Post Office: Life insurance of post office is divided into two categories PLI and RPLI. PLI is the oldest government insurance policy.
The post office not only gives you the additional facility of savings schemes, but it also has the facility of getting life insurance. It is known as postal life insurance i.e. postal life insurance. Generally everyone likes to take the scheme of Post Office. There are many benefits to be found along with guaranteed returns. Through this scheme, you can get coverage up to Rs 50 lakh and many other facilities. Let us know about it in detail…
Facility up to Rs 50 lakh is available
Post office life insurance is divided into two categories PLI and RPLI. PLI is the oldest government insurance policy. It was started on 1 February 1884 during the British rule. There are 6 policies run under the PLI scheme, out of which one is a Whole Life Assurance (Suraksha) policy. Under the whole life insurance policy, the minimum sum assured is Rs 20000 and the maximum sum assured is Rs 50 lakh. After the completion of 4 years of the policy, a loan can be taken against it. At the same time, the policy can be surrendered after the completion of 3 years.
Know who can take advantage
The minimum age of entry under Whole Life Assurance Policy is 19 years and maximum age is 55 years. In whole life insurance policy, the sum assured along with bonus is available to the person insured after reaching the age of 80 years. If the insured dies in the meantime, the sum assured is paid to his legal representative/nominee.
You can also take this policy
Earlier this insurance was available only to government and semi-government employees, including public sector undertakings (PSUs), financial institutions and nationalized banks. From the year 2017 the life insurance policy coming under PLI for professionals like doctors, engineers, management consultants, chartered accountants, architects, lawyers, bankers and employees etc. and listed on NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) made available to the employees of the companies.
postal life insurance online now
Postal Life Insurance is now available online. Your convenience policy can be searched online by visiting https://pli.indiapost.gov.in. It can be bought online, premium payment can be done online, receipt and income tax certificate can be obtained digitally and multiple policies can be managed online.
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