Whole Life Assurance (Suraksha) Plan - PLI Calculator

What is the Whole Life Assurance (Suraksha) Plan?

The Whole Life Assurance (Suraksha) Plan is a life insurance policy offered by Postal Life Insurance (PLI), providing a financial safety net for you and your family. This plan guarantees an assured amount, along with any accrued bonuses, to the insured either when they reach the age of 80 or upon their death. The payout is made to the insured’s legal representatives or assignees if the policyholder passes away, or directly to the policyholder once they reach the age of 80, whichever occurs first. The policy remains in force as long as all premiums are paid on time.

If you are looking for reliable and long-term life insurance, the PLI Suraksha plan is an excellent choice. You can also use the Postal Life Insurance Calculator to easily calculate your premium and coverage details.

Key Features of the Whole Life Assurance (Suraksha) Plan:

• Minimum & Maximum Age at Entry: 19-55 years
• Minimum Sum Assured: ₹20,000; Maximum ₹50 lakh
• Loan Facility: Available after 4 years
• Surrender Option: Available after 3 years of holding the policy
• Bonus Eligibility: Not eligible for a bonus if the policy is surrendered before 5 years
• Conversion: The policy can be converted into an Endowment Assurance Policy up to 59 years of age
• Premium Paying Age: Premium payments can continue until the ages of 55, 58, or 60 years
• Proportionate Bonus: Paid on reduced sum assured if the policy is surrendered early
• Last Declared Bonus: ₹76 per ₹1000 sum assured per year

Why Should You Choose the Whole Life Assurance (Suraksha) Plan?

The PLI Suraksha Plan is perfect for people looking for a long-term, reliable life insurance option. It provides a combination of life protection and savings, making it a smart choice for securing the future of your loved ones. The flexible premium payment options and the ability to convert the policy into an Endowment Assurance Policy make it adaptable to your needs.

For a clearer understanding of the premiums and benefits, you can use the Postal Life Insurance Calculator to plan ahead and calculate your premium.

To explore more options in Postal Life Insurance or if you want to learn about other policies, visit the official Postal Life Insurance website. It offers detailed information on various plans and their benefits, allowing you to choose the best one for your needs.

Benefits of Postal Life Insurance (PLI):

• Government-Backed Security: PLI is a government-backed insurance policy, offering you reliable and secure financial protection.
• Affordable Premiums: The premiums are designed to be budget-friendly, making it accessible for a wide range of people.
• Customizable Plans: The plans come with multiple premium payment options and flexible terms, allowing you to customize your insurance coverage.
• Wide Accessibility: With India Post's vast network, PLI policies are available across the country, including remote areas.

Conclusion

The Whole Life Assurance (Suraksha) Plan from Postal Life Insurance is a great way to protect your family's future while building savings over time. With its flexible features, loan facility, and potential for earning bonuses, this plan offers comprehensive financial protection. Whether you're starting early in life or nearing retirement, this policy ensures you have the coverage you need.

To calculate your premium and find out more about the plan, visit the Postal Life Insurance Calculator. For more details on all available policies, visit the home page of Postallifecalc or visit the official Postal Life Insurance website and start planning your future today.