Postal Life Insurance- Suvidha

A convertible Whole Life Assurance Scheme

·         Minimum Age at entry is 19 years

·         Maximum Age at entry is 55 years

·         Insurance cover starts from the date of acceptance

·         Suvidha can be converted into Santosh after five years

·         Maximum sum assured is INR 5 lakhs

·         Maturity at the age of 50, 55 or 58 years after conversion.

·         On conversion, premia & terms will be revised accordingly

·         Bonus due on the Policy will also change as applicable to Santosh Policy on conversion

·         Loan facility after 4 years

·         Surrender Value payable after 3 years

·         Assignment facility available

·         Nomination facility available

Most convenient policy for Income tax payers and new entrants to service, who can plan their savings keeping in view the increase in tax liability and the increase in their earnings over a period of 5 years.