Postal Life Insurance- Suraksha

A Whole Life Assurance 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)

• Maturity amount is payable only to the Assignee, nominee or the legal heir after death of the insurant. Maximum sum assured is Rs. 10 lac

• Insurance cover starts from the date of acceptance of proposal to the extent of sum assured with accrued bonus

• Bonus shall accrue till the date of death.

• 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

• Assignment facility available

• The policy can be converted into an Endowment Assurance Policy after completion of one year and before 57 years of age of the insurant

• Nomination facility available