Apart from the savings schemes, life insurance schemes are also run by the post office. Under this, you can make the future safe with the post life insurance whole life insurance policy.
Postal Life Insurance Scheme
When it comes to safety, most people prefer to invest in government schemes. In this case, the scheme of Post Office is better for investment. It has many different plans in terms of savings, but do you know insurance scheme is also run by the post office. Its name is Postal Life Insurance (Postal Life Insurance). Through this scheme, you can get many other facilities including coverage up to 50 lakh rupees.
Post office life insurance is divided into two categories PLI and RPLI. There are 6 policies under the PLI scheme, one of which is also a Whole Life Assurance (Security) policy. The minimum sum assured is 20000 rupees and the maximum sum assured is 50 lakh rupees. In this policy, a person who is insured with a bonus also gets an assured amount when he reaches the age of 80 years. If the insured dies before this, then this amount will be given to the nominee.
Benefits of hole insurance
1. By taking this scheme of the store, you will get the facility of loan. You can take it after the completion of 4 years of the policy.
2. In this policy, the sum assured is provided along with the bonus. In the absence of the insured, money is given to his family or nominee.
3.If you want to discontinue the policy, then after the completion of 3 years, you get the facility to surrender.
4. Earlier this insurance was available only for government and semi-government employees. After the amendment in the rules later, now doctors, engineers, management consultants, chartered accountants, architects, lawyers, bankers and employees etc. and employees of the listed companies of NSE and BSE can also avail this policy.
How can you take a policy
Under the PLI Whole Life Assurance Policy, the minimum age of the applicant is 19 years and the maximum age is 55 years. To get the policy, visit the official website of the post office at https://pli.indiapost.gov.in. It can be purchased online. Also, payment of premium, receipt of income and income tax certificate etc. can be achieved in all digital formats.
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