The scheme of Post Office is usually preferred by everyone. It not only provides additional facilities for savings schemes, but also provides the facility of life insurance.
New Delhi. The scheme of Post Office is usually preferred by everyone. Many benefits are available here with guaranteed returns. The post office not only gives you the additional facility of savings schemes, it also gives the facility of getting life insurance. This is known as Postal Life Insurance. So let’s know everything about it … you get up to 50 lakh rupees
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 under the PLI scheme, one of which is also a Whole Life Assurance (Security) policy. Under the whole life insurance policy, the minimum sum assured is Rs 20000 and the maximum sum assured is Rs 50 lakh. After completing 4 years of the policy, a loan can be taken on it. At the same time the policy can be surrendered after completion of 3 years.
Who can avail benefit in a
Whole Life Assurance Policy along with 80% to a person who has secured Assured Amount Insurance? Get on after reaching age. If the insured dies in the meantime, the assured amount gets to his legal representative / nominee. Under the PLI Whole Life Assurance Policy, the minimum age of entry is 19 years and maximum age is 55 years.
Earlier this insurance was available only to government and semi-government employees, including public sector undertakings (PSUs), financial institutions and nationalized banks. Since 2017, the life insurance policy within PLI has been made available for professionals such as doctors, engineers, management consultants, chartered accountants, architects, lawyers, bankers and employees etc. and for employees of listed companies of NSE and BSE. .
Learn how to apply? Postal Life Insurance is now available online. Your convenience policy can be searched online by visiting https://pli.indiapost.gov.in. It can be purchased online, premiums can be paid online, receipts and income tax certificates can be obtained digitally and more than one policy can be managed online.
