Nowadays, everyone is more interested in getting insurance at the post office. Because getting insurance at the post office is much easier and less risky. Also, the Indian government has started several popular life insurances considering the common people. One of these life insurances is the Postal Life Insurance (PLI) of the Post Office.

Here it is possible to get a big return at the end of the term by depositing very low premiums. Along with this, tax benefits are also available under Section 80C of the Income Tax Act. Therefore, currently the general public is leaning towards Post Office Life Insurance i.e. PLI insurance. So, before getting insurance, know all the information related to life insurance i.e. PLI insurance. In today’s report, we are going to discuss all the information related to the Postal Life Insurance of the Indian Postal Department.

PLI Insurance:

Postal Life Insurance (PLI) is a life insurance and savings based scheme of the Indian Postal Department. Where the premium is low, the bonus is high and the security is assured because it is run by the Government of India. It is run by the Department of Posts and guaranteed by the Government of India. Earlier this scheme was limited only to government employees, but now the number of beneficiaries of this scheme has been increased.

Earlier this scheme was limited to certain individuals, but now the number of beneficiaries of the scheme has been increased a lot. Now the following people can take PLI – Central and State Government employees. PSU (Public Sector Undertaking) employees. Employees of government/recognized educational institutions. Bank employees. Postal Department and Railway employees. Employees of local autonomous bodies. Defense Services. In some cases, permanent employees of private educational institutions, etc.

Application Eligibility:

Not everyone can apply for Postal Life Insurance (PLI) insurance. To apply here, the applicant must be an Indian citizen and must have all the documents as identity documents. The applicant’s age must be between minimum 19 years and maximum 55 years.

Benefit Amount:

In the case of PLI, a minimum of 20,000 rupees to a maximum of 50 lakh rupees can be insured.

In the case of RPLI, a minimum of 10,000 rupees to a maximum of 10 lakh rupees is possible. If a 30-year-old person insures 10 lakh rupees in this scheme, then after 30 years, i.e. when the person turns 60, he will get a total of 26 lakh rupees as a return on the plane.

In 30 years, you can benefit from 16 lakh rupees. Also, during this policy, the applicant has the facility of changing the nomination, taking a loan, surrendering the policy and transferring the policy to any post office in India. In addition, 1% discount or rebate will be given to all customers who deposit 6 months’ premium in advance and 2% discount or rebate will be given to those who deposit 12 months’ premium in advance.

Application Procedure:

So, all those who are looking for a safe means of investment can invest in Postal Life Insurance (PLI). To invest here, you have to contact the nearest postal department. You can get more detailed information about the said insurance by reaching the postal department. This scheme of the post office is one of the best examples of safe investment at present. Especially with the inclusion of graduates in the new rules, educated members of ordinary middle-class families can now also take advantage of PLI.