But the policies still offer the highest coverage for the premium amount. Postal Life Insurance offers a number of valuable features and benefits to the policyholders.
It started as a welfare scheme for the benefit of postal employees and was later extended to the.
What are the benefits of postal life insurance. Rural Postal Life Insurance or Rural PLI or RPLI was introduced in 1995 to extend the benefits of insurance to people working and living in rural areas of India. It was also aimed at the economically weaker sections of rural India including vulnerable audiences such as women workers. Please visit your nearby post office and look at all the PLI plans their premiums.
The Postal Life Insurance plan provides an insurance cover till the insured reaches the age of 80 years Offers an assured amount and an accrued bonus to the policyholder after he or she attains the age of 80 years. Most of us know about Life Insurance Corporation of India. Tax benefits available on Rural Postal Life Insurance.
Transfer of the plan to any Financial Institute for availing loan. The policyholder can change the nomination at any time during the policy RPLI policies provide the benefit of assignment The policyholder can avail loan against RPLI policies. Benefits of Postal Life Insurance PLI is the only insurer which gives highest return bonus and charges lowest premium for any product in Indian Life Insurance market You can avail loan facility for immediate liquidity requirements on PLI policies.
A Postal Life Insurance can avail the below benefits under this same. It was started in 1884 for the benefit of postal employees. There are presently 6 types of postal life insurance policies.
PLI is the only insurer in the Indian Life Insurance market today which gives the higher return bonus with the low premium charged for any product in the market. Postal Life Insurance PLI was introduced on February 1 1884. Some of these schemes have more benefits.
It was essentially a scheme of State Insurance mooted by the then Director General of Post Offices as a welfare scheme to benefit Postal service employees. Life insurance is one of the key instruments for a secure future for our near and dear ones. Benefits of Postal Life Insurance.
Postal life insurance is the first insurance policy in the history of India. In addition PLI has also paid an additional bonus to policyholders since their very first year of inception. Other insurance benefits include.
About the type of plan some plans are suitable for one while some for another. Postal Life Insurance is considered as the only insurance provider in the Life Insurance market in India today which offers the highest bonus with a low premium. Postal Life Insurance PLI plans are very good in that they are of low premium with high bonus rates.
By investing in a Postal Life Insurance plan or Rural Postal Life Insurance Plan policyholders stand to avail the following benefits. The details of the tax benefits available on Rural Postal Life Insurance policies are given below. The highlight of postal life insurance benefits is that it offers the highest coverage with the lowest premium.
The advantage of Rural Postal Life Insurance policies is that high returns are offered for low-cost policies. Federal Employees Long Term Care FELTC Federal Employees Dental Vision Care FEDVIP Federal Flexible Spending Account Program FSAFEDS. A PLIRPLI policy holder may also get following facilities -Change of nomination.
Following are the benefits offered by Rural Postal Life Insurance. All the plans offered by PLI are traditional life insurance plans which offer guaranteed benefits The premiums are very low and easily affordable All the policies under PLI scheme offer attractive rates of bonus which help in enhancing the plan benefits A group. Over the years Postal Life Insurance PLI has grown substantially.
Some of the top benefits include- As compared to the premium of life insurance policies by most insurance providers in India the premium for PLI policies is the lowest. PLI insurance plans offer the highest returns at the lowest premium rates. Postal Life Insurance was introduced on 1st February 1884.
A whole life assurance scheme from Postal Life Insurance with the following features and benefits. But very few have any idea of postal life insurance or PLI. Change of the nominee name.
Apart from single insurance policies Postal Life Insurance also manages a Group Insurance scheme for the Extra Departmental Employees Gramin Dak Sevaks of the Department of Posts.