Life Insurance Agreement Template for Pakistan

1. Rider Benefits: Additional coverage options such as accidental death, critical illness, or disability benefits - included when policyholder opts for extra coverage

2. Shariah Compliance Declaration: Statement of compliance with Islamic principles - included for Takaful (Islamic insurance) policies

3. Profit Sharing: Terms for distribution of surplus or profits - included for participating policies

4. Loan Provisions: Terms for policy loans against cash value - included for permanent life insurance policies

5. Conversion Rights: Rights to convert term insurance to permanent insurance - included for term life policies

6. Group Policy Provisions: Special terms for group insurance - included for group life insurance policies

1. Schedule 1: Premium Schedule: Detailed breakdown of premium calculations, payment schedules, and applicable taxes

2. Schedule 2: Benefit Schedule: Detailed description of benefit amounts, including any variations over time or based on circumstances

3. Schedule 3: Medical Requirements: List of required medical examinations and health declarations

4. Appendix A: Policy Illustrations: Numerical examples showing policy values, benefits, and projections

5. Appendix B: Claim Forms: Standard forms required for making claims under the policy

6. Appendix C: Risk Disclosure Statement: Detailed disclosure of risks and important considerations for the policyholder