What is PLI yugal Suraksha?

What is PLI yugal Suraksha?

Postal Life Insurance Schemes-(Yugal Suraksha) 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.

What is the bonus rate of yugal Suraksha?

Joint Life Assurance (Yugal Suraksha)

What is minimum age limit to person in yugal Suraksha plan?

Joint Life Assurance (Yugal Suraksha) policies. couple should be between 21 years to 45 years.

What is the minimum sum assured in joint life assurance yugal Suraksha )?

It must also be noted that under the Yugal Suraksha scheme, the minimum sum assured is Rs 20,000 and the maimum sum assured is Rs 50 lakh. The minimum and the maximum age limits at the entry of the spouses are 21 years and 45 years, respectively.12-Dec-2021

Can I withdraw PLI before maturity?

Yes, before date of last premium, he can apply for its revival and after credit of due premium with interest @ 12% per annum and a good health certificate, he can continue this policy.

How can I check my PLI maturity amount?

You can also call on the toll-free number 1800 180 5232, 155232. You can also call their land line number 011 24673177.

Is postal life insurance better than LIC?

Premium Rate-When compares to LIC or any private insurers, PLI offers cheap premium. So this is the most advantage of buying endowment plans with PLI than with LIC. Bonus Rate-Bonus offered by PLI is in the range of 7% or more. Whereas currently, LIC offers a bonus rate of around 4% to 5%.

Which postal life insurance is best?

6 Best Postal Life Insurance (PLI) Plans for Government Employees 2022

Which is better between PLI and PPF?

Tenure: While PPF is a long-term investment plans (minimum 15 years) and cannot be taken for a shorter period, LI can be taken for a shorter duration, starting at five years. LI therefore offers greater flexibility.

What is the interest rate of PLI?

10% per annum

Is postal life insurance a good investment?

It is a good option for them who are eligible for it as it provides higher returns and charges low premiums than comparable policies of life insurers. Exemption under section 88 of Income Tax is available for the premium paid for Postal Life Insurance (PLI).

What is the maximum limit of PLI?

It is a Joint Life Endowment Assurance in which one of the spouses should be eligible for PLI policies. It is a Money Back Policy with maximum sum assured of ₹ 50 lacs, best suited to those who need periodical returns.

What are the benefits of postal life insurance?

10 Years Rural PLI (Gram Priya)

Is PLI maturity amount taxable?

Yes, It is Postal Life Insurance Maturity Amount Taxable. Postal Life insurance was introduced on 1st Feb 1884 as a welfare scheme for the benefit of postal department employees which was later extended to the employees of the telegraph in 1888.

What is the average age of spouse prescribed for PLI yugal Suraksha?

Key Features of Yugal Suraksha The entry age of either spouse should be in the range of 21 years to 45 years.

How much will I receive if I surrender my life insurance policy?

Guaranteed Surrender Value is available after three years of holding the life insurance policy. This value is usually around 30% of the premiums you have paid, not including the first year. Between years 4-7 of holding the policy, this goes up to 50%.

How is surrender value of PLI calculated?

If you discontinue the policy, the amount you will get is called the special surrender value. This is arrived at by multiplying the total paid-up value (paid-up value + bonus) with a multiplier called the surrender value factor. The surrender value factor is a percentage of paid-up value plus bonus.19-Sept-2012

Is it good to surrender PLI policy?

Surrendering any policy is always a loss. Bonus on the reduced sum assured is paid only if the policy is surrendered after 5 years.

How is PLI premium calculated?

A lapsed policy can be revived under PLI.For the Endowment Assurance Plan under PLI, one can follow the below-mentioned steps for premium or maturity calculation:

How can I get my PLI statement online?

This PLI online statement can be accessed on the website of India Post or its mobile application called Postinfo.

How do I close my PLI account?

Here is the list of documents which you need to keep handy before starting the process of surrendering the PLI policy, according to the India Post tweet on its official Twitter account. Indemnity Bond if duplicate bond not available. Policy Bond . Surrender Request Form.28-Apr-2022

What is PLI yugal Suraksha?