Postal Life Insurance Schemes-(SURAKSHA)

A whole Life Insurance Scheme:

• Minimum Age at entry is 19 years.
• Maximum Age at entry is 55 years.
• Premia ceasing at the age of 55,58,60.(Minimum payment of premia for 5 years)
• Meturity amount is payable only to the Assignee,nominee or the legal heir after death of the insurant.Maximum sum Assured is INR 20 lakhs.
• Insurance cover starts from the date of acceptance of proposal to the extent of sum assured with accured bonus.
• Bonus shall accure till the date of maturity.
• Higher bonus and lower premia than the endowment policy.
• Eligible for loan after payment of premia for 48 months.
• Surrender of policy allowed after payment of premia for 36 months.Bonus is payble onsurrender value on payment of premium for 5 years(60 months) or more.
• Assignment policy available.
• The policy can be converted into Endowment Assurance Policy after completion of one year and before 57 years of age of the insurant.
• Nomination facility available.