Postal Life Insurance (PLI) is a life insurance scheme offered by India Post, available to employees of Central/State governments, public sector undertakings, defense, paramilitary forces, and other eligible organizations. It was first introduced in 1884 and is one of the oldest life insurance schemes in India.
Low Premiums: One of the lowest premium rates in India.
High Bonus Returns: Attractive bonuses declared regularly.
Government-Backed: 100% secure, backed by the Government of India.
Loan Facility: Loans can be availed against the policy after a few years.
Nomination Facility: You can nominate any family member.
Online Premium Payment: Easily pay premiums online through India Post PLI Portal.
You can apply if you are:
A government or semi-government employee
Working in public sector undertakings
An employee of nationalized banks, universities, or educational institutions
A member of defense, paramilitary, police forces
Professionals like doctors, engineers, lawyers, CAs working in registered firms
Suraksha (Whole Life Assurance):
Coverage till age 80
Premium till age 55/60
Santosh (Endowment Assurance):
Fixed maturity age
Sum assured + bonus on maturity
Suvidha (Convertible Whole Life):
Convertible to endowment after 5 years
Sumangal (Anticipated Endowment):
Ideal for short-term goals
Periodic survival benefits
Yugal Suraksha (Joint Life Assurance):
For married couples
Bal Jeevan Bima (Children Policy):
Covers children of PLI policyholders
No premium for child
Before buying a policy, itโs wise to calculate your monthly premium and maturity amount. Use the free and easy PLI Calculator tool. Just enter your age, policy term, and sum assured to get an instant quote.
๐ Try it here: PLI Calculator โ postallifecalc.in
You can apply:
By visiting your nearest post office offering PLI services.
Online through the official India Post PLI portal
๐ Apply here
You need basic documents like Aadhaar, PAN, and employment proof.
PLI policies earn annual bonuses based on the type of plan.
Bonus is declared by the Department of Posts.
Always check the latest bonus updates on the India Post PLI Official Site.
PLI Helpline: 1800-180-5232 / 155232
Email: pli.dte@indiapost.gov.in
Official Site: India Post โ PLI
PLI Calculator โ Check premium and returns.
Age Calculator โ Know your exact age for policy eligibility.
Conclusion:
Postal Life Insurance is a trusted and government-secured life insurance plan suitable for working professionals in the government and public sector. If you're looking for a safe and reliable insurance plan with high returns and low premiums, PLI is a great option.
Use the PLI Calculator to explore your options and apply online through the official India Post site.