BISP has successfully launched the Group Life Insurance Scheme for BISP beneficiaries, to cover the breadwinner of the family with effect from 1st of January 2011. Under this scheme, the dependents (widows/mothers/children) of deceased are be compensated for Rs. 100,000/- in case of natural or accidental death of the breadwinner. This type of economic shelter is being given first time in the history of Pakistan by any Government. The Scheme would cover the breadwinner from eligible beneficiary families
a.Male Age of 18 to 65 years
b.Female Age of 18 to 70 years
BISP has enrolled 4.07 million breadwinners under BISP Group Life Insurance Scheme.
a.1st Policy for one year (Jan 2011-Dec 2011 for 2.03 Million Members)
b.2nd Policy for three years (Jan 2012 to Dec 2014 for 3 Million Members)
SLIC is responsible to issue insurance certificate to all enrolled members
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