Postal Life Insurance Scheme: Assured benefits of Rs 5 lakh under Yugal Suraksha

Life insurance coverage is provided to both the spouses to the extent of sum assured with accrued bonus from the date of acceptance of proposal. It is a joint-life Endowment Assurance in which one of the spouses is eligible for PLI policies.

A maximum of Rs 50 lakh is assured under this scheme. In case of any queries and details, the interested individuals can login to the official website of India Post at indiapost.gov.in.

It is a joint-life Endowment Assurance in which one of the spouses is eligible for PLI policies. Life insurance coverage is provided to both the spouses to the extent of sum assured with accrued bonus from the date of acceptance of proposal. Insurance cover is started from the date of acceptance.

Minimum and maximum limit

The minimum sum assured is Rs 20,000 and the maximum sum assured is Rs 50 lakh.

Age limit

• The minimum and the maximum age limits at the entry of the spouses are 21 years and 45 years, respectively.

• The maximum age of the elder policy holder should not be more than 45 years and the couple should be between 21 years to 45 years.

• The minimum term of the policy is 5 years and the maximum term is 20 years.

Loan facility and other details

• Loan facility will be available to them at the end of three years.

• It must be noted that one is not eligible for bonus if surrendered before completion of five years.

• Not eligible for bonus if surrendered before completion of 5 years

• Proportionate bonus on reduced sum assured is paid if policy is surrendered

• Death benefits are paid to either of the survivors in the event of death of spouse or main policy holder

• Last declared Bonus- ₹ 52/- per ₹ 1000 sum assured per year