Postal Life Insurance - Suraksha (WLA)
Minimum Age at entry is 19 years
Maximum Age at entry is 55 years
Premia ceasing at the age of 55, 58, 60. ( Minimum payment of premia for 5 years)
Maturity amount is payable only to the Assignee, nominee or the legal heir after death of the insurant.
Maximum sum assured is Rs. 10 lac
Insurance cover starts from the date of acceptance of proposal to the extent of sum assured with accrued bonus
Bonus shall accrue till the date of death.
Higher bonus and lower premia than the Endowment Policy
Eligible for loan after payment of premia for 48 months
Surrender of policy allowed after payment of premia for 48 months
Assignment facility available
The policy can be converted into an Endowment Assurance Policy after completion of one year and before 57 years of age of the insurant
Nomination facility available
Maximum Age at entry is 55 years
Premia ceasing at the age of 55, 58, 60. ( Minimum payment of premia for 5 years)
Maturity amount is payable only to the Assignee, nominee or the legal heir after death of the insurant.
Maximum sum assured is Rs. 10 lac
Insurance cover starts from the date of acceptance of proposal to the extent of sum assured with accrued bonus
Bonus shall accrue till the date of death.
Higher bonus and lower premia than the Endowment Policy
Eligible for loan after payment of premia for 48 months
Surrender of policy allowed after payment of premia for 48 months
Assignment facility available
The policy can be converted into an Endowment Assurance Policy after completion of one year and before 57 years of age of the insurant
Nomination facility available
