
1,000,00012,000,0003,381,00028.2%2,400,000676,200
1,100,00013,200,0003,801,00028.8%2,640,000760,200
1,200,00014,400,0004,221,00029.3%2,880,000844,200
Monthly Income Annual Income Annual Income Tax Effective Tax Rate Maximum Investment Maximum Tax Saving
100,0001,200,00090,0007.5%240,00018,000
200,0002,400,000410,00017.1%480,00082,000
300,0003,600,000810,00022.5%720,000162,000
400,0004,800,0001,290,00026.9%960,000258,000
500,0006,000,0001,830,00030.5%1,200,000366,000
600,0007,200,0002,370,00032.9%1,440,000474,000
700,0008,400,0002,910,00034.6%1,680,000582,000
800,0009,600,0003,450,00035.9%1,920,000690,000
900,00010,800,0003,990,00036.9%2,160,000798,000
1,000,00012,000,0004,530,00037.8%2,400,000906,000
1,100,00013,200,0005,070,00038.4%2,640,0001,014,000
1,200,00014,400,0005,610,00039.0%2,880,0001,122,000

Frequently Asked Questions

Any individual above 18 years with a valid CNIC, NICOP, POC, or NTN can join. Salaried employees, self‑employed professionals, business owners, and housewives are all eligible. No prior sponsorship is required — it’s completely voluntary.

Yes. Investments are restricted to Riba‑free instruments and managed strictly under Islamic principles in the State Life retirement savings fund.

Participants can retire between ages 60–70 or after 25 years of contributions. At retirement, up to 50% can be taken as a tax‑free lump sum, while the remaining balance is converted into a life annuity for monthly income. Withdrawals before retirement are subject to Income Tax Ordinance rules.

State Life provides Basic Death Benefit, Accidental Death Benefit, Accidental Permanent Disability Benefit, and Sickness Disability Benefit. Each pays up to the VPS balance, capped at Rs 12 million.

Yes. Hospitalization Benefit covers inpatient care, daycare surgeries, and pre/post hospitalization costs through State Life’s network hospitals. Coverage equals 10% of the VPS balance, capped at Rs 1 million.

Yes. Pension funds managed by other Pension Fund Managers (PFMs) can be transferred to State Life VPS to take advantage of secure investments and life annuity options.
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