How much is the bonus in PLI?
Postal Life Insurance Scheme Bonus:
| Type of Insurance Policy | Rate of Bonus |
|---|---|
| Endowment Assurance (EA) | Rs. 50 per Rs. 1000 of the sum assured |
| Whole Life Assurance (WLA) | Rs. 65 per Rs. 1000 of the sum assured |
How is PLI bonus calculated?
The bonus is declared on every Rs 1000 of the sum assured and is payable on death during the term or on the maturity of the policy. Being Simple Reversionary, there is no effect of compounding in the policy.
How do I claim PLI maturity amount?
Features:
- Maturity/Survival Benefit Claim of a policy arises on completion of term of the policy as per the features of that particular plan.
- Maturity/Survival Claim Form may be obtained from nearest Post Office/CPC or may be downloaded from India Post website, PLI website or PLI Customer Portal.
Which scheme is best in PLI?
6 Best Postal Life Insurance (PLI) Plans for Government Employees
- Whole Life Assurance (Suraksha)
- Endowment Assurance (Santosh)
- Convertible Whole Life Assurance (Suvidha)
- Anticipated Endowment Assurance (Sumangal)
- Joint-Life Insurance (Yugal Suraksha)
- Children Policy (Bal Jeevan Bima)
Is PLI better than LIC?
In terms of premiums, LIC has a higher rate of a premium compared to PLI. Many PLI plans offer a bonus which is quite high. Many LIC plans also offer bonus. However, the bonus rate is low compared to PLI plans.
Can I surrender my PLI policy?
Proportionate Bonus on reduced sum assured is paid if policy is surrendered after 5 years. Surrendering any policy is always a loss.
How can I check my PLI status?
Other ways to check the status of your policy In case you have any query related to your policy, you can send a mail to the email ID [email protected]. You can also call on the toll-free number 1800 180 5232, 155232. You can also call their land line number 011 24673177.
Is PLI a good investment option?
Postal Life Insurance (PLI) does not offer any pension and Unit Linked Insurance Plans (ULIP). 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. For investment, other options like mutual funds, stocks, etc.
What happens if PLI premium is not paid?
If the premia are not paid for 6 month in case policy within 3 year, (or) 12 months in case of policy is for more than 3 years, then the policy becomes lapsed. This needs revival to make it active. Revival shall be on any number of occasions during the entire term of the policy.