Postal Life Insurance: It is included in the oldest insurance scheme in the country. During the British rule in India, Postal Life Insurance ie PLI was started on 1 February 1884.
PLI or Postal Life Insurance (PLI-Postal Life Insurance) is a life insurance scheme of the Government of India. The post office sells this life insurance policy along with its work. It is included in the oldest insurance scheme in the country. During the British rule in India, Postal Life Insurance i.e. PLI was started about 137 years ago. According to the information provided by the post office, the PLI facility is a whole life assurance scheme, in which the option to convert to an endowment assurance policy is available after the completion of five years.
There are two types of policy in this plan of Postal Life Insurance (PLI). One can be purchased for 15 years and the other for 20 years.
After taking a 15-year policy, the customer is given a bonus at the rate of 20% of the total deposit after 6 years and 20% after 9 years, again after 20 years and 40% on completion of 15 years. Goes.
There is a provision of giving 20 percent after eight years, 20 percent after 12 years, 20 percent after 16 years and 40 percent after 20 years for taking a Postal Life Insurance (PLI) policy for 20 years.
Let us know about the important things related to postal life insurance…
(1) Under Postal Life Insurance (PLI) scheme, you can now take life insurance up to 10 lakh rupees. This scheme is similar to endowment insurance. After the completion of 5 years of postal life insurance, this policy can be changed into Endowment Assurance. However, there are some conditions
(2) The age of the customer purchasing PLI should not be more than 55 years. If the customer buying insurance for 6 years does not choose to change the policy, then the policy will be considered life insurance forever.
पीएलआई सुविधा एक संपूर्ण जीवन आश्वासन योजना है, जिसमें पाँच साल पूरे होने के बाद एंडॉवमेंट एश्योरेंस पॉलिसी में बदलने का विकल्प उपलब्ध है। अधिक जानकारी के लिए देखें, https://t.co/DTNpXTfgp9 pic.twitter.com/4HDkpSq9cK
— India Post (@IndiaPostOffice) February 3, 2021
(3) Loan facility is also available on Postal Life Insurance (PLI). The postal life insurance (PLI) policy can also be surrendered after three years. If a customer who buys insurance (PLI) takes a loan or surrenders the policy before five years, he will not get a bonus on Postal Life Insurance (PLI).
(4) Sumangal Scheme of Postal Life Insurance: This plan of Postal Life Insurance (PLI) is known as Sumangal. This insurance plan is a money back policy with a maximum insured amount of Rs 5 lakh. If you also need some amount from time to time, then you can take this policy. As a customer in Sumangal Plan of Postal Life Insurance (PLI), you get survival benefits from time to time.
(5) Such payment is not included in the event of unexpected death of the person purchasing the insurance (PLI). In such a situation, the nominee or legal heir gets the full amount of postal life insurance along with bonus.
(6) If the policyholder is not able to pay the premium for six consecutive times then this insurance policy goes into the category of laps. It is for a period of less than three years. Similarly, if the policy is active for more than three years and does not deposit the premium 12 times, then it is considered laps.
(7) You can get exemption under section 88 in Income Tax Act in Postal Life Insurance. The policy can be transferred to any circle in the country.
(8) Premium can also be paid on an annual, half-yearly or monthly basis for this life insurance policy of India Post. Premium can be done on any working day.
(9) There are many schemes in Postal Life Insurance. It has schemes related to security, Sumangal, Santosh, Suvidha, couple security, child life insurance and the disabled. Let me tell you, the Government of India also gives guarantee in this policy.
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