Postal Life Insurance Schemes-(SANTOSH)

Under this scheme the proponent is given an assurance to the extent of the Sum Assured and accured bonus till he/she attains the pre determined age of maturity.

In case of unexpected death of the insurant, the assignee,nominee or the legal heir is paid the full Sum Assured together with the accured bonus.

  • Minimum Age at entry is 19 years.
  • Maximum Age at entry is 50 years.
  • Premium ceasing at the age of 35,40,45,50,55,58 & 60.(payment of premia for at least 5 years)
  • Maximum Sum Assured of INR20 lakhs.
  • Insurance Cover starts from the date of acceptance.
  • Eligible for loan after payment of premia for 36 months.
  • Assignment facility available.
  • Endowment Assurance at a certain age can be converted to Endowment Assurance policy maturing at some other age.
  • Surrender of policy is allowed after payment of premia for 36 months.Bonus is paid on surrender value on payment of premia for 5 years and more
  • Nomination facility is available.
  • For PLI polices(Endowment Assurance,Anticipated Endowment Assurance,Whole life Insurance,Convertible Whole life Insurance,Anticipated Endowment Assurance), sum assured upto Rs 1,00,000/- ,to make medical policy and non medical policy as optional.
  • All the above polices for sum assured above Rs 1 lakh and Yugal Suraksha policy irrespective the sum assured are compulsory for medical scheme.