Postal Life Insurance - Santhosh

An Endowment Assurance Scheme

Under this scheme the proponent is given an assurance to the extent of the Sum Assured and accrued 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 accrued bonus.

* Minimum Age at entry is 19 years
* Maximum Age at entry is 55 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 INR 10 lakhs
* Insurance Cover starts from the date of acceptance
* Eligible for loan after payment of premia for 36 months.
* Interest Rate @ 10% on loan
* Surrender allowed after payment of premia for 36 months
* Assignment facility available
* Can be converted into Suraksha (Whole Life Assurance )
* No medical examination required if age is 35 years or less and Sum Assured
  is not more   than INR 1 lakh
* Nomination facility is available.