Postal Life Insurance (PLI) | India Post

iAbout This Scheme

Post Office Life Insurance is one of India's oldest life insurance schemes, established in 1884, exclusively for central and state government employees, defence personnel, and employees of nationalised banks and PSUs. It offers some of the lowest premium rates and highest bonus rates among life insurance products in India.

🎁Key Benefits

• Low premium rates with high bonus rates
• Plans include Whole Life (Suraksha), Endowment (Santosh), Convertible Whole Life (Suvidha), Anticipated Endowment (Sumangal), and Children Policy (Bal Jeevan Bima)
• Loan facility available after 3 policy years
• Tax benefit under Section 80C
• Surrender and paid-up policy options
• Bonus declared annually by the government

✅Eligibility Criteria

• 1
  Central and state government employees
• 2
  Defence and para-military forces
• 3
  Employees of nationalised banks, PSUs and autonomous bodies

📝How to Apply

❓Frequently Asked Questions