Postal Life Insurance Schemes-(Yugal Suraksha)
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 accured bonus from the date of acceptance of proposal
- Insurance cover is started from the dateof acceptance.
- It is a term policy of 5 to 20 years.
- It gives assurance to both,the Insurant and spouse.
- Minimum Age at entry is 21 years.
- Maximum Age at entry is 45 years.
- Maximum sum assured of INR 20 lakhs.
- Surrender value payable after 3 years.
- Assignment facility available.
- Nomination facility iavailable.
- Loan facility is available.